The professional social network Xing has acquired the US company Socialmedian, one of the leading developers in the field of online news networks. The network will now integrate business news into its platform.
Socialmedian has a news aggregator that manages bc data vietnam more than 19,000 content sources. The news is rated by members of the social network. All users can publish news on the network and these are ranked based on user ratings.
Socialmedian founder and CEO Jason Goldberg will become Vice President of Xing Applications Platform. He will be responsible for establishing new global partnerships with app developers and content providers to integrate their services into Xing .
Xing has paid 2.9 million euros for Socialmedian, plus a stake of up to 2.5 million euros in potential profits over the next three years.