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Xing Acquires Turkish Business Networking Site Cember.net

January 25th, 2008 by Social Guy

 

xing cember.gif

XING AG, the European market leader for business networking, has acquired Cember.net , the largest network for business contacts in Turkey. This is the third acquisition realized by XING AG in the last ten months, driving forward the Company’s course of consolidation in Europe following its takeover of the Spanish networks eConozco and Neurona.

This takeover also now marks XING out as the clear market leader providing online networking for business professionals in the Turkish-speaking world. cember.net currently has approximately 280,000 members who subscribe to the network either for free or on a fee-paying basis.

“We view Turkey as being one of Europe’s fastest growing national economies. As well as proving a profitable company, Cember.net has the key advantage of already being an established brand within Turkey. We are looking forward to working together to further build on our market leadership in Europe and our presence in Turkey,” said Lars Hinrichs, Founder and CEO of XING AG.

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