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XING reports increased market presence in Hungary

02-07-2007 11:49 AM CET | IT, New Media & Software

Press release from: OPEN Business Club AG (XING)

Hamburg, February 6, 2007 - Starting immediately, the international networking platform XING (www.xing.com) will be represented by a Regional Manager in Hungary, reported by its operating company, OPEN Business Club AG. Success in the European market is essential for XING, and simultaneously drives the internationalization process of the company. The increased presence of XING in Hungary, as represented by Regional Manager Heinrich Ballhaus, shows how important this gate to the Balkans has already become. Alongside acquisition activities and supervising regional cooperation partners, Ballhaus will also organize professional networking events. The first large get-together is already scheduled for February 8 in Budapest.

The many Hungarian members already know the value of finding the right business partners more quickly on XING, throughout the whole world. There are also smaller business networks in Hungary. In particular, the multilingual focus of the platform has aided the success of XING in Hungary. Specifically, the following factors have played a role:

- The platform has been available in Hungarian since 2004, and
- With 15 other languages, XING allows residents of Hungary, widely considered to have a high standard of education, to gain access to the international business stage.

The ability to connect endless numbers of contacts, to exchange expertise, and to find new job assignments, new employees, jobs, clients, and ideas supports the local networking culture.

About XING:
XING makes your professional network an active part of your life. Far more than a directory of business contacts, XING enables its members to discover professional people, opportunities and privileges through its unique discovery capability and advanced contact management tools. Its novel approach to professional services has resulted in OPEN Business Club AG being named one of the world’s hottest Web 2.0 startups by Business 2.0/CNN Money and one of Europe’s “Top 100” by Red Herring.

Founded in August 2003, OPEN Business Club AG’s global network manages tens of millions of member-to-member connections across 16 languages and all industries, with “real world” events held around the world. OPEN Business Club AG currently employs an international team of 67 people from 13 nations, with its headquarters based in Hamburg (Germany), and offices in Beijing (China) and in Zurich (Switzerland).

XING. Powering Relationships.

Daniela Hinrichs
OPEN Business Club AG
VP Corporate Communications
+49 40 419131 19
daniela.hinrichs@xing.com

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