Atrinsic Acquires ShopIt for Undisclosed Sum

  • Feed Type
  • Date
    8/7/2009
  • Company Name
    ShopIt
  • Mailing Address
    11726 San Vicente Blvd. Los Angeles, CA 90049
  • Company Description
    Shopit is a simple to use commerce platform that enables efficient sharing and publishing of products and information anywhere online.

    Products and Services can be directly linked, from Shopit to any site, including popular destination properties like MySpace, FaceBook, Bebo, Friendster, Blogger, LiveJournal, Xanga and many more.

    Shopit enables users within these networks to buy and sell goods and services. Shopit’s free commerce platform provides 100 percent Identity Management/Security features, Shipping Management, and the Moderation of the products, services and content published by its users. Shopit’s free service is compatible on most social networks, blogs, and traditional ecommerce sites such as eBay, Craigslist, Yahoo Stores and Amazon. The service also supports communication with LinkedIn and Plaxo.

  • Website
    http://www.shopit.com
  • Transaction Type
    M&A
  • Transaction Amount
    Undisclosed
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Financial terms of the transaction were not disclosed.