Tagged acquires local company Digsby
April 20, 2011
by Mindy Mozer
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A local social networking company founded by a team of Rochester Institute of Technology graduates has been acquired by Tagged, a leading social network for meeting new people.
All Digsby employees will join Tagged at its offices in San Francisco, Calif., next week.
“We’re excited to join the Tagged team and significantly expand our capability to help people share and meet online,” said Digsby CEO Steve Shapiro. “We’re eager to bring our expertise in real-time communication to Tagged’s 100 million registered members around the world.”
Since launching in 2008, Digsby has been the leader in bringing support for all major instant messaging and social network protocols under one easy-to-use application, having amassed 3 million users who use Digsby to manage more than 8 million accounts. The program allows users to link their various e-mail accounts, social-networking sites and instant messenger clients in a single desktop widget. Digsby has offices in Venture Creations, RIT’s high-tech incubator in Henrietta.
Shapiro, who graduated in 2004 with a degree in information technology, developed the idea for Digsby in a graduate entrepreneurship class at RIT in the fall of 2005. He launched the company in March 2006 and all seven employees are RIT graduates.
“The Digsby team shares our strong passion and creative vision for helping people connect online and that was a key component of this acquisition,” said Tagged’s CEO Greg Tseng. “We’re looking forward to immediately incorporating the talented Digsby team into Tagged. In the coming months, we’ll be revealing more about Digsby’s technology and new strategic benefits for Tagged users. For now, the Digsby faithful can rest assured they can keep using Digsby’s client as usual.”
Financial terms of the acquisition were not disclosed.
Tagged is the leading social network for meeting new people. While other offerings focus on existing relationships, Tagged has established the category of “social discovery.” With more than 100 million members in 220 countries, Tagged enables anyone to meet and socialize with new people through social games, customized profiles, virtual gifts, advanced browsing features and more. Tagged is based in San Francisco. For more information, go to http://about-tagged.com.