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First Acquisition Of The New Year

Seesmic, an applications developer, announced that it was acquiring social status updater Ping.fm. Ping.fm integrates with some 50 social networks, which is about 45 more than you'd ever think necessary. The financial details were disclosed, but along with 500,000 Ping users, Seesmic takes on its two cofounders.

On January 1, Seesmic founder Loic Le Meur stated that his goal for the company was to have 1 million status updates a day, and obviously the acquisition puts him 200,000 a day closer to getting there. Seesmic says it will maintain and develop Ping's relationship with the 100 outside applications that already use the service.

Read the whole story at TechCrunch »

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