, a mobile social network that we gave high marks to in August 2007, has been acquired by Vodafone for €31.5 million, or about $50 million. The company had raised just €3 million
in venture capital.
ZYB was smart in how they built their service. At first they were a simple address book backup-to-web service. But they realized they had a very complete social graph from the data (who's closer to you than the people you call frequently on your mobile phone)? So they launched a mobile social network on the back of the original service.
We've continued to write about ZYB in comparison to competing mobile social networks (an area we've taken a special interest in). Last month. ZYB acquired one of those competitors, Imity.
Mondo - Geopaq. Islamabad ETC.
-- Shaaf