It´s a deal! We’ve just announced the purchase of NY-based socialmedian Inc., a leading innovator in the online news industry. For XING it´s a huge technological jump as it enables the integration of business news into our network.

socialmedian_logoWhy do we think that socialmedian is a perfect fit for XING? Here´s why: 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 veritable flood of information. The consequence: Time-strapped professionals are forced to parse through numerous news sources for relevant information and sort, organize, and share stories on their own.

jason1

Jason Goldberg, new VP XING Applications Platform

Thanks to socialmedian you can save the little time you have. Socialmedian gathers information from about 19,000 sources, including social media services such as Digg, Delicious, Twitter, Flickr, YouTube, Google Reader and many, many more. Socialmedian then filters your news through your social networking contacts. That means you get the news you´re looking for, the news that fit your interests and your passions. And it doesn´t stop there: Due to it´s intelligent custom filter technology socialmedian isn´t just for the individual member. Just think of all the ways it can help boost business for your groups, your events as well as for the company you work for.

On top of this great news Jason Goldberg, socialmedian´s founder and CEO, is going to join us at our headquarters in Hamburg. Jason is a pioneer in the Internet business, he founded the career development website Jobster in 2004 and headed the company as CEO. Now in his new role of VP XING Applications Platform Jason will be responsible for managing global partnerships for application developers and content providers to connect with our XING network.

We cannot wait for Jason to join our team and see how the innovative socialmedian technology becomes an integral part of XING! A big thanks to the deal team: Burkhard, Jackson, Johannes & Julian and everybody else who supported in this process.


Trackback from http://www.sichelputzer.de/2008/12/19/xing-holt-sich-socialmedian/

[...] Hinrichs gab es höchst persönlich in Twitter und im net.work.xing-Blog bekannt: XING, das Social Network für Businesskontakte, holt sich socialmedian. Der aus [...]

XING holt sich socialmedian | Telagon SichelputzerRead more in

Recorded on 19.12.2008 at 09:36h CET

Trackback from http://facereviews.com/2008/12/19/social-median-aquired-by-xing-of-germany/

[...] can read more on the XING blog Share this [...]

FaceReviews: Facebook News, Application Reviews and Social NetworksRead more in

Recorded on 19.12.2008 at 10:08h CET

Trackback from http://lumma.de/2008/12/19/xing-kauft-socialmedian/

[...] was nicht schwer fällt, weil die mir eh nie was erzählen, aber vor allem, weil das in der Tat ein A Natural Fit werden kann und XING dort verstärkt, wo es aktuell noch eher schwach ist: dem Abbilden des [...]

XING kauft socialmedianRead more in

Recorded on 19.12.2008 at 10:08h CET

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

[...] led it to an IPO three years later at the Frankfurt Stock Exchange, stepping down. He still got to announce the news, though: Why do we think that socialmedian is a perfect fit for XING? Here´s why: In [...]

European Business Social Network XING Acquires socialmedianRead more in

Recorded on 19.12.2008 at 10:19h CET

Trackback from http://www.thebetanews.com/socialmedian-purchased-by-xing/

Socialmedian Purchased By Xing…

This just in: European Xing has bought American Socialmedian!
I’m so proud. It doesn’t happen very often that a European company buys an American. This will definitely help the European social network, Xing expand their business in Europe a…

The Beta NewsRead more in

Recorded on 19.12.2008 at 10:22h CET

Trackback from http://www.virtual-insanity.com/2008/12/19/xing-schluckt-socialmedian/

[...] den, in New York ansässigen  “Social News Service” Socialmedian Inc. ein. Auf dem Xing Blog heißt [...]

Xing schluckt Socialmedian | Virtual InsanityRead more in

Recorded on 19.12.2008 at 10:42h CET

Trackback from http://blog.sympra.de/2008/12/19/xing-gibt-gas/

[...] Wechsel in der Chefetage geht es bei Xing jetzt rasch weiter mit den Veränderungen: Durch die Übernahme der New Yorker Firma socialmedian soll das Hamburger Social Network zurück an die Speerspitze [...]

Xing gibt Gas | Sympra Public Relations BlogRead more in

Recorded on 19.12.2008 at 10:51h CET

Trackback from http://iwatchblog.com/2008/12/19/xing-kauft-new-yorker-socialmedian/

[...] A Natural Fit: Socialmedian Joins XING [Xing] [...]

Xing kauft New Yorker Socialmedian | iWatchBlogRead more in

Recorded on 19.12.2008 at 11:17h CET

Trackback from http://regulargeek.com/2008/12/19/finally-someone-acquires-socialmedian/

[...] surprised that it really took this long. The official press release, the socialmedian blog and the XING blog do not list any details of the purchase except that the socialmedian team is joining XING. Jason [...]

Finally Someone Acquires SocialMedian | Regular GeekRead more in

Recorded on 19.12.2008 at 11:44h CET

Trackback from http://blog.webmaster-homepage.de/item/2311

[...] Xing bekannt gibt, hat das Business-Netzwerk die Social Media Plattform Socialmedian gekauft. Ein interessanter [...]

Webmaster Blog | Xing kauf SocialmedianRead more in

Recorded on 19.12.2008 at 12:10h CET

Trackback from http://socialmediainfluence.com/2008/12/19/facebook-and-linkedin-face-competition-from-xing/

[...] the social network for professionals that has quite a lot of traction in Europe, has announced its purchase of socialMedian, a social news aggregator startup which came out of private beta just a few months [...]

Facebook and LinkedIn face competition from Xing | socialmediainfluence.comRead more in

Recorded on 19.12.2008 at 12:17h CET

Trackback from http://techwag.com/index.php/2008/12/19/that-was-quick-social-median-sells-to-xing/

[...] Unfortunately no dollar amounts are in the news release, it would be interesting to see what the final dollar amount is, mostly because of the down economy, and watching valuations go through the floor, like face book’s valuation going from 15 billion to 2 billion dollars. Why do we think that socialmedian is a perfect fit for XING? Here´s why: 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 veritable flood of information. The consequence: Time-strapped professionals are forced to parse through numerous news sources for relevant information and sort, organize, and share stories on their own. Xing Blog [...]

TechWag » That was quick Social Median sells to XingRead more in

Recorded on 19.12.2008 at 12:55h CET

Trackback from http://www.82123.net/windowseuropean-business-social-network-xing-acquires-socialmedian-update-for-5-million

[...] led it to an IPO three years later at the Frankfurt Stock Exchange, stepping down. He still got to announce the news, though: Why do we think that socialmedian is a perfect fit for XING? Here´s why: In [...]

windowsEuropean Business Social Network XING Acquires socialmedian (Update: For .5 Million) | 82123Read more in

Recorded on 19.12.2008 at 13:11h CET

Trackback from http://datazilla.uni.cc/2008/xing-acquires-socialmedian/

[...] what does this mean for XING? According to XING CEO Lars Hinrichs, Socialmedian promises to make XING’s network of business people more successful – by saving [...]

XING Acquires SocialmedianRead more in

Recorded on 19.12.2008 at 13:11h CET

Trackback from http://www.fidicaro.net/?p=1503

[...] led it to an IPO three years later at the Frankfurt Stock Exchange, stepping down. He still got to announce the news, though: Why do we think that socialmedian is a perfect fit for XING? Here´s why: In [...]

European Business Social Network XING Acquires socialmedian (Update: For $7.5 Million) | Fidicaro.netRead more in

Recorded on 19.12.2008 at 14:15h CET

Trackback from http://www.ajaxgirl.com/2008/12/19/european-business-social-network-xing-acquires-socialmedian-update-for-75-million/

[...] led it to an IPO three years later at the Frankfurt Stock Exchange, stepping down. He still got to announce the news, though: Why do we think that socialmedian is a perfect fit for XING? Here´s why: In [...]

Ajax Girl » Blog Archive » European Business Social Network XING Acquires socialmedian (Update: For $7.5 Million)Read more in

Recorded on 19.12.2008 at 14:39h CET

Trackback from http://code.ernewein.org/?p=41

[...] led it to an IPO three years later at the Frankfurt Stock Exchange, stepping down. He still got to announce the news, though: Why do we think that socialmedian is a perfect fit for XING? Here´s why: In [...]

European Business Social Network XING Acquires socialmedian (Update: For $7.5 Million) | code.ernewein.orgRead more in

Recorded on 19.12.2008 at 17:50h CET

Trackback from http://jp.techcrunch.com/archives/20081219european-business-social-network-xing-acquires-socialmedian/

[...] ドイツ、ハンブルグに本拠を置く、ヨーロッパに強い国際的ビジネス・プロフェッショナル向けSNS、XINGがニューヨークのスタートアップ、socialmedianを 金額は不明だが 総額約$7.5M(750万ドル)で買収した。内訳は$4M(400万ドル)のキャッシュの支払いに加えて、3年分割払いの$700,000(70万ドル)から最大$3.5M(350万ドル)((€0.5Mから€2.5M)に上るアーンアウト〔今後の営業成績に応じたボーナス〕。Socialmedianのファウンダー、CEO、Jason Goldbergはドイツに赴任してXINGにアプリケーション・プラットフォーム担当副社長として加わる。同時にsocialmedianの全チームもXINGに統合される。Socialmedianは基本的にユーザー別にカスタマイズできるニュースフィルタで、SNSプラットフォームと親和性が高いのが特長だ。このサービスは、ユーザーの設定したトピックに応じて、ウェブサイト、ブログに加えて、Digg、Delicious、Twitter、Flickr、Facebook、YouTube、GoogleReader、FriendFeedのようなソーシャル・メディアから情報を収集してくる。ユーザーは、事前に収集したいニュースのキーワードとジャンルを設定しておく。同時にブックマークレットを利用してこれらのサイトへ記事の投稿もできる。記事は時系列でもsocialmedian内の人気の順でも表示できる。このスタートアップは個人投資家とWashington Post社からのわずか$560,000(56万ドル)のシード資金で立ち上げられた。つまり、今回の買収はそれらの投資家にとっては大成功を意味する。約3週間前、われわれはXINGを2003年に創立し、3年後にフランクフルト証券取引所に上場させることに成功したCEO、Lars Hinrichが辞任する予定だと報じた。しかし、今回のニュースの発表は依然Hinrichによって行われた。SocialmedianがXINGにとって理想的な相手だと考えた理由はこうだ。ビジネスの成功は、適切な情報を適時に得られるかどうかにかかっている。情報のスピードと量はインターネットの登場によって爆発的に増大した。伝統的なメディアにブログ、Twitterメッセージ、ビデオのようなユーザー生成 タイプのソーシャル・メディアが加わって毎日のニュースが構成されるようになった。文字通り情報の洪水が起きているといってよい。その結果、それでなくても多忙なプロフェッショナルが、関連ある情報を見つけ出すために膨大なニュース・ソースを当り、分類し、整理し、さらには同僚と共有することを強いられている。短期的にみれば、この買収はXINGのSNSにビジネス・ニュース収集機能を付け加え、同時にこの分野で知識と経験のある人材を雇い入れたものといえるだろう。しかし同時に、XINGは、世界的に急速に拡大を続けているLinkedInとFacebookに対して、プロフェッショナル向けSNSの分野では簡単に降伏はしないという決意を表明したことにもなる。今回XINGのアプリケーション・プラットフォーム部門を率いることになったGoldbergは以前のJobsterのCEOでもある。おそらく彼はまったく新しい事業部を立ち上げ、LinkedInとFacebookの得意分野に食い込んでいくことなるだろう。すなわち、サードパーティーのアプリケーションのデベロッパーとコンテンツのソースをXINGプラットフォーム上でを結びつけるシステムの開発だ。XINGにおけるGoldbergの最初の仕事は、XINGのOpenSocial(来春に予定されている)の実現の監督になるはず。その後は、XING’のメンバーにプロフェッショナルなレベルでの付加価値の提供を目指して、各種サービス・プロバイダとの戦略的提携をとりまとめるのが任務になるだろう。公開企業であるXINGは、現在700万近いユーザー(2007年の480から急増)を擁している。うち51万はネットワーク機能をフルに利用するために年間約$90の会費を払っている。XINGのキャッシュフローはローンチ後わずか3ヶ月で黒字化を達成しており、新規上場後は7四半期にわたって売り上げ高と利益の記録を塗り替えてきた。今年1月から9月にかけての売り上げ高は$32M(3200万ドル)に上り、2007年の通年の額に比べて28%のアップとなっている。余談だが、この買収交渉がTwitter上で行われたのなら面白いのだが。なんの話かって? こちらを読んで欲しい。.CrunchBase InformationXINGInformation provided by CrunchBaseCrunchBase InformationSocial MedianInformation provided by CrunchBase[原文へ](翻訳:Namekawa, U) ShowListings(“arc3″); ShowListings(“arc2″); AddClipsUrl = ‘http://jp.techcrunch.com/archives/20081219european-business-social-network-xing-acquires-socialmedian/’; AddClipsTitle = ‘EUのビジネスSNS、XINGがsocialmedianを買収(アップデート:$7.5Mと判明)’; AddClipsId = ’2CBE02C952CFE’; AddClipsBcolor=’#78BE44′; AddClipsNcolor=’#D1E9C0′; AddClipsTcolor=’#666666′; AddClipsType=’1′; AddClipsVerticalAlign=’middle’; 前の投稿へ トラックバック [...]

EUのビジネスSNS、XINGがsocialmedianを買収(アップデート:$7.5Mと判明)Read more in

Recorded on 19.12.2008 at 18:11h CET

Trackback from http://www.82123.net/get-ready-to-european-business-social-network-xing-acquires-socialmedian-update-for-5-million

[...] led it to an IPO three years later at the Frankfurt Stock Exchange, stepping down. He still got to announce the news, though: Why do we think that socialmedian is a perfect fit for XING? Here´s why: In [...]

Get Ready To European Business Social Network XING Acquires socialmedian (Update: For .5 Million) | 82123Read more in

Recorded on 19.12.2008 at 20:00h CET

Trackback from http://www.82123.net/free-downloadeuropean-business-social-network-xing-acquires-socialmedian-update-for-5-million

[...] led it to an IPO three years later at the Frankfurt Stock Exchange, stepping down. He still got to announce the news, though: Why do we think that socialmedian is a perfect fit for XING? Here´s why: In [...]

free downloadEuropean Business Social Network XING Acquires socialmedian (Update: For .5 Million) | 82123Read more in

Recorded on 19.12.2008 at 23:24h CET

Trackback from http://buzzmag.cz/xing-koupil-socialmedian-z-new-yorku-za-75-mil-usd-19-12-2008/

[...] XING dnes oznámil “nákup NY-ského socialmedian Inc., vůdčího inovátora v průmyslu online [...]

XING koupil Socialmedian z New Yorku za 7,5 mil. USDRead more in

Recorded on 19.12.2008 at 23:52h CET

Trackback from http://www.sustainabilityforum.com/forum/lazy-cafe/3551-xing-network-acquires-social-news-site-socialmedian-com.html

XING Network acquires social news site Socialmedian.com…

Some interesting news related to business social networking. Hamburg Germany based XING global professional social network has aquired New York based socialmedian.

Link to article —> European Bu……

SustainabilityForum.Com - Your Global Sustainability Community!Read more in

Recorded on 20.12.2008 at 02:41h CET

Trackback from http://www.82123.net/internet-newseuropean-business-social-network-xing-acquires-socialmedian-update-for-5-million

[...] led it to an IPO three years later at the Frankfurt Stock Exchange, stepping down. He still got to announce the news, though: Why do we think that socialmedian is a perfect fit for XING? Here´s why: In [...]

Internet newsEuropean Business Social Network XING Acquires socialmedian (Update: For .5 Million) | 82123Read more in

Recorded on 20.12.2008 at 06:04h CET

Trackback from http://www.82123.net/update-newseuropean-business-social-network-xing-acquires-socialmedian-update-for-5-million

[...] led it to an IPO three years later at the Frankfurt Stock Exchange, stepping down. He still got to announce the news, though: Why do we think that socialmedian is a perfect fit for XING? Here´s why: In [...]

update newsEuropean Business Social Network XING Acquires socialmedian (Update: For .5 Million) | 82123Read more in

Recorded on 20.12.2008 at 09:22h CET

Trackback from http://www.82123.net/software-updateeuropean-business-social-network-xing-acquires-socialmedian-update-for-5-million-4

[...] led it to an IPO three years later at the Frankfurt Stock Exchange, stepping down. He still got to announce the news, though: Why do we think that socialmedian is a perfect fit for XING? Here´s why: In [...]

software updateEuropean Business Social Network XING Acquires socialmedian (Update: For .5 Million) | 82123Read more in

Recorded on 20.12.2008 at 12:50h CET

Trackback from http://www.82123.net/how-to-european-business-social-network-xing-acquires-socialmedian-update-for-5-million-2

[...] led it to an IPO three years later at the Frankfurt Stock Exchange, stepping down. He still got to announce the news, though: Why do we think that socialmedian is a perfect fit for XING? Here´s why: In [...]

How to European Business Social Network XING Acquires socialmedian (Update: For .5 Million) | 82123Read more in

Recorded on 20.12.2008 at 12:51h CET

Trackback from http://sekipcangokalp.com/2008/12/xing-socialmediani-neden-satin-aldi/

[...] bloğunda belirtilen en önemli sebep iş adamlarının dar vakitlerinde isabetli filtrelenmiş haberler almalarına [...]

Xing socialmedian’ı neden satın aldı? | Şekip Can GökalpRead more in

Recorded on 22.12.2008 at 09:55h CET

Trackback from http://www.thestrategyweb.com/xing-expandiert-und-schnappt-sich-socialmedian

[...] einem Überraschungs-Coup eröffnet der XING Blog seinen Businesstag und gibt die Fusion mit Socialmedian bekannt. Die Pressemitteilung auf der XING [...]

XING expandiert und schnappt sich Socialmedian : The Strategy WebRead more in

Recorded on 28.12.2008 at 16:30h CET

Trackback from http://www.manuprasad.com/?p=2154

[...] had said that Social Median, with its news gathering (from 19000 sources) and custom filtering was a perfect fit for Xing. I couldn’t agree more. The value it could add to the individual and the groups he/she is [...]

Just Business? | b r a n t sRead more in

Recorded on 02.04.2009 at 05:56h CET

20
Comments
Leave a comment
Manuel on 19.12.2008 at 10:01h CET

Great. The acquisition makes sense and I think it is a clever move to enhance the Xing experience and add more value to the network.

I love Xing because it has a clear focus and a pretty intuitive and clean interface. I just hope that the Xing interface won’t be too cluttered after the integration…

Nikki Pilkington on 19.12.2008 at 10:06h CET

That’s great news – well done to all concerned – Social Median is a fantastic tool, and integrating it into Xing can only make Xing even better!

Dennis Bjørn Petersen on 19.12.2008 at 10:26h CET

Congratulations Xing!

Jason Goldberg: Welcome to Europe. Remember to go and see a soccer match. AOL Arena has a great atmosphere and HSV have some of the most enthusiastic fans.

http://www.thebetanews.com/socialmedian-purchased-by-xing/

Jim Wilkerson on 19.12.2008 at 10:32h CET

Great marriage! There’s a high quality and innovation compatibility / similarity that’s incredible. Looking forward to watching it progress

Karsten Kneese on 19.12.2008 at 11:18h CET

Congratulations! This sounds very promising and I’m really looking forward to see how things will turn out. Now I’m going to wear my socialmedian t-shirt with even more proud. =)

Sarik on 19.12.2008 at 13:50h CET

Another very smart move, congratulations, Lars, you keep surprising us!

Andrey Golub on 19.12.2008 at 14:42h CET

CONGRATULATIONS GUYS- to the both parts! :)
Italy is waiting for the official opening of Xing office (in Jan/09, right?)!

regards, Andrey Golub
http://www.milanin.com/members/andrey.golub/

Johannes F. Woll on 19.12.2008 at 16:36h CET

community plus content, what a great merger. Most publishers tried this and lost profit, Xing will generate new one. I belive in this deal!

Natali Yesilbahar on 21.12.2008 at 00:01h CET

That’s great news!
Brillant move, congratulations.

Derek on 27.02.2009 at 19:53h CET

good choice xing… i like this product

DJ on 17.03.2009 at 03:54h CET

Can’t wait to get these features from social median here

Tim on 28.05.2009 at 08:47h CET

I can’t log in and need to contact the company. The automatic system to write for help says my e-mail address is invalid and it won’t send my help message, but my e-mail address is correct. Does anyone have an e-mail address where I can write someone at Xing for help? Thanks, Tim S.

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Due to it´s intelligent custom filter technology socialmedian isn´t just for the individual member. Just think of all the ways it can help boost business for your groups, your events as well as for the company you work for.

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