Lycos Acquires Community Builder
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Lycos Inc. moved to expand its community offerings Tuesday with its purchase of Valent Software for $45 million in stock.
Specific financial details were not disclosed.
Valent's NetClubs, used to put community functions on a Web site, are already used across Lycos' (LCOS) network . It lets users link to online clubs that meet their interest.
During the past six months, Lycos Clubs has experienced more than a 500 percent increase in page views and user registrations and has grown from 7,800 clubs to more than 62,000. Lycos Clubs connected its members by adding integrated communication tools that facilitate interaction among the members.
Lycos offers a little piece of everything to keep its clients coming, including chat rooms, clubs, message boards, instant messenger services and home page publishing tools vis-a-vis the technology of Tripod and Angelfire.
In related news, Lycos Monday agreed to create a co-branded version of Mambo.com's online invitation and payment service. The site, located here, will enable the Lycos Network to plan and coordinate all types of activities and events within its community.