Xing Buys Spanish Rival eConozco

Albert Armengol Bertrolí, Horaci Cuevas and Toni Salvatella Pont, the founders of eConozco, have decided to join forces rather than compete with Xing. This is a great move for both companies. eConozco has 150,000 professional members, which is pretty significant in the Spanish speaking world, a universe of 400 million people. To lead the Spanish market in business networking from the start is a good move for Xing.

Disclosure: I am a shareholder of Xing.