The company doesn’t specify the price but notes market rumors. HootSuite CEO Holmes:
There’s been a lot of speculation on that, but we’re not commenting. Some have guessed in the $15 million range to the low millions, but we’re not releasing the number. However, the more Seesmic users we convert over to HootSuite users, the higher the price will be.
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.