SuccessFactors Acquires CubeTree for $50,000,000

  • Feed Type
  • Date
    5/3/2010
  • Company Name
    CubeTree
  • Mailing Address
    401 Warren St. Redwood City, CA 94063
  • Company Description
    With Adobe Flex as an RIA development tool, it is becoming popular day-by-day. And the good news is that CubeTree India has also entered into this spree of developing simple and complex applications using Flex.
  • Website
    http://www.cubetree.com
  • Transaction Type
    M&A
  • Transaction Amount
    $50,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    SuccessFactors is acquiring CubeTree for $20 million in stock plus a contingent cash payment after three years, bringing the total value to $50 million.