One of the newer startups in the Enterprise 2.0 community has been acquired by SuccessFactors, a SaaS provider that focuses on employee productivity.
SuccessFactors is acquiring CubeTree for $20 million in stock plus a contingent cash payment after three years, bringing the total value to $50 million.
CubeTree is a real-time collaborative work space that provides a platform for cross-functional productivity. When we looked at the company last Fall, CubeTree had just launched its social business platform.
Video is a bit grainy but the video I shot at Enterprise 2.0 lat Fall will give you a picture of what the company does.
Its core features came with its ability to easily create profiles for leveraging a company’s contact information. It also has a unique micro-commenting system that give users the capability to comment on power point slides and spreadsheets for instance, down to the cell on the financial document.
SuccessFactors will integrate CubeTree into its Business Execution software.
