LinkedIn (LNKD) Acquires IndexTank
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LinkedIn (NYSE: LNKD) has acquired IndexTank.
Financial terms have not been disclosed.
From IndexTank's blog, written by CEO Diego Founder:
"When a company is thriving it’s not unusual to have acquisition conversations with bigger players. Some are casual or serendipitous. Part of the work of a BD team is to make contacts that can lead to business, partnerships or even mergers. IndexTank is an infrastructure company, so at first glance LinkedIn may not appear as the most obvious fit. When this conversation first took place I was mostly curious. Even though I was a very early adopter of LinkedIn, I didn’t know a lot about the company itself. When evaluating a company, one of my first instincts as the CEO of IndexTank has been to imagine how they could use our technology. Let’s first look at the two broad categories of customers we have thus far, I’d call them “entertainment” and “services.”"
Financial terms have not been disclosed.
From IndexTank's blog, written by CEO Diego Founder:
"When a company is thriving it’s not unusual to have acquisition conversations with bigger players. Some are casual or serendipitous. Part of the work of a BD team is to make contacts that can lead to business, partnerships or even mergers. IndexTank is an infrastructure company, so at first glance LinkedIn may not appear as the most obvious fit. When this conversation first took place I was mostly curious. Even though I was a very early adopter of LinkedIn, I didn’t know a lot about the company itself. When evaluating a company, one of my first instincts as the CEO of IndexTank has been to imagine how they could use our technology. Let’s first look at the two broad categories of customers we have thus far, I’d call them “entertainment” and “services.”"
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