Leverage Software
Enterprise-ready social networks that enhance the knowledge and expertise of employees in an organization.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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Founded in 2003, Leverage Software carved a niche in the enterprise social networking market before its acquisition by Telligent in December 2011. The company was established by Joe Kleinschmidt, who, following the acquisition, joined the Telligent team as Vice President of Cloud Products. Based in San Francisco, Leverage Software was recognized as a pioneer in providing social on-demand (SaaS) solutions.
The firm's core business was centered on a suite of social networking tools designed to enhance internal communication and collaboration within large, distributed organizations. Its primary offering was the Active Relationship Network (ARN) platform, a suite of applications that included CustomerConnect, MemberConnect, EventConnect, and SalesConnect. This platform provided a then-unprecedented capacity for companies, associations, and event producers to cultivate and catalyze relationships with customers, users, members, and event attendees. The business model was based on providing these cloud-based social networking capabilities to enterprises.
Leverage Software's solutions were built on Microsoft technology, which facilitated a smoother integration process when it was acquired by Telligent, another company with a foundation in Microsoft-based systems. The company catered to a prestigious list of clients, including The Home Depot, Redken, Wells Fargo, and Stanford University, who utilized its platform for both external customer engagement and internal employee purposes, such as sales and marketing enablement. The acquisition by Telligent was part of a broader market consolidation trend in the social enterprise software sector, aiming to combine Telligent's platform with Leverage's cloud technology and people-centric design.
Keywords: enterprise social networking, social community software, collaboration platform, Active Relationship Network, SaaS, customer engagement, employee communication, corporate social tools, Joe Kleinschmidt, Telligent acquisition, CustomerConnect, MemberConnect, EventConnect, SalesConnect, relationship intelligence, online community platform