Following Strategic Investment, Enterprise Software Maker Socialtext Joins Up With Peoplefluent

By Sarah Perez , TechCrunch, May 1, 2012

Social enterprise software maker Socialtext is today announcing having received strategic investment from Bedford Funding that will now see the service joining the Peoplefluent family of products. Bedford Funding, for those unaware, is a $1.4 billion tech investment fund and owner of Peoplefluent, the maker of Talent Management software for business customers.

Following the investment, Socialtext will be integrated into Peoplefluent’s own Human Capital Management (HCM) Suite, which focuses on offering tools to help companies recruit better. With the Socialtext integration, employees on the suite will be able to collaborate with each other and their greater enterprise, the company says.

Eugene Lee, Socialtext CEO, will remain CEO of Socialtext but will now report directly to Peoplefluent Chairman and CEO Charles S. Jones.