Toronto’s Ideon Media has acquired venture capital-backed Nexopia.com of Edmonton, Alberta, the leading social network for young adults in Canada, with over 200,000 active members. The financial terms of the deal were not disclosed.
Ideon Media Acquires Nexopia, Leading Social Network for Young Adults in Canada
TORONTO, Nov. 2, 2012 /CNW/ – Ideon Media, Canada’s fastest growing digital ad network has acquired Nexopia.com. Nexopia is the leading social network for young adults in Canada, with over 200,000 active members.
“Nexopia is the most widely-known social network built by Canadians for Canadians,” said Kevin Bartus, CEO of Ideon Media. “We’re excited to be able to take this active community to new heights over the coming years. We’re also pleased to say that we are working with the Privacy Commissioner to ensure regulatory compliance.”
With over 1.2 million registered members and over 10 million pages served per month, Nexopia revolutionizes the way young people connect online. Nexopia has managed to retain its youthful roots and ultimately become the place to be for young adults 16 to 24 looking to express themselves to the world.
Ideon Media is Canada’s fastest growing digital ad network reaching over 25 million Canadians with 250 million monthly impressions and 50 million video streams. Ideon’s portfolio includes site specific opportunities, lifestyle channels, a pre-roll network and the wholly owned sites, 29Secrets.com and BabyPost.com.
A true Canadian Internet success story, Nexopia was born in Edmonton, Alberta to rise to become Canada’s largest social networking site for young adults. With over 1.2 million members, Nexopia is the place for Canadians aged 16 to 24 to connect online. Users are able to create and design their own profiles, blogs, galleries, articles, and forums. Members can interact through a personal messaging system or leave comments on profiles, blogs or in the vibrant forum community.
About Ideon Media
Ideon Media offers a full range of custom digital solutions. The leading team of online advertising specialists maximize each and every client’s investment. Through site specific opportunities, to lifestyle channels and pre-roll network, Ideon has the most inclusive digital media packages to meet client’s needs. Ideon Media’s sites include 29Secrets.com and the newly launched BabyPost.com, a parenting website. In October 2012, PROFIT Magazine ranked Ideon Media number 10 on its annual PROFIT HOT 50, the definitive ranking of Canada’s Top New Growth Companies.
SOURCE: Ideon Media
For further information:
Kevin Bartus [email protected]
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