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Viadeo acquires IctNet consolidating market share in Spain and resulting in more than 300,000 business professionals on the Viadeo Spain network.

London – 8th July 2008: Viadeo has accelerated its international expansion and carried out its second acquisition in less than 6 months. Following the purchase of Tianji in January 2008, Viadeo has acquired the Spanish site IctNet (www.ictnet.es) for an undisclosed sum.

Launched in 1995 by the Catalan Institute of Technology, IctNet are true internet visionaries and built Spain’s first professional online community. Consisting principally of high level networks (eg engineers, executives, entrepreneurs), the IctNet site is well known throughout Spain and is also popular in parts of Latin America. Through its innovative content management functionality (blogs, forums, information hubs), IctNet has become an indispensable source of information for Spanish executives.

IctNet members will join the Spanish Viadeo community forming a network of over 300,000 members who will benefit from the three integral pillars of the Viadeo platform:

- Professional social networking
- Business development opportunities
- Effective career management
...whilst preserving IctNet’s unique content management capabilities.

With more than 300,000 members, Spain becomes:
- Viadeo’s second most networked European country after France (with offices in both Madrid and Barcelona)
- The social networking leader in Spain in terms of income and affirms its place as the prime challenger in terms of volume

Based in Barcelona, IctNet provides Viadeo with the opportunity to increase its market share in Spain, one of Europe’s fastest growing internet markets. This acquisition rapidly accelerates Viadeo’s European growth in the key revenue streams of advertising and recruitment.


About Viadeo
Viadeo is one of the world’s largest business social networks with over three million members worldwide and 7,000 new members joining every day. Members use Viadeo to find clients, suppliers, business partners, jobs and employees from all over the world online.
Originally founded in 2003 by 200 high-flying entrepreneurs in France, Viadeo started as a private network of business people who realised that they could share key business information and solutions to day-to-day business problems if they networked together on the Internet. The network was opened to the public in 2004 and grew to over one million members in less than two years and has now become a truly international network where users can create profiles and network in English, French, Spanish, German, Portuguese and Italian. It will soon be available in other languages including Chinese.

For more information about Viadeo, please visit www.viadeo.com

About IctNet

IctNet is a community for professionals created in 1995 by the Catalan Institute of Technology. IctNet has evolved to become a tool for Spanish speaking senior and mid-level executives who wish to develop their professional skills. The members of IctNet gain access to sector specific business blogs, documents, articles, distribution lists and online professional communities.

Contacts:
Peter Crosby / Sophie Lam
Telephone: 0207 960 9668
Email: pcrosby@viadeoteam.com

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