5 responses

  1. anupkejriwal
    May 3, 2010

    Good points. I can see how it makes sense from SuccessFactor perspective.

    What I am a bit baffled by is the rush to get acquired from CubeTree perspective. This market is just starting to catch fire and business is just starting to get create. I suspect over the next 2-3 years you will see a few new SalesForce/Siebel/BEAS etc..out of this cycle…so a bit puzzled. I am sure its a very smart team and did what they believe to be the best.

    (Full disclosure…we offer a similar business collaboration service @ http://www.engagesmart.com).

  2. Ben Kepes
    May 3, 2010

    @Anup – simple really $20mill is a lot of cash….

  3. panther
    May 3, 2010

    yeah.. but if they’ve raised $12… doesn’t leave a lot of money for employees once preferences clear..

  4. Isaac Garcia
    May 3, 2010

    Cubetree raised $8mm in Nov 2009.
    They were prob sitting on $4-$6mm cash still.
    Net of the $20m cash is only ~$15m.

    Still a lot of cash, but the numbers don’t fully add up for me either.

  5. Ben Kepes
    May 4, 2010

    @Isaac – you’re parsing this in terms of your own product which is (although I hate the term) a platform. CubeTree is a nice feature and all but it’s just that – the opportunities are limited and once all the major players have got their social fix, there’ll be little left over. I think the decision they made will prove the right one

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