Corporate social networking application Visible Path is set for an acquisition soon. The term sheet has been signed and the acquirer, says the company, is a “multi-billion dollar international company with established sales and technology operations.” No word on the terms of the deal, but a worthwhile exit price would be high considering the $22.7 million already invested in the firm.
Visible Path differs from other business social networks like LinkedIn or Xing, by creating your social network out of your email inbox. The service is based on an Outlook plug-in that impressed us earlier because your connections are based on the frequency of your real interactions and not random friending or pokes. These relationships are mapped online and make up a directory of people you can search through by skill or relationship. It’s a useful feature that I imagine a service like the “email utility” Xobni implementing.
Visible Path never saw as great a level of adoption as LinkedIn, which launched around the same time and has effectively cinched the U.S. corporate social networking scene. Maybe their new partner will give them some much needed exposure.