Legal DealFolio - Bedford Funding strategic investment in SocialText

Shearman & Sterling represented Peoplefluent Holdings Corporation, a portfolio company of Bedford Funding, in its strategic investment in SocialText, Inc. Peoplefluent plans to integrate SocialText's enterprise social collaboration software into its talent management suite, though SocialText will continue to operate under the SocialText name. Financial terms of the transaction were not disclosed. SocialText, based in Palo Alto, CA, is engaged in the software as a service (SaaS) business and was a first mover in delivering social software to businesses. 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. Peoplefluent, based in Waltham, MA and Raleigh, NC, is a leading provider of human capital management solutions. With a deep focus on business intelligence and analytics, Peoplefluent's mobile and SaaS technologies provide clients the actionable insight required to make strategic decisions that drive better business results. The Shearman & Sterling team included partners Steve Camahort (San Francisco-Mergers & Acquisitions), Samuel Waxman (New York-Intellectual Property Transactions), Larry Crouch (Palo Alto-Tax), and Doreen Lilienfeld (New York-Executive Compensation & Employee Benefits); counsel Eileen O'Pray (Palo Alto-Tax); and associates Jeffrey Wolf (San Francisco-Mergers & Acquisitions), Flavio Averbug (San Francisco-Mergers & Acquisitions), Zheng Bao (Palo Alto-Intellectual Property Transactions), Daniel Stellenberg (Palo Alto-Executive Compensation & Employee Benefits) and Jennifer Stadler (New York-Executive Compensation & Employee Benefits).

Deal Date:	02-05-2012	Practice Area:	Corporate and M&A
Deal Title:	Bedford Funding strategic investment in SocialText	Industry:	Software & Computer Services
Description:	Shearman & Sterling represented Peoplefluent Holdings Corporation, a portfolio company of Bedford Funding, in its strategic investment in SocialText, Inc. Peoplefluent plans to integrate SocialText's enterprise social collaboration software into its talent management suite, though SocialText will continue to operate under the SocialText name. Financial terms of the transaction were not disclosed. SocialText, based in Palo Alto, CA, is engaged in the software as a service (SaaS) business and was a first mover in delivering social software to businesses. 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. Peoplefluent, based in Waltham, MA and Raleigh, NC, is a leading provider of human capital management solutions. With a deep focus on business intelligence and analytics, Peoplefluent's mobile and SaaS technologies provide clients the actionable insight required to make strategic decisions that drive better business results. The Shearman & Sterling team included partners Steve Camahort (San Francisco-Mergers & Acquisitions), Samuel Waxman (New York-Intellectual Property Transactions), Larry Crouch (Palo Alto-Tax), and Doreen Lilienfeld (New York-Executive Compensation & Employee Benefits); counsel Eileen O'Pray (Palo Alto-Tax); and associates Jeffrey Wolf (San Francisco-Mergers & Acquisitions), Flavio Averbug (San Francisco-Mergers & Acquisitions), Zheng Bao (Palo Alto-Intellectual Property Transactions), Daniel Stellenberg (Palo Alto-Executive Compensation & Employee Benefits) and Jennifer Stadler (New York-Executive Compensation & Employee Benefits).
Financial Center:	San Francisco	Value:	0.00-0.00
Advised Party:	Acquiror	Law Firm	Shearman & Sterling
Target Company Jurisdiction:	United States	Acquiror Jurisdiction:	United States
Classification:	Strategic Buyer Acquisitions Private Company	Lawyer	Steve Camahort

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers