Home SuccessFactors Buys CubeTree in $50 Million Stock Deal

SuccessFactors Buys CubeTree in $50 Million Stock Deal

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.

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the tech industry for major developments, new product launches, AI breakthroughs, video game releases and other newsworthy events. Editors assign relevant stories to staff writers or freelance contributors with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Get the biggest tech headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Tech News

    Explore the latest in tech with our Tech News. We cut through the noise for concise, relevant updates, keeping you informed about the rapidly evolving tech landscape with curated content that separates signal from noise.

    In-Depth Tech Stories

    Explore tech impact in In-Depth Stories. Narrative data journalism offers comprehensive analyses, revealing stories behind data. Understand industry trends for a deeper perspective on tech's intricate relationships with society.

    Expert Reviews

    Empower decisions with Expert Reviews, merging industry expertise and insightful analysis. Delve into tech intricacies, get the best deals, and stay ahead with our trustworthy guide to navigating the ever-changing tech market.