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  5. New Work Acquires Cember.net

M&A Deal Summary

New Work Acquires Cember.net

On January 22, 2008, New Work acquired internet software and services company Cember.net

Acquisition Highlights
  • This is New Work’s 1st transaction in the Internet Software and Services sector.
  • This is New Work’s 1st transaction in Turkey.

M&A Deal Summary
Date 2008-01-22
Target Cember.net
Sector Internet Software and Services
Buyer(s) New Work
Deal Type Add-on Acquisition

Target

Cember.net

Turkey
Cember.net provides networking solutions to business contacts through online.

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Buyer(S) 1

Buyer

New Work

Hamburg, Germany
Category Company
Founded 2003
Sector Software
Employees1,460
Revenue 306M EUR (2023)
DESCRIPTION

New Work is a social software platform for enabling a small-world network for professionals. New Work was established in 2003 and is based in Hamburg, Germany.

DEAL STATS #
Overall 1 of 7
Sector: Internet Software and Services M&A 1 of 6
Type: Add-on Acquisition M&A Deals 1 of 7
Country: Turkey M&A 1 of 1
Year: 2008 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-01 Socialmedian

New York, New York, United States

Socialmedian delivers the news, filtered by your network. socialmedian’s mission is to help people discover the news and information they need to succeed at their jobs, pursue their passions and stay informed about the world around them.

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