Salesforce Acquires TechStars And TechCrunch Disrupt Alum Thinkfuse

TechCrunch

Thinkfuse, a Seattle-based startup that allows companies to send regular progress reports to managers, executives and other stakeholders, just announced that it has been acquired by Salesforce.com. The financial details of the transaction were not disclosed. Thinkfuse describes itself as “an enterprise software-as-a-service provider that turns status reports into a powerful business tool.” The service is shutting down completely on July 25, 2012 and current users will have to export all their data by that time. Thinkfuse recommends its users to move to Mailchimp.

Thinkfuse received its angel funding from TechStars Seattle in 2010 and famously landed about $500,000 in angel funding in 2011 by “hanging around” during Y Combinator’s demo day in 2011. Among the investors in the company are Ali and Hadi Partovi, SV Angel, Founder’s Co-op and Scott Banister. The company, which was founded by a group of former Google and Microsoft employees, launched at TechCrunch…

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