Today I am pleased to announce that we at Socialtext have taken a huge step towards our vision by receiving a significant strategic cash infusion by Bedford Funding, the $1.4 billion private equity firm behind Talent Management Solution provider, Peoplefluent™. The infusion of capital that we are receiving will accelerate the development of our industry-leading enterprise social collaboration tools and augment sales efforts for both sides. We will ramp up hiring in all areas, and will also serve as the new Silicon Valley hub for Peoplefluent.via socialtext.com
Like Alan Leposky, I think this is good news overall for Socialtext.
Additional coverage in Techcrunch.