MySpace Hires Threadbox Team

Posted Jul 17, 2010

News Corporation social subsidiary MySpace is acquiring social messaging service Threadbox. ?We?re thrilled to announce that the talented Threadbox team has joined MySpace. We?re in active discussions about how we can incorporate their innovative technology into our site,? said a MySpace spokesperson.

Threadbox is based in Palo Alto, California and is focused on building a social collaboration tool. Threadbox’s goal is to build an IM system that is so advanced that people will want to switch to them from their e-mail services. Threadbox conversations has file sharing, task sharing, and opinions.

Threadbox Messenger has a thread-focused system that pulls in e-mail and IM clients using a thread-focused system. Threadbox was founded by Michael Cerda and Ben Dean. Both of them previously founded web-voice company Jangl and sold it two years ago.

Threadbox was formed at incubator firm Venrock. Seraph Group and Hillsven were angel investors of Threadbox and the company raised a total of $2 million. Threadbox has about 60,000 users and 20,000 businesses. All four of Threadbox’s employees have joined MySpace.