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December 16, 2011 02:30 am GMT

Salesforce Buys Social Performance Platform Rypple; Will Launch Human Capital Management Unit Successforce

ryppleSalesforce.com has just announced the acquisition of social performance platform Rypple. Financial terms of the deal, which is expected to close early next year, were not disclosed. Rypple, which has raised $7 million in funding, is a web-based social performance management platform that helps managers and employees improve performance. Essentially, Rypple replaces the traditional performance review with a more social and collaborative approach. The software has been compared to a Zynga for the enterprise, and allows managers to track projects, guide their team and give kudos to deserving staff for others to see within its online application.

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