Dow Jones Acquires Business Networking Tool Generate
gigaom.com/2008/04/17/419-dow-jones-acquires-sales-social-networking-tool-generate
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Dow Jones has started its acquisitions again, now as part of News Corp (NYSE: NWS). it has bought a much-talked about company in the business social networking space: the Boston-based Generate Inc. Financials of the deals were not disclosed. As part of the acquisition, DJ will form a new business unit called Business & Relationship Intelligence in its Enterprise Media Group (which is headed by Clare Hart) that will focus on bringing Generate-powered solutions to market in the enterprise sales and media segments. Generate co-founder Tom Aley will lead this new group as SVP and managing director, while co-founder Darr Aley will become VP, marketing and business development, of the new unit. All Generate employees will join Dow Jones.