Socialtext Raises $9.5 Million, Announces New CEO

Socialtext Raises $9.5 Million, Announces New CEO
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[img src="" caption="" credit="" alt=""]Socialtext, a provider of wiki software, has announced a $9.5 million Series C round as well as the appointment of a new CEO. Eugene Lee, co-founder of Beyond.com, will be replacing Ross Mayfield in the CEO slot, while Mayfield will move to Chairman and President. Lee has previously worked at Cisco, where was VP Worldwide Enterprise Marketing, and Adobe, where he was a VP Product Marketing.

Investors in the round include Draper Fisher Jurvetson, Omidyar Network, and SAP Ventures. Socialtext previously raised $3 million in June.

Socialtext was an early mover in the wiki space, but has since been joined by a host of competitors, including JotSpot (acquired by Google) and PBWiki, who raised $2 million earlier this year.

See Also - The Wiki Toolbox: 30+ Wiki Tools and Resources

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