I have been a user of Social Median for a while and I have found it quite useful for the past few months and have seen it gain traction in the past 2 months. Well, it just got an email from thier CEO a few minutes ago. It reads as follows.

“I am thrilled to announce that socialmedian is being acquired by XING of Hamburg, Germany.

This is great news for socialmedian’s members as XING is committed to growing and developing socialmedian both as a standalone service as well launching integrated socialmedian services on XING, one of the leading online business networks in the world.

The entire socialmedian team will be joining XING as part of the acquisition. I will be relocating to Hamburg, where I will lead up a major new initiative for XING, the XING Application Platform. In this new role, in addition to strengthening and enhancing the socialmedian service, I will also be responsible for managing global partnerships for application developers and content providers to connect with the XING network.

This is an awesome development for socialmedian. socialmedian delivers the news, filtered by your network. XING is one of the leading global online networks and is rapidly growing around the world with nearly 7 million members, up from 4.8 million in 2007. Together, socialmedian & XING will connect people with the people, information, and resources they need to get their jobs done, follow their interests, and pursue their passions.”

I wish them well as this site has some great news discovery value mashed with some Digg like functions and friend networks and multiple input points. Hard work, intelligence and great execution gets rewarded. Nice! You can read more on the XING blog

Share this on: