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socialmedian Inc. Purchased by XING
Source: social|median
Dec 19, 2008


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Summary
I am thrilled to announce that socialmedian is being acquired by XING of Hamburg, Germany.

This is great news for socialmedian's members as XING is committed to growing and developing socialmedian both as a standalone service as well launching integrated socialmedian services on XING, one of the leading online business networks in the world.

The entire socialmedian team will be joining XING as part of the acquisition. I will be relocating to Hamburg, where I will lead up a major new initiative for XING, the XING Application Platform. In this new role, in addition to strengthening and enhancing the socialmedian service, I will also be responsible for managing global partnerships for application developers and content providers to connect with the XING network.

This is an awesome development for socialmedian.

socialmedian delivers the news, filtered by your network. XING is one of

Comments (71)
Chrisharrington,
Dec 19, 2008
That's great for you and socialmedian. Congratulations and good luck. I've begun work on a new social media blog set to launch in the beginning of the new year but now I find myself itching to write about this news.
Reply


Michaelfidler,
Dec 19, 2008
@jasongoldberg Congratulations to the entire Socialmedian team!
Reply


Socialmediangal,
Dec 19, 2008
@chrisharrington
@michaelfidler Thanks! This is great for socialmedian users!
Reply


Weblaunches,
Dec 19, 2008
Congratulations to the SocialMedian Team =)
Reply


Ww3,
Dec 19, 2008
Congrats! ;)
Reply


Digimist,
Dec 19, 2008
Congrats to all :)
Reply


Joao,
Dec 19, 2008
well done...
Reply


Oninformation,
Dec 19, 2008
Impressive, Jason. Congrats to you and the team.
Reply


Michaelfidler,
Dec 19, 2008
@jasongoldberg
@socialmediangal
@ketan
@sharief
@sumantht
@jeevan
@alpesh
@ajay
@sunil
@bala
@Scottwheaton All your hard work has paid off, and they could not have a more talented group of individuals joining there team! Jason your new position sounds perfect for you! You must be very happy. Congrats again!
Reply


Ricmac,
Dec 19, 2008
Wow, congrats Jason, nice work!
Reply


Gammill,
Dec 19, 2008
congrats to the team!
Reply


Vincenzorisi,
Dec 19, 2008
Congrats to all. I'm not that happy, anyway. When a startup like SocialMedian is acquired, I'm always a bit afraid that something can go in the wrong way...
Reply


Ripanti,
Dec 19, 2008
Great move for both parts of the deal.
Reply


Thomaspower,
Dec 19, 2008
very well done Jason nice one. Tx
Reply


Rumford,
Dec 19, 2008
i blogged this a few minutes back http://facereviews.com/2008/12/19/social-median-aquired-by-xing-of-germany/
Reply


Solargo,
Dec 19, 2008
congrats to the team!
Reply


Dannytatom,
Dec 19, 2008
Congrats, can't wait to see things move forward for you all. :)
Reply


Rumford,
Dec 19, 2008
congrats to you and your team at Social Median Jason
Reply


Barracuda,
Dec 19, 2008
Jason - Contrats to you and your team. Glad your move to Hamburg now becomes reality. Hope to see you and talk soon!
Reply


Problemsmith,
Dec 19, 2008
That's great news for Jason and for the Social networking community, I am an Ambassador at XING. They are one of the most well equipped of all the social and business networking sites. They even hold live business events and social events regionally all over the world, parties and professional training events. If you don't know about them you can find out more by checking out openBC it's where they originated. They are already in the top 1000 sites globally.
Reply


Martinrstone,
Dec 19, 2008
In some ways I'm sad yet I'm sure its the right thing to do. Socialmedian has become a friend who I now have to share with the big boys! But its the way forward so congratulations. I hope XING will take good care of you and allow you to flourish.
Reply


Nishith,
Dec 19, 2008
Exciting and happy times. :)
Reply


Rumford,
Dec 19, 2008
Are you guys willing to share any of the acquisition details. It had to be good. ;)
Reply


Jasongoldberg,
Dec 19, 2008
@rumford the TechCrunch story and the PaidContent Story have the public details.

http://www.techcrunch.com/2008/12/19/european-business-social-network-xing-acquires-socialmedian/

http://www.paidcontent.org/entry/419-social-news-startup-socialmedian-acquired-by-germanys-biz-socal-net-xin/
Reply


Jasongoldberg,
Dec 19, 2008
@michaelfidler thanks! And thanks to everyone for your well wishes.

@martinrstone you will only see more and better from socialmedian, i promise.
Reply


Rumford,
Dec 19, 2008
Jason. I saw that. It is also in my blog post. I just thought i might get you in a willing mood to disclose.... can't blame me for trying. ;)
Reply


Michael Warren,
Dec 19, 2008
Well done Jason, you will complement Xing nicely.
Reply


Alex S,
Dec 19, 2008
Jason, congratulations to you and the team.

Great to see a start up succeed so quickly in today's economy - hats off to you for doing it lean and mean.

Hope you're able to do a blog post on how this came about.
Reply


Jcorn1,
Dec 19, 2008
Congrats, great news!
Reply


Nico,
Dec 19, 2008
welcome to Hamburg :)
Reply


Wouter Havinga,
Dec 19, 2008
that is an amazing achievement, within one year of starting
Reply


Davidpetherick,
Dec 19, 2008
I was right about you guys when I tipped you for being 'big' in May http://thenextweb.com/2008/05/08/6-upcoming-tools-to-share-the-highest-waves-in-web-surfing/. Well done. Please check your inbox Jason. ;-)
Reply


Robdiana,
Dec 19, 2008
@jasongoldberg and the rest of the socialmedian team, a hearty congratulations to all of you. This is a well deserved reward.
Reply


Rpetty,
Dec 19, 2008
@jasongoldberg and the whole S|M team, congrats! Great work.
Reply


Jack68,
Dec 19, 2008
Its a great day. And will be an exciting jump into .
Reply


Alpesh,
Dec 19, 2008
Congratulation to Socialmedian team and users! As well Xing..
Cheers!!!
Reply


Locris,
Dec 19, 2008
Congrats!!
Reply


Jasongoldberg,
Dec 19, 2008
@locris Thanks!
Reply


Stevenjh,
Dec 19, 2008
Congratulations Jason and evertyone at SocialMedian.May you go from strength to strength now that you are xinging
Reply


Rythan,
Dec 19, 2008
@jasongoldberg Congrats! You did this just to mess with
@louisgray 's prediction, right? :) I hope this acquisition does not result in us losing your leadership and participation here.
Reply


Davidpetherick,
Dec 19, 2008
Thanks for the post-acquisition interview, Jason.
Now live at http://thenextweb.com/2008/12/19/interview-with-jason-goldberg-of-socialmedian-just-acquired-by-xing/
Reply


Mugzy,
Dec 19, 2008
Very Impressive
@jasongoldberg. Congrats! Clap Clap :-)))
Reply


Ex Modia,
Dec 19, 2008
@jasongoldberg Simply amazing! In an era where many are floundering in cyberspace, Jason and the s|m staff have proven that it can still be done and that it can be done well, without whales or hourly outage alerts.
Reply


Jasongoldberg,
Dec 19, 2008
@exModia
@mugzy
@rythan
@stevenjh thanks! it was a team effort for sure!
Reply


Jasongoldberg,
Dec 19, 2008
@davidpetherick cool interview, thanks!
Reply


Christinekerner,
Dec 19, 2008
Congratulations to SocialMedian!
Reply


Hjvanderklis,
Dec 19, 2008
haha, Xing is probably one of the very few social networks I don't have an account on (yet).
Reply


Priyankagill,
Dec 19, 2008
@jasongoldberg congratulations! good luck :)
Reply


Wendykembel,
Dec 19, 2008
Congrats, Jason!!!
Reply


Infodiva,
Dec 19, 2008
Glückwünsche Congratulations
Reply


Diordna,
Dec 19, 2008
Congratulations! Way to go! Good luck with new position!!
Reply


Rohitkhare,
Dec 19, 2008
To avoid overusing the word today, I'll say I'm impressed and amazed and, yes, a bit envious if you end up as a regular on CO74 EWR-HAM :) Congratulations, too, to the development team behind the scenes!
Reply


Andrewmccluskey,
Dec 19, 2008
Congratulations to everybody involved - what a great success
Reply


Gammill,
Dec 19, 2008
here are a few of my thoughts on the acquisition. Looking forward to watching how things evolve. Best of luck to the S|M team and Xing!
http://cli.gs/Ae9UN6
Reply


Hamburgstartups,
Dec 19, 2008
Hi Jason,

as a Hamburg homie I´d like to welcome you in our beatiful city. It is one of the best places to be in Germany. I´m looking forward to meet you maybe at one of the next OpenCoffee Club Meetups - or one of the many other great networking events.

All the best
Tobias (of www.hamburg-startups.de)
Reply


Pamelaweir,
Dec 19, 2008
Congratulations! That's fantastic. I can't wait to see what you have in store for 2009. All the best for SM & Xing in the new year!
Reply


Susanbeebe,
Dec 19, 2008
@jasongoldberg

YEAH!!!

Huge Congrats to you and the team on the sale of your wildly popular, explosive growth start-up company "Social | Median" to XING for $7.5million big ones!! I am proud to have been an early adopter and supporter of your fabulous product. Really enjoyed watching you craft it into one of the most robust social networking sites on the web... Read More that delivers aggregated news filtered by one's friends (really novel idea and cool UIX).

You are the most zealous, passionate, productive and inspiring Entrepreneurial CEO I've met in a long while. I am very impressed with your seriously efficient burn rate (wow!) too

Simple put: Jason, You Rock! :)

P.S. Thanks for sending me the Social |Median t-shirt back in July when you launched! Congrats on getting to move and further expand your company in Hamburg, Germany too!
Reply


Joebachana,
Dec 20, 2008
Well that was quick! I am quite amazed that these business models work so well and are so enticing. All of us find some reason to like the user interface of this site (what people clip-and-comment), then start finding articles in the cloud and tagging them here. That creates traffic here -- and it is legal. Take a look at sites like breakingnews.com where they, themselves do the scraping, and the big media companies gun for them. How do these kinds of companies soar? From a legal standpoint, is there no copyright infringement happening? If not, this seems almost too good to be true as a build-and-flip model, at least to Xing's competitors at this point... thoughts, everyone? (oh, congrats Jason and your team)
Reply


Bala,
Dec 20, 2008
cheers :)
Reply


Sumanth,
Dec 20, 2008
Cheers!!!!!
@michaelfidler, Thank you very much.Its all your feedback and encouragement every time, which made this possible. We need same sort of immediate feedback from you for all our features. Thanks again. :)
Reply


Maniac D,
Dec 20, 2008
@jasongoldberg Congratulation to you and the Socialmedian team. Job well done!! Looking forward to what you and XING have in store for us in 2009 :)
Reply


Euskir,
Dec 20, 2008
@vincenzorisi Yes', I'm agree, and I don't like too much the way XING works, beucase I can see a different format on the future for Social Median, as XING, divided in free, and almost useless accounts, and premiun services you've got to pay for.
Reply


Jasongoldberg,
Dec 21, 2008
@euskir Give us a shot and a bit of time to show you what Xing + socialmedian can become.
Reply


Magitam,
Dec 21, 2008
@jasongoldberg - it'll be interesting to see how the relationship works.. I've got german friends who swear by Xing, I personally don't think it works so well - perhaps this'll be a good thing? I hope so.. Would be a shame to take all the success of social median, and lose it in the germanness of Xing..
Reply


Bluelectric,
Dec 21, 2008
Congratulations! I think both sides will benefit from this - looking forward to seeing socialmedian features appear on Xing!
Reply


Euskir,
Dec 21, 2008
@jasongoldberg of course, I was talking from my perspective, but I know that sometimes that kind of merge bewteen companies can be useful to "correct" the mistakes from the past companies policies, I wish your company and XING find success, for the companies, but also for the users from its services.
Reply


Terrin Tokyo,
Dec 21, 2008
congratulations! I really enjoy being here.
Reply


Gautam,
Dec 21, 2008
@jasongoldberg great news! So all the Indian team will continue to be in Pune and you'll be at Hamburg? Awesome!
Reply


Zglows,
Dec 21, 2008
congrats!
Reply


Puffaddering,
Dec 22, 2008
Well done
Reply


Ex Modia,
Dec 22, 2008
Well, I think there is some level of apprehension about what this might mean to the users of social median. However, we will have to wait and see.
Reply


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