SocialPicks Acquired by SocialInSight
Purchase is Part of Plan to Kickstart Trusted Online Investing Community
NEW YORK, May 2, 2012 (GLOBE NEWSWIRE) -- Manhattan-based company
SocialInSight has acquired SocialPicks (www.socialpicks.com), an online
community positioned at the intersection of social media and
investing.SocialInSight purchased SocialPicks from FinancialContent Services
for an undisclosed amount.The deal includes a formal partnership between the
SocialInSight helps online consumers leverage social media to improve
investing performance and has plans to provide financial institutions with
social business performance tools.
"We believe that the acquisition of SocialPicks will accelerate the adoption
of our social investing tools by capitalizing on a trusted brand that is
already familiar to online traders and investors," said Jeff Tompkins, CEO of
"We are confident that SocialInSight has the expertise and experience to
realize the vision of making SocialPicks the online investment community with
the best tools and interface to leverage the collective knowledge of its
members," added Wing Yu, CEO of FinancialContent.
FinancialContent (www.financialcontent.com) is a leading business-to-business
provider of stock market data, business news and content syndication
services.They serve over 250 publishers and deliver more than 300 million
widgets and web pages a month.
SocialInSight will begin immediate private testing of several new social
investing apps with members of the SocialPicks online community and has plans
to re-launch the site this fall.SocialPicks established itself as one of the
largest and fastest growing social investing communities.As a forerunner of
the 2007 Y-combinator class, SocialPicks received $500k in Series A funding
from Bay Partners that same year.FinancialContent acquired SocialPicks in
CONTACT: Jeff Tompkins
Press spacebar to pause and continue. Press esc to stop.