Renamed Emode.com Acquires Social Networking Web Site
Now named Tickle Inc., the company gains more applications with purchase of Friendster-competitor Ringo.A little bit of consolidation hit the still-developing social networking space on Thursday as Tickle Inc., the new name for online media company Emode.com Inc., announced the acquisition of a key company in the space. Tickle bought Ringoa Walnut Creek, Calif.-based social networking site that, like leader Friendster, connects people with friends of friendsin a cash-and-stock deal. Details of the acquisition were not disclosed. Tickle, of San Francisco, had launched just 10 weeks ago its own social networking service that built on the former Emode.coms specialty of offering online personality tests. The acquisition of Ringo and its 350,000 members will push Tickles social networking service to more than a million members, making it the second largest social networking service behind Friendster, Tickle said.
"Tickle is a company that is entering the forefront of the second wave of the Internet," Tickle founder and CEO James Currier said. "Social networking is one piece of that."