ONESite, a profitable white-label social networking platform, purchased Social Platform in what Social Platform CEO Eric Schlissel calls the beginning of the end for the more than 30 players making such software. “I think a lot of companies will go out of business and will consolidate along a few key players,” Schlissel said. Terms were undisclosed, but with ONESite making $5 million last year as a dominant player, and Schlissel starting Social Platform on a $10,000 personal investment, we’re thinking scratch-off winnings rather than MegaMillions.
Social Platform Shakeout Begins —
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9 comments so far
7:36 AM PT
[...] the recent acquisition of Anywhere.fm by Imeem as a good example.” See more at Mashable!; GigaOm and press release at ONESite’s [...]
9:12 AM PT
scratch-off winnings? why don’t you just say it, Stacey: chump change :-)
9:54 AM PT
I am hoping someone can help me out. I read a great article about the future of social marketplaces. The author had come up with an equation of sort to represent the components of a future social network. Does anyone happen to know where I can find this article on GigaOM…I have tried searching to no avail.
Thanks.
10:51 AM PT
Big revelation, duh!
How many YASN duplicate models can an industry support, especially in a softening economy? And, why did the VC’s hand out so much cake?
10:52 AM PT
@HAk the man is Adrian Chan @ gravity7.com he is now a senior fellow at the Society for New Communications Research,
11:38 AM PT
@Alan
The problem with VCs, they really believe their investment is the one which is going to pan out. its always the case with hot tech trends. ATM, optical, DSL and Social Networks. Its the same story all the time.
2:51 PM PT
[...] ONEsite buys SocialPlatform [...]
5:58 AM PT
[...] Sunday, March 2, 2008 at 5:58 AM PT Comments (0) In a deal that highlights the fledgling consolidation in the social software space, Mzinga has taken Prospero Technologies as its lawful acquisition, along with $27.5 million [...]
11:33 AM PT
[...] a buyout, it’s time to consider reality. You could always try your hand as an ad network or merge with a competitor, but more than likely it’s time to sell that domain name and user base on eBay or quietly [...]
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