Salesforce.com Signs Definitive Agreement to Acquire Rypple

Salesforce.com

today announced it has entered into a definitive agreement to acquire Rypple, a cloud-based social performance management company. Rypple is web-based social performance management software that helps managers and employees improve performance through social goals, continuous feedback and meaningful recognition. The transaction is expected to close in salesforce.com's fiscal first quarter ending April 30, 2012, subject to customary closing conditions. The transaction is not expected to have a material impact on revenue for FY13. Salesforce.com will initiate EPS guidance for fiscal 2013 on its fourth quarter conference call in February.