socialmedian: XING Acquires SocialMedian

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XING Acquires SocialMedian

Source: ReadWriteWeb

Dec 19, 2008

Summary

Socialmedian, a social news site designed to allow users to group around news networks, has been acquired by the German social network XING, a major international player with more than 6 million business users.

Clearly, this is a big win for Socialmedian, which only recently came out of private beta:

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"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."

But what does this mean for XING? According to CEO Lars Hinrichs, Socialmedian promises to make XING's network of business people more successful - by saving them time:

"In business success depends on access to the right information at the right time. Both the speed of information and the sheer volume of data have increased rapidly due to the rise of the internet. Traditional media companies, social media such as blogs, tweets, videos and other user-generated websites now provide daily news, leading to a veri ...Read the full article

Comments (21)

Rpetty,

Dec 19, 2008

@jasongoldberg Congratulations to you and all of the S|M team!

Jasongoldberg,

Dec 19, 2008

@rpetty Thanks Ryan, and thanks for helping us make it happen!

Michaelborst,

Dec 19, 2008

Like it !

Michaelfidler,

Dec 19, 2008

@jasongoldberg So when do you move, etc.

Jasongoldberg,

Dec 19, 2008

@michaelfidler I'm Hamburg now and will be fulltime in early 2009

Zionaetzion,

Dec 19, 2008

Congraltulations.

How does this affect the users of socialmedian?

Is there benefit to network on both sites?

Would love an answer to this..

Michaelfidler,

Dec 19, 2008

@jasongoldberg What kind of footprint does Xing have in the US? Where is there largest userbase located?

Jasongoldberg,

Dec 19, 2008

@zionaetzion we will continue to grow socialmedian as a standalone service. Expect the same pace of development on socialmedian you've come to expect.

We'll also be integrating a number of socialmedian-driven applications into the Xing user experience. More on this to come.

Michaelfidler,

Dec 19, 2008

@jasongoldberg I didn't see TechCrunch leak the story early. Good thing he gave everyone the heads up yesterday. Was that planned?

Jasongoldberg,

Dec 19, 2008

@michaelfidler Xing is largest in Germany, Turkey, Spain, France, Italy, and China.

You can see Xing vs. socialmedian in the U.S. by checking compete.com.

Jasongoldberg,

Dec 19, 2008

@michaelfidler ??? There were no leaks on the story. Everyone got it the same time today after Xing made the required stock market filings required as a public company.

Michaelfidler,

Dec 19, 2008

@jasongoldberg Mind if I post this on centernetworks?

Jasongoldberg,

Dec 19, 2008

@michaelfidler you know better than to draw me into that ....

Rpetty,

Dec 19, 2008

@michaelfidler I don't care who you are, that's funny!

Zionaetzion,

Dec 19, 2008

@jasongoldberg

Thanks for the prompt reply.

What benefits would I have by being on both Xing and Social Media...in other words how are they integrated and how will the use differ compared to the present exposure that I now enjoy both on Facebook as a social/business site and Linkedin as a business venue?

At a first glance the Xing site looks user friendly and gives clear explanations for the objectives of using the applications on the site. Allowing people to get maximum output at this site, getting to build real connections in the area they target.

I have in a short time come to understand my time spent at Socialmedian raises my awareness and knowledge of what is currently happening on the internet.

Scbalazs,

Dec 19, 2008

congrats to Jason and all of s|m

Jenniferl,

Dec 20, 2008

S|m is quick to work around and is quite new to me XING and meets it's objectives.

Saxonchap,

Dec 20, 2008

@jasongoldberg Many congrats old chap :)

Jenniferl,

Dec 21, 2008

Great plan all in all

Mott,

Dec 22, 2008

Sorry to join the celebration late @jasongoldberg, but well done. You have demonstrated well that focusing on the core, moving quickly and keeping cost in check lead to a path of sucess. Job well done, best of luck overseas.