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Socialtext Raises Series C

Socialtext Inc., a Palo Alto, Calif.-based provider of enterprise wiki software, has raised $9.5 million in Series C funding. Draper Fisher Jurvetson led the deal, and was joined by fellow return backers Omidyar Network and SAP Ventures.


The company also announced that Eugene Lee, co-founder of and an executive with Adobe and Cisco, has been named CEO. Founding CEO Ross Mayfield will transition into a president and chairman role.