HootSuite Acquires Seesmic for a Reported $16 Million

by Rob Lewis | Business

Rumour on the street yesterday over at TechCrunch was that Canadian social media superstar HootSuite was on the verge of acquiring Seesmic for a reported $16 million.

Techvibes can now confirm this morning that where there's smoke, there's fire. HootSuite announced this morning that they have acquired Seesmic.

Founded in 2008 by entrepreneur and investor Loïc Le Meur, Seesmic currently offers a product called Ping that lets you post to multiple social media accounts — Twitter, Facebook, Facebook Pages, LinkedIn — from its web or mobile app. Features include scheduling, a way to convert attachments to links, personalized groups, plus bookmarklet and email posting options.

Seesmic's offering is almost identical to HootSuite's toolbox which suggests that Seesmic may be shuttered as a product. But this should also make customer transition between the dashboards pretty seamless. As part of their announcement today HootSuite is inviting Seesmic’s business users to try a free 30 day trial of HootSuite Pro (which starts at $9.99/month there after)

"We've always been big fans of Ryan Holmes and the HootSuite team, since the days we were all pioneering the Social Media landscape.” says Seesmic CEO, Loïc Le Meur. “We're thrilled today to announce that Seesmic is joining HootSuite, and we're excited for our users: they are becoming part of the HootSuite family, and they will be able to continue to build their brand and social business.”

“I have always had a lot of respect for Seesmic’s CEO, Loïc Le Meur, and the role Seesmic has played in advancing social business.” says HootSuite CEO Homles. “We are thrilled to welcome Seesmic’s users into the HootSuite family.”

Hootsuite Media, Inc.
Vancouver, British Columbia, Canada

Hootsuite is the world’s most widely used social media relationship platform. More than 10 million users, including 744 of the Fortune 1000 companies, trust Hootsuite to manage their social media programs across multiple social networks from one integrated dashboard. Learn more about how Hootsuite is revolutionizing communication at http://www.hootsuite.com. more

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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more

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