Tuesday, December 04, 2007

News.com: Visible Path to be acquired

"While rumors swirl about acquisitions of popular social-networking sites, one deal has already happened: Visible Path, which makes social-networking tools for business users, is set to be acquired.
A company representative on Tuesday said that Visible Path has signed a term sheet with a multibillion international company to sell the firm. She said the service is expected to continue operating.

Visible Path's hosted service gives people a map of their contacts and their contacts' relationships, which its software automatically builds. It lets people search through that network.
Unlike many social-networking sites, Visible Path is not a separate destination. Its tools are meant to be used with other desktop applications.
The company was founded in 2002 and funded by Kleiner Perkins Caufield & Byers, Menlo Ventures, and Integral Capital Partners.
Rumors were circulating earlier this month that News Corp. was in negotiations to buy LinkedIn, a social network used by professionals. "

1 comment:

jane said...

Well there are so many rumors going on about Newscorp & Linkedin. I think Linkedin in itself is complete & established. It’s such a cool & professional business networking site which is getting popular amongst all the age group. Its even more popularized cause of this service MoDazzle through which you can access Linkedin on phone via sms without internet. So there's no need of Linkedin to let anyone acquire.