HootSuite acquires Seesmic
The companies don’t disclose valuation. Seesmic’s latest incarnation, as a social media cross-posting tool, is in line with HootSuite’s business. VentureBeat reports that Seesmic has 30,000-40,000 uniques a month and may be treated as a new product by HootSuite. HootSuite CEO Holmes:
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. We are thrilled to welcome Seesmic’s users into the HootSuite family.
Seesmic Series A
Arrington and Conway are among angel investors who provide the video aggregator with $6 million Series A funding. Arrington:
The service, which can most easily be described as a video Twitter, is popular with the 300 people who are beta testing it so far. Le Meur says that more than half of them are extremely active, and 200 videos are being posted daily.