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 athttps://www.facebook.com/socialtextor 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, visitwww.socialtext.com. Contact: Gutenberg Communications: John Kreuzer, 408-827-4360 email@example.com or Andria Barrera, 408-827-4359 firstname.lastname@example.org
Socialtext’s Growth Leads to Corporate Expansion
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