Following the merger of German Lalisio GmbH and US-American QUASM Inc., bm|t acquires 25% stake of Lalisio. The companies have agreed to maintain silence about the purchase price.
Lalisio, the social network for scholars worldwide, will use the investment to complete the integration of QUASM and Lalisio, to establish a stronger U.S. presence, and to integrate the QUASM Search and Presentation Engine into the established Lalisio website at www.lalisio.com. A larger follow-on round of financing is anticipated by the end of 2007 to fund an enhanced marketing plan and to explore additional applications of the QUASM Search and Presentation Engine in other commercial fields.
“The knowledge network of Lalisio discovers a highly profitable niche in the tremendously growing, dynamic and promissing market of social networks,” says Dr. Guido Bohnenkamp, Managing Director of bm|t. “Furthermore, we expect an above average increase in traffic on Lalisio once QUASM’s patented Search and Presentation Engine has been implemented into the portal.”
Ute Rother, Managing Director of Lalisio, adds: “We are looking forward to expanding our good coöperation with bm|t. Together with bm|t we will continue our expansion into the rapidly developing market of Internet communities, knowledge management tools and new generation engines.”
Founded in February 2001, Lalisio connects scholars of all academic disciplines around the world at www.lalisio.com. Lalisio enables scholars and students to conveniently access, share and connect knowledge globally. In April 2007, Lalisio merged with the US-American QUASM, Inc..
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