XING

For other uses, see Xing.

XING AG

Type	Aktiengesellschaft
Traded as	FWB: O1BC
Founded	Hamburg, Germany (2003)
Headquarters	Hamburg, Germany
Key people	Stefan 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]
Employees	300 (average, 2010)[1]
Website	www.xing.com
Alexa rank	283 (November 2011[update])[2]
Type of site	Professional network service
Registration	Required
Available in	Simplified Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Swedish, Turkish
Launched	November 2003
Screenshot XING homepage as of April 2011

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 English, German, Spanish, Portuguese, Italian, French, Dutch, Simplified Chinese, Finnish, Swedish, Korean, Japanese, Russian, Polish, Turkish and Hungarian. 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 of 5 € (around 7.50 USD).^[3] The platform uses https and has a rigid privacy and no-spam policy. Unlike many other networking websites^[which?], 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 and other, 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]

History

• OPEN Business Club AG was founded in August 2003 in Hamburg, Germany as a German limited liability company by Lars Hinrichs^[7]. The platform was officially launched on November 1, 2003.^[8] It was renamed from OpenBC to XING on November 17, 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.^[9]

• In March 2007, XING purchased the Spanish social networking business eConozco and intends to merge its members into Xing over the next 12 months.^[10]

• In June 2007, XING purchased the Spanish social networking business Neurona. ^[11]. Neurona users were migrated to Xing on March 31, 2008.

• In January 2008, XING purchased the Turkish social networking business Cember. ^[12]. Cember.net users were migrated to Xing on July 26, 2008.

IPO

The company went public (IPO) on December 7, 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.^[13]

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

See also

• Viadeo
• LinkedIn
• BoardEx
• Meettheboss
• Professional network
• Social software
• Social networking
• spoke_(website)
• List of social networking websites

References

1. ^ ^{a b c d e f} "Annual Report 2010". XING. http://corporate.xing.com/fileadmin/user_upload/XING_AG_full_year_results_2010.pdf. Retrieved 19 November 2011. 
2. ^ "Xing.com Site Info". Alexa Internet. http://www.alexa.com/siteinfo/xing.com. Retrieved 2011-11-02. 
3. ^ Premium Account Upgrade, 2007-11-23
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, 24/01/2007, The New York Times, USA
6. ^ LinkedIn takes on Xing, or the other way around! by Carsten Cumbrowski, January 29th, 2007, SearchEngineJournal.com
7. ^ Lars Hinrichs on Twitter.com
8. ^ Xing.com Q&A Question 2. When was the company founded?
9. ^ Süddeutsche Zeitung, 2006-07-12 (German)
10. ^ Xing buys Spanish business social network 27 March 2007, e-Consultancy.com
11. ^ Neurona Joins XING 22 June 2007, Xing.com
12. ^ Cember.net Joins XING 23 January 2008, Xing.com
13. ^ Web 2.0 company Xing raises €35.7 million in IPO by Graham Charlton, 12. Dec 2006, e-Consultancy.com

External links

• Official website