Money And A New CEO For SocialText
Written by on November 4th, 2007 in Ajax News.
We reported in July that Palo Alto-based wiki startup SocialText was looking for a new CEO to help speed growth.
Tonight they are announcing their new CEO - former Cisco and Adobe exec Eugene Lee. Founder and former CEO Ross Mayfield becomes Chairman and President of the company. The company is also announcing a $6.5 million second tranche of its Series C funding ($3 million was announced in May 2007). The company has now raised a total of $14.1 million.
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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/179859866/