1, March, 2011 Leave a comment
For a company that tracks and measures social media sentiments of companies and brands, Brandtology, itself has been very much in the news recently and would have found much to analyse as it tracks its own brand, especially with news of it being bought by the Australian-based Media Monitors Group.
The sale of Brandtology for an eight-figure sum signals the increasing importance of social media monitoring as a growth market. Media Monitors Group, CEO John Croll, shares in the company blog that “the acquisition further strengthens Media Monitors ability to provide the highest quality and most comprehensive suite of media intelligence services across [its] region and beyond”.
According to Brandtology’s founder and CEO, Mr Eddie Chau, as quoted in the Brandtology blog post on the acquisition, the move is “the logical and exciting next step for Brandtology, allowing [it] to continue [its] rapid growth across existing and new markets and maintain [its] focus on research and development with the financial strength and broad Asia Pacific sales network of the region’s leading media intelligence company behind [it].”
This is clearly new milestone in Brandtology’s development. Not bad for a three-year old Singapore start-up, which has become a global leader in online and social media intelligence. This would also be a boost and an encouragement to the local start-up scene.