XING

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XING AG
Type of businessAktiengesellschaft
Type of site
Professional network service
Available inSimplified Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Swedish, Turkish
Traded asFWB: O1BC
FoundedHamburg, Germany (2003)
HeadquartersHamburg, Germany
Key peopleStefan Gross-Selbeck (CEO), Neil Sunderland (Chairman of the supervisory board)
Revenue€54.3 million (2010)[1]
Operating income€11.5 million (2010)[1]
Profit€7.2 million (2010)[1]
Total assets€95.6 million (end 2010)[1]
Total equity€61.2 million (end 2010)[1]
Employees300 (average, 2010)[1]
URLwww.xing.com
RegistrationRequired
LaunchedNovember 2003

XING (named openBC/Open Business Club until 17 November 2006) is a social software platform for enabling a small-world network for professionals. The company claims that it is used by people from over 200 countries. Available languages include Dutch, English, Finnish, French, German, Hungarian, Italian, Japanese, Korean, Spanish, Polish, Portuguese, Russian, Simplified Chinese, Swedish and Turkish. By displaying how each member is connected to any other member, it visualizes 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 from 6.35 to 9.95 € depending on the billing interval you choose and the country you are from.[3] The platform uses https and has a rigid privacy and no-spam policy. 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 another, and get to know each other on a personal level.

XING competes with the American platform LinkedIn and the European Viadeo[4] for social networking among businesses.[5]

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.[6]

About 76% of all pageviews come from Germany, 90% from the D-A-CH area, Germany, Austria and Switzerland.[7]

History

  • OPEN Business Club AG was founded in August 2003 in Hamburg, Germany as a German limited liability company by Lars Hinrichs.[8] The platform was officially launched on 1 November 2003.[9] It was renamed from OpenBC to XING on 17 November 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.[10]
  • In March 2007, XING purchased the Spanish social networking business eConozco, intending to merge its members into Xing over the following 12 months.[11]
  • In June 2007, XING purchased the Spanish social networking business Neurona.[12] Neurona users were migrated to Xing on 31 March 2008.
  • In January 2008, XING purchased the Turkish social networking business Cember.[13] Cember.net users were migrated to Xing on 26 July 2008.
  • In October 2012 the German publisher makes a price of 44 € for a squeeze out.[14]

IPO

The company went public (IPO) on 7 December 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.[15]

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,[16] Windows Address Book and Outlook Express. It also allows manual CSV File import–export and has a Firefox search plug-in.

See also

References

  1. ^ a b c d e f "Annual Report 2010" (PDF). XING. Retrieved 19 November 2011.
  2. ^ "Xing.com Site Info". Alexa Internet. Retrieved 1 April 2014.
  3. ^ Premium Account Upgrade, 18 March 2014
  4. ^ The Economist Does local beat global in the professional-networking business?
  5. ^ Move Over Silicon Valley, Here Come European Start-Ups By John Markoff, 24 January 2007, The New York Times, USA
  6. ^ LinkedIn takes on Xing, or the other way around! by Carsten Cumbrowski, 29 January 2007, SearchEngineJournal.com
  7. ^ http://linkedinsiders.wordpress.com/2012/02/12/linkedin-the-next-big-xing-businessnetzwerke-in-deutschland-2012/
  8. ^ Lars Hinrichs on Twitter.com
  9. ^ Xing.com Q&A Question 2. When was the company founded?
  10. ^ Süddeutsche Zeitung, 2006-07-12 (German)
  11. ^ Xing buys Spanish business social network 27 March 2007, e-Consultancy.com
  12. ^ Neurona Joins XING 22 June 2007, Xing.com
  13. ^ Cember.net Joins XING 23 January 2008, Xing.com
  14. ^ http://in.reuters.com/article/2012/10/26/us-burda-xing-idINBRE89P08S20121026
  15. ^ Web 2.0 company Xing raises €35.7 million in IPO by Graham Charlton, 12. Dec 2006, e-Consultancy.com
  16. ^ Tutorial: Connecting Social Networks with Outlook (German)

External links

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