XING AG has purchased New York-based socialmedian Inc., a leading innovator in the social news industry. socialmedian.com allows you to get the news filtered by your social networks. Socialmedian originally debuted earlier this year grown very rapidly.
Socialmedian is a good fit for XING, a leading global online social network. Socialmedian’s founder and CEO, Jason Goldberg, will join XING in Hamburg, Germany in the newly created position of Vice President XING Applications Platform.
Over 6.5 million business professionals, managers, and experts use XING to keep track of information and updates in their social networks. Working with socialmedian, XING plans to launch several new innovations, including offering XING members custom filtered news.
Socialmedian delivers the news, filtered by your network. socialmedian’s mission is to help people discover the news and information they need to succeed at their jobs, pursue their passions and stay informed about the world around them. Since launching in August, socialmedian users have created more than 2500 topical news networks, ranging from iPhone to campaign 2008 to the global financial crisis, aggregating newsfeeds and user feeds from more than 19.000 sources with 800 new stories added every minute. The NY-based company was founded by former Jobster CEO Jason Goldberg and is currently backed by Washingtonpost. Newsweek Interactive and leading angel investors including Gordon Crovitz, former publisher of the Wall Street Journal, Reed Hundt, former FCC Chairman and Allen Morgan of the Mayfield Fund. For more information, please visit www.socialmedian.com.
XING is the leading network for business contacts in Europe. Far more than a directory of business contacts, XING makes your professional network an active part of your life, enabling members to discover professional people, opportunities and privileges through its unique discovery capability and advanced contact management tools. With the successful IPO of XING as the first Web 2.0 company to go public, XING AG has had a long-term impact on the social networking trend amongst professionals. By focusing on the target group ‘business people worldwide’, the company is able to offer tailored features, thereby making networking and contact management simpler. Besides Headquarters in Hamburg, XING AG is also represented with offices in Barcelona, Istanbul and Beijing. For more information about XING, go to www.XING.com.