PBwiki announces acquisition of Schtuff, the popular wiki service
March 02, 2007 (PRLEAP.COM) Technology NewsSAN BRUNO, Calif. — March 2, 2007 (PR Leap) — PBwiki, the world's largest wiki hosting provider, today announced it is acquiring Schtuff, a popular wiki host. Schtuff is built by Janrain, a technology company based in Portland, Oregon. This acquisition follows several recent announcements by PBwiki including a partnership with 30 Boxes, a fundraising round by Mohr Davidow Ventures announced last week, and record growth.
Wikis, such as the popular online encyclopedia Wikipedia, are increasingly popular with consumers for collaborative projects like online classrooms, hobby groups, and business projects. PBwiki, which hosts well over 150,000 wikis and millions of visitors per month, hosts wikis in three popular categories: education, business, and consumer. These categories are a natural fit for Schtuff's wikis, which include millions of hits and hundreds of thousands of pages of user-generated content. Schtuff is owned by parent company JanRain (http://janrain.com).
"We're thrilled to have Schtuff join the PBwiki family," said Ramit Sethi, co-founder and VP of Marketing for PBwiki. "A community of a million users joins PBwiki today."
JanRain announced the sale to focus on its core of identity services. "We're excited about this deal because we wanted to focus on our core of identity services around OpenID while still taking care of the Schtuff community," said Scott Kveton, CEO of JanRain. "PBwiki has the best community and the best people, hands down. They were the obvious choice." As part of the acquisition, PBwiki announced that it would support OpenID in an upcoming release.
Terms of the deal were undisclosed, but funds for the acquisition came from recent PBwiki revenue. The acquisition was announced on March 2, 2007.
To create your own PBwiki, visit http://www.pbwiki.com.
About PBwiki and JanRain
PBwiki, Inc. is a privately held company based in San Bruno, California. The flagship product PBwiki was created in 2005 and is co-founded by three Stanford graduates.
JanRain is a Portland, Oregon based company building identity services based on the single sign-on technology called OpenID. JanRain has provided clear leadership in developing OpenID and was recently selected for the Business 2.0 "Next Net 25" list.'