Xing has acquired leading Turkish business networking site Cember.net. Cember.net is stated to be the biggest business networking site in Turkey with over 280,000 members. The site is ranked at 117 in Turkey according to Alexa. Xing stated it would use the acquisition to strength its penetration into Turkey, “one of Europe’s fastest growing economies.” Çağlar […]

Xing has acquired leading Turkish business networking site Cember.net.

Cember.net is said to be the biggest business networking site in Turkey with over 280,000 members. The site is ranked at 117 in Turkey according to Alexa.

Xing stated it would use the acquisition to strength its penetration into Turkey, “one of Europe’s fastest growing economies.” Çağlar Erol and Nihan Colak Erol, the founders of Cember.net, will stay on with Xing to support the Turkish-speaking Xing community with a small team based in Istanbul.

The price of the acquisition wasn’t disclosed.

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Via [TechCrunch]

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This entry was posted on Saturday, January 26th, 2008 at 12:14 am and is filed under Company and Industry News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.