XING

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XING AG
Type Public, Aktiengesellschaft (AG), ISIN: DE000XNG8888, Symbol:O1BC.DE
Founded Hamburg, Germany (2003)
Headquarters Hamburg, Germany
Key people Dr. Stefan Gross-Selbeck, CEO, Eoghan Jennings, CFO, Burkhard Bluhm ([Executive Board])
Revenue € 25.09 million (QI-QIII 2008)
Website Xing.com
Alexa rank 268[1]
Type of site Professional network service
Registration Required
Available in Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Swedish, Turkish
Launched November 2003

XING (named openBC/Open Business Club until November 17, 2006) is a social software platform for enabling a small-world network for professionals. The company operating it claims that it is used by people from over 200 countries. Available languages include English, German, Spanish, Portuguese, Italian, French, Dutch, Chinese, Finnish, Swedish, Korean, Japanese, Russian, Polish, Turkish and Hungarian. By displaying how each member is connected to any other member, it visualises the small-world phenomenon.

The platform offers personal profiles, groups, discussion forums, event coordination, and other common social community features. Basic membership is free. But many core functions, like searching for people with specific qualifications or messaging people to whom one is not already connected, can only be accessed by the premium members. Premium membership comes at a monthly fee of 5 € (around 9 USD).[2] The platform uses https and has a rigid privacy and no-spam policy. Unlike many other networking websites, XING provides its paying members very easy email access to any members.

XING has a special Ambassador program for each city or region around the world with a substantial constituency. The Ambassadors hold local events that promote the use of social networking as a business tool, letting members introduce business ideas to one and other, and get to know each other on a personal level.

XING competes with the American platform LinkedIn for social networking among businesses. [3]

XING also offers the system for closed communities, called Enterprise groups with their own access paths and interface designs. The platform serves as the infrastructure for corporate groups, including IBM, McKinsey, Accenture and others.[4]


History

  • OPEN Business Club AG was founded in August 2003 in Hamburg, Germany as a German limited liability company by Lars Hinrichs and co-founder Bill Liao. The platform was officially launched on November 1, 2003.[5] It was renamed from OpenBC to Xing on November 17, 2006.
  • It gained much attention in German media and is widely used as a business network in German-speaking countries (DACH Region). Membership from other countries throughout Europe and the Far East helped the network platform grow to more than 1.5 million members in July 2006.[6]
  • In March 2007, Xing purchased the Spanish social networking business eConozco and intends to merge its members into Xing over the next 12 months.[7]
  • In June 2007, Xing purchased the Spanish social networking business Neurona. [8]. Neurona users were migrated to Xing on March 31, 2008.
  • In January 2008, Xing purchased the Turkish social networking business Cember. [9]. Cember.net users were migrated to Xing on July 26, 2008.
  • In March 2009, Xing opened offices in Italy.

IPO

The company went public (IPO) on December 7, 2006 with an issue price of 30 Euros. The Open Business Club Stock Ticker symbol is O1BC.DE and its ISIN number is: DE000XNG8888. XING became the first Web 2.0 company to go public in Europe.[10]

XING Mobile

Xing.com Mobile allows users to access some of its functions using a mobile phone, PDA or smartphone. Standards supported: HTML 3.2, XHTML MP 1.0, WML 1.1.

XING Plug-Ins

Xing.com Plugins are available for free download that allow contact synchronization with Lotus Notes, Microsoft Outlook, Windows Address Book and Outlook Express. It also allows manual CSV File import–export and has a Firefox search plug-in.

XING Premium (paid) services

The Xing.com openBC Premium Groups were developed for major global communities, from university and corporate alumni groups to leading business magazines and multinational organizations. This social software offering enables effective management and growth of existing communities within the professional context of openBC.

See also

References

  1. ↑ "xing.com - Traffic Details from Alexa". Alexa Internet, Inc. http://www.alexa.com/siteinfo/xing.com. Retrieved 2010-01-16. 
  2. ↑ Premium Account Upgrade, 2007-11-23
  3. ↑ Move Over Silicon Valley, Here Come European Start-Ups By John Markoff, 24/01/2007, The New York Times, USA
  4. ↑ LinkedIn takes on Xing, or the other way around! by Carsten Cumbrowski, January 29th, 2007, SearchEngineJournal.com
  5. ↑ Xing.com Q&A Question 2. When was the company founded?
  6. ↑ Süddeutsche Zeitung, 2006-07-12 (German)
  7. ↑ Xing buys Spanish business social network 27 March 2007, e-Consultancy.com
  8. ↑ Neurona Joins XING 22 June 2007, Xing.com
  9. ↑ Cember.net Joins XING 23 January 2008, Xing.com
  10. ↑ Web 2.0 company Xing raises €35.7 million in IPO by Graham Charlton, 12. Dec 2006, e-Consultancy.com

External links

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