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Softface

1998 FOUNDED
M&A STATUS
M&A LATEST DEAL TYPE
Description

Developer of spending performance management software. The company's automated spending performance management software read and rebuild the cryptic, unstructured, and incomplete text found in many invoices, purchase orders and requisitions and rebuild spending information to give details about products, services, manufacturers and suppliers, enabling clients to get better control over their spending, saving them millions of dollars from their quarterly budgets

Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Primary Industry
Business/Productivity Software
Acquirer
Primary Office
  • 2121 North California Boulevard
  • Suite 570
  • Walnut Creek, CA 94596
  • United States
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Softface Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
2. Merger/Acquisition 31-Mar-2004 000.00 Completed Generating Revenue
1. Early Stage VC 12-Nov-2001 000.00 000.00 Completed Generating Revenue
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Softface Former Investors (3)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Norwest Venture Partners Venture Capital Minority 000 0000 000000 0
RWI Ventures Venture Capital Minority 000 0000 000000 0
Telos Venture Partners Venture Capital Minority 000 0000 000000 0

Softface Executive Team (4)

Name Title Board
Seat
Contact
Info
Olivier Sermet President & Chief Executive Officer
John Machusic Chief Financial Officer
Alexander Saldanha Ph.D Co-Founder & Chief Technology Officer
Rick McGeer Co-Founder