NETWORKS
Does Bizzingo + IBG = Summer Launch for the Social Network?
On Tuesday, it was
announced that Bizzingo has engaged the services of IBG, heralding an imminent
rollout of Bizzingo's one-of-a-kind 'business-meets-social' networking.
While it may be premature to
conclude that the news alone drove the price of the stock up 14%, investors and
prospective corporate customers are eagerly awaiting Bizzingo's 'live' network.
Utilizing the real-time services of IBG -- as well as putting the call out for
charter members -- can be construed as a clear sign that Bizzingo is preparing
to launch, perhaps even by the end of the summer.
Bizzingo has been
developing a business-oriented social network that avoids the public exposure
of more 'friends-and-family' oriented social networking sites such as Facebook.
While serving a similar professional sphere as the recently-public LinkedIn,
Bizzingo's focus upon the business entities rather than individual profiles
allows for undistracted purpose-built networking like no other.
IBG (Internet Business
Group) brings market-leading experience with handling the online presence and
brand development of more than 150 companies. At the final stages of
development, Bizzingo has crafted a robust social networking infrastructure
upon which IBG will contribute both internal design and programming input and
external drive -- in the form of IBG's award-winning SEO and reputation
management capabilities.
"The expertise and
services of IBG combined within the Bizzingo Network will tremendously benefit
our business social network," states Douglas Toth, Bizzingo CEO and
Chairman. "IBG offers an outstanding team that develops high-performance
websites, effective e-commerce platforms and engaging social media
applications. This collaboration will better enable us to exceed our short term
goals and add significant value to our product."
Although personal
connections, social interaction, and updates in the business world have been
common elements of the Internet for some time, Bizzingo's unique strategy of
creating a global network of businesses is something new to the online
experience.
The opportunity to leverage
and expand brand identity and directly engage marketing targets offers
immediate and obvious benefits to businesses -- who for too long have had to
make due with the 'bolted-on' online presences (insecure, subject to
third-party manipulation, and full of irrelevant distractions) available
from earlier attempts at social networking.