3BILL Snaps Up Faces.com
Hot on the heels of its acquisition of social networking platform Profile heaven, 3BILL, the mobile division of Symbios Group, has acquired another social network platform, Faces.com.
The acquisition includes all the assets owned by the company, including the transfer of the domain www.faces.com, the sites user base and the intellectual property operating the platform. Financial terms of the agreement were not disclosed.
Faces.com offers social networking with a focus on music, blogging and photos. The site is designed to allow members to view each others profiles, communicate with old friends and meet new ones. Users can share photos, blog, display classified ads and express their interests via their own bespoke faces.com page.Customisable themes and profile pages are also available on the site, via open features, allowing users to explore each others media, based on tags, ratings and searchable content.
Originally launched in 2004, Faces.com has raised millions of dollars in funding to develop the its platform, which comes packed with widgets such as TuneFeed, a Flash-based player which can be used on external sites such as MySpace.
Social networking has really taken off globally, says 3BILL CEO, Martin Montague. Literally hundreds of millions of people around the world are visiting social network sites each month, many on a daily basis. With such a great brand and domain name such as www.faces.com this targeted acquisition will help us reach critical mass quickly, and give us a great rolling start to centralise our assets into one new dynamic social network platform rich in web, mobile and music content all to the delight of our users.
3BILLs plans for the site include the amalgamation of the recent acquisitions into a super community with a wide range of previously- unseen features that will coincide with a re-launch mid 2008. The company will not include TuneFeed in the platform initially due to license constraints, but will make use of its proprietary mobile software and expertise online.