Mzinga Takes Prospero: Another Social Marriage

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 in venture funding. Unfortunately the couple keeps the Mzinga name, which will be slapped on Mzinga’s efforts in external and internal corporate social networks. Mzinga focuses on building branded social sites within corporations, while 11-year-old Prospero focused on external sites for media players such as BusinessWeek, BabyCenter and iVillage. Terms of the deal were undisclosed.

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