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From the Boston Globe Business Team

Mzinga acquires Littleton social networking firm

March 3, 2008 12:02 PM Email| Comments (0)| Text size +

Mzinga2.jpg Mzinga said today that it has acquired Prospero Technologies, a Littleton company that supports websites tied to such TV shows as "American Idol" and "Lost."

The purchase price was not disclosed

Burlington-based Mzinga, which also announced that it has secured $32.5 million in new financing, says its name means "beehive" in Swahili, and it is a sort of Facebook.com for businesses.

Just as the social networking website Facebook lets online users connect with friends, Mzinga uses social networking technology that enables a company's employees and partners to share information on topics such as research, product launches, and brand-building.

Prospero, meanwhile, uses social-networking technology to support interactive websites from television networks that let fans of network shows connect.

The Prospero acquisition will mean that Mzinga can broaden its product offerings, the company said.
(By Chris Reidy, Globe staff)

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