Posts Tagged ‘business services’

Monster Worldwide Inc. (MWW) is just that, let it BeKnown

Tuesday, June 28th, 2011

Monster Worldwide Inc. (NYSE: MWW) shares rose 10.6% to $15.01, a day after the company announced the launch of BeKnown, a networking app designed to allow Facebook users to establish a professional network and find career opportunities. Volume for the stock was 4.6 million shares, outdistancing a daily average of 3.1 million.

The company, based in Maynard, Massachusetts, put out a press release Monday saying that with BeKnown, users can seamlessly identify and connect with friends and professional contacts from multiple sources and grow their professional network, enhance their online professional identity and discover enriching career opportunities.

BeKnown is now available for download at http://apps.facebook.com/beknown in 19 different languages, and is accessible by any Facebook user.

Monster Worldwide’s Chief Information Officer Darko Dejanovic was quoted in the same release as saying, “BeKnown answers the need and challenge in the marketplace for people to build their professional networks on Facebook while keeping personal and work-related contacts and content completely separate.

Dejanovic continued, “An estimated 700 million people globally live their lives through Facebook and 97% of the Fortune 500 companies turn to Monster to find talent. BeKnown now gives people and companies the ability to utilize that vast network for professional gain by tapping into the power of Monster and Facebook.”

Monster Worldwide, Inc., parent company of Monster®, the premier global online employment solution for more than a decade, strives to bring people together to advance their lives.

MediaMind Technologies Inc. (MDMD) acquired by DG, stock soars

Thursday, June 16th, 2011

MediaMind Technologies Inc. (Nasdaq: MDMD) shares gained 38.2% to $22.03 a piece Thursday, after DG Fastchannel Inc. (Nasdaq: DGIT) said it would pay $418 million, or $22 a share, to buy the digital-advertising company. Volume for the stock topped 2.3 million shares, routing a daily average of just over 70,000.

A news release June 16 announced the definitive agreement, under which DG will acquire MediaMind in an all-cash transaction. The acquisition creates one of the premier global online and television advertising technology companies.

Upon closing, Gal Trifon, President and CEO of MediaMind, will serve as DG’s Chief Digital Officer, leading DG’s online advertising business. Additionally, Ofer Zadikario, MediaMind’s Chief Solutions Officer, will join DG in the same position.

“This is a game-changing transaction that provides DG with an unmatched global footprint, broad customer reach and an innovative platform in television and the fast-growing online advertising market,” said Scott Ginsburg, Chairman and CEO of DG in the same news release. “

In the release, Trifon was quoted thus, “We believe this transaction offers significant value for our shareholders and is the natural, next step for MediaMind. DG will provide us with the added scale and resources to continue to grow our platform and enhance the services we provide our customers. Working together with DG, we will provide a single solution for advertising creation, distribution, and monitoring for cross-platform campaigns.

“We are excited to partner with DG,” Trifon concluded, “to continue to increase our base of large advertisers and expand our global operations, and we are confident that our employees will benefit from the greater opportunities at the combined company.”

Headquartered in New York, MediaMind has 37 sales and representation offices covering 64 countries. In 2010, MediaMind delivered campaigns for 9,000 brand owners using approximately 3,800 media and creative agencies across 8,200 global web publishers in 64 countries.