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Socialtext’s Growth Leads to Corporate Expansion



  Socialtext’s Growth Leads to Corporate Expansion

  Leading Enterprise Social Software Provider Increases Employees and Office
                                    Space

Business Wire

PALO ALTO, Calif. -- April 02, 2013

Socialtext, a leading provider of enterprise social software, today announced
that the company has expanded and relocated its corporate headquarters to a
new and improved location located at 558 Waverly Street in Palo Alto,
California. The new Socialtext office was necessary to accommodate the
company's recent growth, now occupying a 6,000 square foot building;
Socialtext has the facilities to occupy 50 plus employees. The new office
provides ample capacity to support a steady increase of employees and new
customers moving forward.

"Our expansion is a testament to the rapid growth Socialtext is experiencing.
We've hired some tremendous talent over the past year, and its helped us to
propel our solution forward and drive innovation in our space; particularly in
terms of social learning, analytics, and a deeply engaging user experience,"
said Marc Ramos, Chief Marketing Officer and V.P. of Sales at Socialtext.
"We're grateful to both our employees and our customers, and we're looking
forward to generating the kind of success that will let us outgrow many more
offices for years to come."

Socialtext has been a leader in social collaboration for more than a decade,
delivering a resource for customers to communicate, collaborate on internal
projects and connect on the information necessary to be more effective in the
workplace. The company’s expansion comes with an increase in clients and the
need for additional staff members and engineers to ensure that the company
continues to take a leadership role in developing best-in-class social
technologies. In addition to extra office space, the larger corporate
headquarters features an employee-friendly lounge filled with bean bags, a
dart board and poker table.

By simplifying people's capability to share expertise, ideas and corporate
data through social collaboration, Socialtext removes knowledge silos that
have hindered the ability to respond to change and get work done. For more
information about the company, please visit www.socialtext.com, find the
company on Facebook at https://www.facebook.com/socialtext or on Twitter
at @Socialtext.

About Socialtext

Established in 2002, Socialtext, a Bedford Funding portfolio company, 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 Getty Images, Symantec,
Meredith Corporation, NYU Stern, OSIsoft, and Epitaph Records. To learn more,
visit www.socialtext.com.

Contact:

Gutenberg Communications:
John Kreuzer, 408-827-4360
jkreuzer@gutenbergpr.com
or
Andria Barrera, 408-827-4359
andria@gutenbergpr.com
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