Jimmy Wales Joins Socialtext Board of Directors; Wikipedia Founder to Advise Leader in Enterprise Wiki Solutions

PALO ALTO, Calif.--()--Oct. 3, 2005--Socialtext, the first wiki company and market leader in enterprise wiki solutions, announced today that Jimmy Wales, founder of Wikipedia, has been appointed to the company's board of directors. He joins Tim Draper of Draper Fisher Jurveston, Joi Ito, and Socialtext CEO Ross Mayfield.

Wikipedia, the world's largest encyclopedia and wiki project, lists Wales as a "U.S. Internet entrepreneur and a wiki pioneer who is best known for founding Wikipedia, an international collaborative open-source free encyclopedia on the Internet...In mid-2003, Wales set up the Wikimedia Foundation, a Tampa-based non-profit organization, to support Wikipedia and its younger sister projects. Since then, he has become increasingly involved with promoting and speaking about the foundation's projects. As of 2005, Wales is the foundation's president and chairman of the board." http://en.wikipedia.org/wiki/Jimmy_Wales

Wales's appointment comes at a time when wikis are experiencing rapid adoption in the enterprise. More than 200 businesses around the globe -- including Nokia, Symantec and Dresdner Kleinwort Wasserstein -- are using Socialtext to meet numerous business challenges with simple group productivity.

"It's thrilling to see wikis getting the kind of attention in the enterprise that they have gotten in the consumer Internet market," said Wales. "I look forward to working alongside Socialtext as they continue helping enterprises to work smarter, faster and more efficiently."

"What Jimmy Wales and Wikipedia are doing for the freedom of knowledge in the public sphere we hope to accomplish for the private sector," said Socialtext CEO and Co-founder Ross Mayfield. "As we effectively build Wikipedia-like Intranets for global organizations, Jimmy's understanding of the power of mass collaboration provides us a unique direction."

About Socialtext

Socialtext, the first wiki company, is the leading provider of "simple group productivity solutions." More than 200 organizations -- including Global 1000 enterprises such as Nokia, Symantec, and Dresdner Kleinwort Wasserstein -- use Socialtext to accelerate project cycles and help groups communicate more effectively while fostering trust, transparency and group memory. Socialtext is a winner of Business Week's 2005 "Best of the Web," and is widely recognized for pioneering the development and use of open source technology and best practices in the enterprise. Headquartered in Palo Alto, California, investors include Draper Fisher Jurvetson, SAP Ventures, and the Omidyar Network. For more information, go to http://www.socialtext.com.

Contacts

Eastwick Communications
Rachel Levine, 650-480-4017
Rachel@eastwick.com

Contacts

Eastwick Communications
Rachel Levine, 650-480-4017
Rachel@eastwick.com