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December 16, 2011 to buy HR company Rypple

This is a bid by to enter the cloud-based HR software market

By CBR Staff Writer

CRM company Salesforce said it has agreed to buy a cloud-based HR software company Rypple.

Salesforce said the deal will close in the quarter ending April 30 and Rypplee will be renamed as Successforce.

Rypple’s 350 customers include companies, such Facebook, Spotify and Gilt Group. chairman and CEO Marc Benioff said and Rypple share a vision for extending the social enterprise to transform the way they work. "The next generation of HCM is not just about a cloud delivery model, it’s about a fundamentally better way to recruit, manage and empower employees in a social world," Benioff said.

This is a bid by to enter the cloud based software market, following suit of SAP and Oracle, who recently acquired similar type of businesses.

Salesforce executive vice president John Wookey will oversee Salesforce’s new HR business unit that will include products it is developing internally too.

Financial terms of the deal have not been disclosed.

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