July 20, 2011, Palo Alto, California
Socialtext today announced several major milestones in Q2 that show momentum as businesses continue to turn to the leading enterprise social networking platform to share information, get answers to questions, and find people and content to help them get work done. During the quarter, Socialtext strengthened its position across many industries – including entertainment, financial services, government, media, and professional services – as well as in international regions – including North America, Europe, and Australia.
One of Socialtext's core beliefs is that high levels of adoption, often reaching 100%, occur when social tools are placed 'in-the-flow' of existing business processes. This has been proven time and again by Socialtext customers such as Getty Images, The American Hospital Association and NYU Stern.
New customer wins include Blue Man Group, Southeastern Rail, Intel Corp., Austin Peay University, Seitlin and Company, as well as an extremely successful customer launch with the Department of Education, New South Wales (Australia) to over 100,000 users.
Strengthening Socialtexts’ overall efforts in the federal market, the recent partnership with Winvale helps to deliver Socialtext into more government organizations looking to transform their internal processes and knowledge sharing more efficiently. The recent partnership with introNetworks will bring social graph technology within Socialtext and deliver IntroNetworks’ powerful Visual Matching Engine™ inside Socialtext’s enterprise social networking platform with three new widgets for use in Socialtext - Social Radar, Attribute Selector, and Profile Attributes.
With the launch of the virtual appliance, customers can now choose an additional deployment option that provides the benefits of a SaaS offering within the privacy and security of a private cloud. Also, last month at the Enterprise 2.0 Conference, Socialtext announced Socialtasks, a flexible and powerful project management tool, which enables teams to visualize and manage tasks in a collaborative work environment.
The company was recently named number one social software vendor from InformationWeek’s Enterprise 2.0 Vendor Evaluation Survey and was ranked #1 in overall performance, with the results based on more than 600 IT professionals and business people. Socialtext was announced a winner of the Tie50 Award as the first social software company, winning in the category of software and cloud computing. At the Enterprise 2.0 Conference in Boston, Socialtext customer, American Hospital Association, spoke on how they have achieved phenomenal adoption and Socialtext Chairman and co-founder, Ross Mayfield, gave a keynote on the social software evolution.
“We believe in the power of enterprise social networking and are excited about our customers' success, across a variety of verticals and geographic regions,” said Eugene Lee, CEO, Socialtext. “Social software has evolved from letting people share and discover information to helping people get work done, which is achieved by integrating social software into the core-business processes. We are confident that in Q3, we’ll see continued growth in new bookings, renewals and adoption.”
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.
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