Palo Alto, CA – June 1, 2012
Woodside Capital Partners International LLC announces that it acted as financial advisor to Socialtext, an enterprise social software provider, in a strategic investment from Bedford Funding, owner of Peoplefluent, an industry leading talent management solutions provider. To accelerate Socialtext’s growth, Bedford Funding, a $1.4 billion private equity fund, will also be making significant follow-on investments in Socialtext’s standalone business.
With the combined technologies, Peoplefluent will be able to deliver powerful enterprise collaboration capabilities and a broad new spectrum of employee engagement initiatives to its customers. Socialtext now has access to Peoplefluent’s more than 5,000 enterprise customers and 80 of the Fortune 100 companies. In addition, Socialtext will work with Peoplefluent to inject social capabilities into Peoplefluent’s Human Capital / Talent Management product line.
With deployment of Socialtext technology within the Peoplefluent business, Peoplefluent will provide its customers with a standalone social platform and will also deliver every product within its existing suite optimized with embedded and integrated social capabilities. Socialtext remains an independent entity focused on providing enterprise social software and its team will continue to serve and expand its customer base under the current company brand.
Peoplefluent is transforming Talent Management through best-of-breed technology and expertise. With a deep focus on business intelligence and analytics, the Company’s social, mobile and cloud-based technology gives clients the actionable insight required to make strategic decisions that drive better business results. Nearly 80 percent of the Fortune 100 use Peoplefluent Talent Management, Vendor Management and Workforce Compliance and Diversity solutions to manage salaried, hourly and contingent labor across their organization. These solutions manage the entire talent lifecycle from recruiting to onboarding and through the ongoing management of each person’s career while helping organizations measure, analyze and empower their existing workforce. The Company’s solutions currently support more than 5,100 organizations ranging in size from large, global corporations to small and medium-sized businesses, and it is used by more than 5 million users in 214 countries and territories around the world.
Established in 2002, Socialtext was the first company to deliver social software to businesses. By unlocking knowledge, expertise, ideas and data, Socialtext eliminates information silos across the enterprise to drive superior business performance. Socialtext’s enterprise social networking products — including microblogging, blogs, wikis, profiles and social spreadsheets — provide simpler ways for employees to share vital information and work together in real-time. Delivered in a variety of hosted cloud services, as well as on-site appliances, enterprise customers are provided with flexible deployment options that meet their security requirements. Built on a flexible, web-oriented architecture, Socialtext integrates with virtually any traditional system of record, such as CRM and ERP, enabling companies to discuss, collaborate, and take action on key business processes. More than 6,500 businesses worldwide have accelerated their business performance with Socialtext, including Egon Zehnder, Getty Images, Symantec, Meredith Corporation, NYU Stern, OSIsoft, and Epitaph Records. To learn more, visit www.socialtext.com.
About Woodside Capital Partners
Woodside Capital Partners is a global, independent investment bank that delivers world-class strategic and financial advice to emerging growth companies in the technology and life sciences sectors. With a strong track record in M&A, strategic partnerships and private placements, Woodside Capital Partners has been providing worldwide investment banking services since 2001. Woodside Capital Partners has offices in Silicon Valley and London, and leading domain experience in software, Internet services, electronic communications and materials, and life sciences. WCP Research offers institutional technology research services to buy-side institutional investors and technology industry executives. The team of Woodside Capital Partners has completed transactions totaling more than $10 billion. Securities offered through Woodside Capital Securities LLC, member FINRA/SIPC. For more information, please visit woodsidecap.com.
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Woodside Capital Partners International LLC