 In January 2006, SpringCM made its debut on the software as a service marketplace as an offshoot product based heavily upon a document sharing and compliance utility constructed for ChemCentral.SpringCM received $8 million in foundation capital from Silicon Valley-based investment capital firm Foundation Capital in third-quarter 2006, bringing the total amount of investment capital raised to US$10 million.In March 2007, SpringCM introduced SpringCM for Salesforce.com through the Salesforce.com AppExchange.