Facebook Buys WhoGlue, But Not Its Talent

Facebook acquired Baltimore-based social networking software firm WhoGlue Inc. early this month for an undisclosed amount, according to a report from the Baltimore Business Journal.

WhoGlue’s founder, Jason Hardebeck, appears happy to be bought by the company that sued him for patent infringement two years ago over “distributed personal relationship information management system and methods.” Hardebeck will maintain his position at the renamed WhoGlue LLC, which will continue to develop private social networks for its clients.

Facebook did not bring over any WhoGlue team members in the acquisition, according to The Baltimore Sun. This is a contrast to its most recent acquisitions, where talent was brought over to Facebook. The social network giant instead will maintain a relationship with Hardeback, should he come up up with any new social networking software that Facebook might like to buy. Given that his last big development was more than 10 years ago and that the team at WhoGlue only had two full time employees at the point of acquisition, this seems like a low-risk arrangement.

There are additional reports that Facebook bought out stakes of several WhoGlue shareholders, including http://bizjournals.com and Seimens AG, but Facebook has only confirmed its technology acquisition and nothing else to TechCrunch.

Inside Bitcoins

Mediabistro Event

Explore the Future of Virtual Currency

Discover why countless investors and businessmen, including the Winklevoss twins, are becoming big supporters of virtual currencies at Inside Bitcoins on July 30 in New York. You’ll hear from speakers like Charlie Shrem, Vice Chairman at Bitcoin Foundation, who runs one of the largest alternative payment companies. Every paid registrant will receive a Bitcoin paper wallet with 0.01 Bitcoin. Register early and save.

Leave a Reply

interested in advertising with inside facebook?

Social Media Jobs
of the Day

Social Media Manager

Club Monaco
New York, NY

Software Developer

DoubleDown Interactive
Seattle, WA

Account Executive

Business Information Service
Boston, MA

Featured Company

Join leading companies like this one and recruit from the nation's top media job seekers on the Mediabistro Job Board. Every job post comes with our satisfaction guarantee. Learn More
 

Our Sponsors

Also from Inside Network:   AppData - Facebook & iOS Application Stats   PageData - Engagement Data on Facebook Pages   Facebook Marketing Bible   Inside Network Research
 
home | site map | advertising/sponsorships | about us | careers | contact us | help courses | browse jobs | freelancers | events | forums | content | member benefits | reprints & permissions about | terms of use | privacy policy Mediabistro Inc. call (212) 389-2000 or email us