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March 04, 2008
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Acquisition
extends Demand Media's social media offerings to large
media companies and branded advertisers worldwide.
SANTA MONICA, CA,
--
Demand Media, Inc.,
the next-generation social media company, announced
today that it has acquired
Pluck
Corporation, a leading provider of social media
tools and technologies, serving more than 200 media
websites, reaching over 100 million users, and serving
over 1.5 billion interactions per month. The acquisition
expands Demand Media's social media platform beyond its
owned network of web sites to power leading media
properties and brands worldwide including Gannett/USA
TODAY, Guardian Unlimited, Hearst Corporation, Fox,
The Washington Post, Scotts and Circuit City.
"We
founded the company with a vision for expanding social
media beyond the traditional social networking portals.
To that end, we have acquired and developed the
components necessary to create, distribute and monetize
web sites and content," said Richard Rosenblatt,
co-founder, CEO and chairman of Demand Media. "Now, we
are ready to expand the platform and model beyond our
proprietary network. Pluck provides the technologies,
people and partners to accomplish this vision."
Demand Media's social media platform currently supports
more than 64 million unique visitors per month.* The
platform features multiple social media applications
such as social Q&A and a vast wholly-owned and
rights-cleared content library of Pro Amateur text and
video. All this will be enhanced by Pluck's widget and
API-based social media technologies.
"This
combination will allow us to provide our customers with
an even broader suite of social media products and
monetizable content," said Dave Panos, CEO of Pluck and
executive vice president for Demand Media. "The combined
expertise of our two companies in platform technology
development, content creation and community management
is truly un-matched."
Since
its inception in May 2006, Demand Media has raised over
$350 million in equity capital and pioneered a new
formula for building an interactive media company.
Through its social media platform, Demand Media has
grown its vertical network into one of the Internet's
largest. Pluck was founded in 2003 and built a
world-class social media platform that enables leading
publishers, brands, and retailers to grow their
audiences by seamlessly integrating content, community
and social media technologies directly into their
existing web properties.
About Demand Media, Inc.
Demand MediaTM a leading social media company
that provides an interactive, personalized and
vertically-focused media experience for over 64 million
unique users. By using its proprietary social media
tools and the unique distribution platform of the
world's second largest domain registrar, the company
connects content creators and audiences to grow its
network of vertical media web properties. The privately
held company was founded in May 2006 and is based in
Santa Monica, CA, with offices in Bellevue, WA, Austin,
TX and San Francisco, CA. For more information about
Demand Media, Inc., please visit:
http://www.demandmedia.com.
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