Tribe Gets Acquired, For Real This Time
The assets of the eight person company have been acquired by Cisco. This follows their acquisition of Five Across, a social networking infrastructure service, two weeks ago. The hope is to use the two company’s technology to help Cisco’s corporate clients build their own social networks, so it isn’t clear whether or not the Tribe service itself will live on.
Last year was a turbulent one for Silicon Valley based Tribe.net. Founding CEO Mark Pincus was ousted, in April 2005 and then returned in August 2006. While Pincus was gone rumors swirled that the company had been acquired by NBC, but the deal was never consummated.
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