San Francisco
– Seesmic, the provider of a social networking application that integrates
Twitter and Facebook feeds, announced on Monday in a blog post that it has
acquired Ping.fm, a provider of social network aggregation that lets users
update up to 50 social networks at once.
Financial terms of the transaction
were not disclosed.
San Francisco-based Seesmic said that Ping.fm angel investors
Joi Ito, Reid Hoffman and Mohamed Nanabhay will become shareholders in the
company.
Ping.fm co-founders, Adam Duffy and Sean McCullough will join the
Seesmic team and work to integrate Ping’s features
into the Seesmic platform.
Ping.fm currently counts over 500,000 active users, who
post more than 200,000 updates daily on the service.
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