Xing

  • LinkedIn Competitor XING Buys Glassdoor-like Startup Kununu For $12.3M, But Will It Fare Well?

    LinkedIn Competitor XING Buys Glassdoor-like Startup Kununu For $12.3M, But Will It Fare Well?

    The German market for startups never ceases to amaze me. While many European startups struggle with either internal markets that are too small or international markets that are pretty daunting, the German ecosystem rattles along pretty well, given that with Germany, Austria and Switzerland you have a potential market of about 100 million German-speaking consumers. Thus it is that a small… Read More

  • Business-Focused Social Network XING Announces Dividend Of €0.56 Per Share; Total Payout Around €3 Million

    Business-Focused Social Network XING Announces Dividend Of €0.56 Per Share; Total Payout Around €3 Million

    XING, a social network for business professionals, is the latest to hop on the dividend train. The company announced this morning that, following a meeting of the XING AG Executive Board, the company has approved its first-ever payment of a dividend. XING shareholders are now entitled to receive a dividend of €0.56 per share on June 15, 2012, which equates to a total dividend payment of… Read More

  • Xing waves adios to Spain… and Turkey


    Last night we received news of what today is now official: After three years in Spain, the European business social network Xing is waving goodbye and puling operations back to its German headquarters, which now becomes its sole base. The same applies in regard to Turkey. While at first glance the news may come as a surprise, many say that they saw it coming, with little activity generated… Read More

  • The German connection: XING buys Amiando for up to 10.3 million euros

    Germany-based business social networking site XING is acquiring also Germany-based online event management and ticketing services company Amiando, we’ve just learned. XING is paying 5.1 million euros initially, and an additional payment of up to 5.25 million euros will be made on March 31, 2013, provided various conditions are met (such as the current management team remaining within… Read More

  • European M&A News: XING Buys Amiando For Up To €10.3 Million

    Germany-based business social networking site XING is acquiring also Germany-based online event management and ticketing services company Amiando, we’ve just learned. XING is paying 5.1 million euros initially, and an additional payment of up to 5.25 million euros will be made on March 31, 2013, provided various conditions are met (such as the current management team remaining within… Read More

  • Social network for business XING hits 10 million members

    XING, the European social network for business professionals, has recently passed the ten million registered user mark (even if it still advertises 9 million members on its main website). The publicly-listed company says the second quarter of this year proved to be XING’s most successful period of member growth in the last 15 months. Read More

  • European LinkedIn Rival XING Hits 10 Million Users

    XING, the European social network for business professionals, has recently passed the ten million registered user mark (even if it still advertises 9 million members on its main website). The publicly-listed company says the second quarter of this year proved to be XING’s most successful period of member growth in the last 15 months. Read More

  • LinkedIn reaches 1 million users in Spain, competitors keep up the pressure


    LinkedIn has announced that its reached 1 million users in Spain. That’s 1 million out of 16 million users in Europe, a market that clearly important to the company, having opened offices in the UK in 2008 and a follow-up office in Holland for Continental Europe. The company claims that 15% of Spanish professionals are now using LinkedIn, with the majority coming from Madrid and… Read More

  • Xobni launches German version, partners with XING

    Xobni, the popular Outlook plug-in for searching and managing contacts in Microsoft Outlook, is launching a German verion. It makes sense. German speakers are their second biggest set of users according to the company. The move is the first in a wave of internationalization the startu is planning in the near future. Read More

  • XING posts positive financials as online business networking goes mainstream

    Europe’s main LinkedIn competitor XING, has released a financial update which is overall positive. In the first quarter, the publicly floated XING AG posted net income of €1.3 million. The start of 2010’s financial year has seen the site generate revenues of €12.60 million in Q1, a 17 percent increase over figures for the same period last year (€10.75 million). This equated… Read More

  • LinkedIn competitor Viadeo hits 30 million members

    Viadeo, the social network for professionals, has reached somewhat of a milestone today, claiming 30 million members. It competes directly with the likes of Germany’s Xing and Silicon Valley heavyweight LinkedIn, which claims 65 million users. To put Viadeo’s growth into context, however, when we reported on the company’s latest funding round in July 2009, it could only boast… Read More

  • Xing grows revenue while profit falls – and no LinkedIn takeover likely

    [Germany] Hamburg based business social network Xing, similar to LinkedIn in Europe, continued to grow revenue and EBIDTA in the first nine months of 2009 while profits were smaller than last year. Total revenues from January to September amounted to €33.2 million – or $49 million – up 32 percent from the same period last year (€25.1 million). But the cumulative group profits… Read More

  • Xing To Give Up China And Make Way For LinkedIn In The US?

    LinkedIn has bolstered its position as America’s leading business social network by the month lately, with Germany-based Xing as the only company regarding itself a worthy competitor in the last few years. But now those days seem to be over – in the US and China, at least. Today German newspaper Hamburger Abendblatt published an interview [GER] with Xing CEO Stefan Groß-Selbeck… Read More

  • Socialmedian Returns As Xing News

    We recently covered socialmedian, which late last year was acquired by European business social network XING, when they introduced a nifty application on the Facebook platform that allowed its users to share personalized news from across the web with their social graph. As of today, XING users can install the first two applications on its OpenSocial-driven platform: one (Xing News) takes… Read More

  • Socialmedian Makes It Easy For You To Spread Social News On Facebook

    Socialmedian just made an interesting announcement about connecting its services to Facebook in a big way. As of about an hour ago, you can log in and participate on socialmedian with Facebook Connect, which is a noteworthy move considering the fact that socialmedian was recently acquired by European business social networking service Xing, news we broke in December last year. Socialmedian… Read More

  • European Business Social Network XING Acquires socialmedian (Update: For $7.5 Million)

    Hamburg, Germany based XING, a global professional social network that’s strong in Europe, has acquired New York based socialmedian for an undisclosed amount approximately $7.5 million in total, a mix of $4 million in cash up front and an earn-out valued at between $700,000 to $3.5 million (€0.5 million-€2.5 million) payable over three years. Socialmedian’s founding CEO… Read More

  • Xing's CEO Lars Hinrichs Steps Down, Denies LinkedIn Is Getting Any "Real Traction" In Europe

    Germany-based business networking service Xing today announced its CEO Lars Hinrichs will step down and be replaced by Ebay Germany head Stefan Gross-Selbeck effective January 15, 2009. Hinrichs founded the company in 2003 and led it to an IPO three years later at the Frankfurt Stock Exchange where the market cap is currently hovering at around $182 million. He will join Xing’s… Read More

  • New technology lets visually impaired people sing karaoke, too

    Two companies from the motherland of Karaoke, Japan, partnered up to develop a new Karaoke system that is tailor-made to meet the demands of the blind and visually impaired. Tokyo-based Nippon Telesoft and Xing from Nagoya will release the machine this fall. It’s Japan-only at this point but Nippon Telesoft has set up a dedicated English homepage for the product (which means a lot here… Read More

  • Xing Acquires Turkish Networking Site Cember.net

    Xing has acquired leading Turkish business networking site Cember.net. Cember.net is said to be the biggest business networking site in Turkey with over 280,000 members. The site is ranked at 117 in Turkey according to Alexa. Xing said it would use the acquisition to strength its penetration into Turkey, “one of Europe’s fastest growing economies.” Çağlar Erol and Nihan… Read More

  • Plaxo's For Sale

    Plaxo, the Sequoia-backed start that transformed itself from a hated spam monster into a mild mannered and interesting business social network, has started a sale process according to a source. They’ve hired an investment bank, Revolution Partners, who are spearheading the sale effort. We do not know what price Plaxo is looking for. The company has raised $28.3 million to date over… Read More