« WebWag Acquires One Year Old Mobease | Main | Burda Takes Stake In SevenLoad »
March 26, 2007
Xing Now Speaks Spanish With eConozco Acquisition
One thing we've noticed over the years that we have been following him, is that Lars Hinrichs, founder of Open Business Club AG, the company behind XING, does what he says he is going to do.
He said a few months ago he wants to do an acquisition or two and he is doing it. An announcement today said Open Business Club has acquired eConozco, one of the leading Spanish contact networks for professionals, from Grupo Galenicom. It says eConozco is the second-largest Spanish contact network with approximately 150,000 members.
There was no disclosure on the price paid and the company will be run as a subsidiary until the transaction is completed, which will take about 12 months, said Open Business Club in a statement.
View Xing IR
Posted on March 26, 2007 08:29 PM | Posted to News And Updates | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/3871
