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 startup… → Read More
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 about… → Read More
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 by… → Read More
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 the company… → Read More
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 the company… → Read More
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
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 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 Barcelona… → Read More
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
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 to equating to… → Read More
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 8.5 million users… → Read More
[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 were lower… → Read More
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 (who recently… → Read More
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 the… → Read More
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 is… → Read More
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 Jason Goldberg is… → Read More
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 supervisory… → Read More
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 in… → Read More
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 Colak… → Read More
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 four… → Read More
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. → Read More
Update: I spoke with Plaxo CEO Ben Golub and a spokesperson from Xing this weekend. Both deny the deal, although Xing has other news later this week, they say. We are hearing a LOT of chatter about a possible Xing-Plaxo merger in the $250 million range. The deal makes some sense – newly public Xing is headquartered in Germany and hasn’t gotten much traction in the U.S. where it… → Read More
Last week we reported on Frazr, one of Germany’s many Twitter clones (if you’re eager for more side-by-side comparisons, see Sloggen, Wamadu, Faybl or 1you, which all launched in March or April). Frazr is symptomatic for the state of Web 2.0 in Germany and to get a better understanding for the many international developments, this post starts a series of regional profiles on Web 2.0 around the… → Read More
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