Wednesday, August 22, 2007


Large corporations want to use social networking tools. No big surprise. Many leading "social network in a box" services like Ning, KickApps and others are eyeing the corporate market. A new NY-based player has also jumped in -- SelectMinds.
Flatiron-based SelectMinds has raised $5.5 million in Series A funding from Bessemer Venture Partners, the company said today. SelectMinds sells on-demand corporate social-networking software and networking services to companies like Dow Chemical, Ernst & Young, and JPMorgan Chase. KickApps, also based here in NYC, raised subtantial funding last week.

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