Money And A New CEO For SocialText

Next Story

Snap To Launch Snap Shots Ad Network

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.

blog comments powered by Disqus