Salesforce.com today agreed to acquire Toronto-based Rypple, a tool that claims to turn the dreaded employee annual review into a continuous — yet fun and social — process.
Toronto-based Rypple names Facebook, Spotify, Rackspace and Jive among its customers.
Salesforce.com plans to re-launch Rypple as a service called “Successforce” and create a new human capital management (that’s fancy for HR) business unit to be run by John Wookey. Wookey is a former Oracle and SAP exec who joined Salesforce.com last month.
Rypple’s social technologies will also be embedded into other Salesforce.com’s technologies, although the company wasn’t offering details yet about which ones would be targeted.
Terms were not disclosed, but the deal is expected to close by next April.
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