While Spinback's clients have primarily been retailers to date, Buddy Media plans to extend the company's tools to marketers and agencies as well to monitor e-commerce and sharing activity. The entire five-person Spinback team will join Buddy Media's New York headquarters as a result of the deal. For now, they will continue to function as a separate team within
Buddy Media CEO Mike Lazerow has denied a rumor the company itself will be snapped up by Facebook, where it helps brands run advertising and manage their presence on the social network, according to an All Things D report today. Buddy Media has raised more than $38 million to date.