LinkedIn to Acquire B2B Ratings Provider ChoiceVendor
LinkedIn announced that it has agreed to acquire ChoiceVendor, which is a company that provides ratings and reviews of B2B service providers in more than 70 categories across the United States.
ChoiceVendor is based in San Francisco and was founded by CEO Yan-David Erlich and VP of engineering Rama Ranganath.
"Our acquisition of ChoiceVendor is right in line with our top priority to build a world-class team at LinkedIn, says LinkedIn CEO Jeff Weiner. "We’ve admired the work that Yan-David, Rama, and the talented ChoiceVendor team have done for some time now and are excited to have them join us, especially given their highly relevant work experience."
"Since Yan-David and I worked with members of the LinkedIn team in the past during our time at Google, we’ve kept a sharp eye on the company’s phenomenal growth," said Rama Ranganath, one of ChoiceVendor’s co-founders. "We’re excited about the direction that LinkedIn is headed, particularly in terms of helping its members derive valuable business insights from the site, and are looking forward to joining the team."
LinkedIn currently has over 75 million users. Financial terms of the acquisition weren’t disclosed.
According to BusinessWeek, Weiner is hinting at an IPO, saying it would be an option for the company has it adds talent and technology tools that appeal to businesses. According to that article, the company expects to have 900 employees by the end of the year.