Tuesday, 24 May 2011

Dropbox Users Save 1 Million Files Every 5 Minutes

Four-year-old file storage startup Dropbox has experienced explosive growth in the past year, jumping from 5 million users to more than 25 million users.
And together, these users are now saving more than 300 million files each day and 1 million files every five minutes. In total, Dropbox users have saved more than 100 billion files, CEO and co-founder Drew Houston said.
Houston, speaking at the Startup Lessons Learned conference in San Francisco on Monday afternoon, shared the massive figures in a presentation detailing how his startup has managed to scale under such enormous demand.
In the past year, Dropbox has added 35 employees to meet demand, growing from a 20-person team to a 55-person company. Roughly 50% of the startup’s team is comprised of engineers, Houston said.
Part of Dropbox’s ability to scale successfully, said Houston, is the startup’s focus on hiring fewer, better engineers and creating an office environment that its employees want to work in. The startup does not force mandatory office hours, nor does it instruct team members on how or where to work, Houston shared.
Another key, stated the CEO, is to set and reset company goals on a quarterly and annual basis in order to minimize overhead and reduce waste.
But when boiling it down to just the basics, Houston’s advice to founders is to, “Build the right thing, and build things right.” If forced to choose just one, founders should build the right thing, he says.

Courtesy of Mashable

http://SocialBusinessToday.net - The Best in Social Business

Thursday, 19 May 2011

LinkedIn Prices IPO at $45 Per Share

LinkedIn has priced its shares at $45 each ahead of Thursday’s initial public offering, the high end of an already significantly increased range for the company’s stock.
As reported earlier in the week, that values LinkedIn at more than $4 billion and means the company will be adding more than $350 million to its coffers following the offering. It will also make LinkedIn founder Reid Hoffman a near-billionaire, with his stake valued at $855 millionat the $45 per share price.
While the pricing represents an aggressive valuation by most standards, the majority of Mashable readers — 59% at press time — seem to think LinkedIn is still a “buy” (be sure to vote in our poll).
LinkedIn’s shares will be traded on the New York Stock Exchange under the symbol “LNKD.”

http://SocialBusinessToday.net - The Best in Social Business

Website Building Tool Jimdo Is Taking Off, Adding Cool Features, Making Money

Jimdo, a service that lets anyone create a good-looking website without too much effort, is on a roll. The tool has now been used to build over 4 million websites, and 200,000 more Jimdo-powered sites get published every month.
Last year, the German startup behind the service rolled out a feature that let anyone create anonline store, quickly and easily. Fast forward 15 months and 40,000 online stores have been built using the service, generating more than 7.5 million euros in sales.
Today, the company is debuting a mobile-friendly view for optimized display on iPhone, Android handsets and other smartphones, which works for all Jimdo websites. In addition, all 40,000 online stores will have a mobile store with mobile checkout. Click a Google Map in the mobile view, and the native Google Maps app will open on your phone.
Jimdo has more in store: next week, the company will announce Dropbox integration, enhancing the website building application with a digital file center in the cloud.
The startup currently boasts offices in Hamburg, San Francisco, Shanghai, and through cooperation with KDDI Webcommunications, also in Tokyo. There are about 70 people working for Jimdo today, and co-founder Christian Springub just relocated to the United States to more efficiently attack the North American market.
Furthermore, Jimdo is a profitable business today, although they declined to share absolute revenue numbers. Either way, their momentum is noteworthy, especially when you consider how much capital was raised by rivals Wix ($58.5 million) and Yola ($25 million).
Jimdo, in contrast, was built on only 500,000 euros (roughly $715,000). When United Internet invested in the company, more capital was available, but the management team actually moved tobuy back the shares back in 2009.

Article courtesy of TechCrunch

http://SocialBusinessToday.net - The Best in Social Business

Unfazed by Facebook, Google Rolls Out Social Search Globally

Google will roll out its somewhat controversial Social Search feature to 19 more languages next week, the company has announced on its official blog.
Launched back in October 2009, Social Search is a feature that combines regular search results with publicly available data created by your friends’ social media activities.
Your “friends” are quite loosely defined and include people in your Google Talk friends list, your Google Contacts, people you’re following on Buzz and Google Reader, and other networks you’ve linked from your Google profile or Google Account. Google can also find your friends on public networks such as Twitter and Facebook and gather the data from their public connections as well.
The feature was recently the subject of controversy, as Facebook hired a PR company to push negative stories about Social Search in the press. Facebook claims that Google’s practices raise “serious privacy concerns”, and it’s unhappy with the fact that Google can use Facebook data for its service without Facebook’s permission.
For the most part, Google has stayed silent about the issue, although it’s noticeable that in its latest blog postabout Social Search Twitter is mentioned three times while Facebook is nowhere to be seen.
Social Search should be available in 19 languages next week, with more languages on the way. Check out a video overview of the feature below.

Courtesy of Mashable.com 

http://SocialBusinessToday.net - The Best in Social Business

Sunday, 15 May 2011

Gary Vaynerchuck - 99.5% of all social media experts are clowns!

Wine enthusiast, author, founder, blogger, investor and serial entrepreneur (did I leave anything out?) Gary Vaynerchuk dropped by our TechCrunch TV studio in New York City with a bottle of red to discuss his new book, The Thank You Economy with TechCrunch Co-editor, Erick Schonfeld. “Context is the new battleground for business” says Vaynerchuk when asked to give the Twitter version summary of book.
In essence, businesses need to better understand how to use social media and how to apply an authentic human touch while doing so. Vaynerchuk thinks current efforts are abysmal. “”99.5 percent of the people that walk around and say they are a social media expert or guru are clowns,” he says, continuing with “we are going to live through a devastating social media bubble.”
In part II of this interview below, Vaynerchuk discusses the origins Winelibrary.tv, what Ze Frankhad to do with it, how he became Internet famous, and where he invests his money.

Fantastic post from Techcrunch! 

http://SocialBusinessToday.net - The Best in Social Business

Saturday, 14 May 2011

Flickr: iPad 2 Camera Has Only 23 Active Daily Users

According to Flickr’s camera usage statistics, the iPad 2′s camera is used by very few people — only 23 active daily users. And so far, 12,811 photos have been taken and uploaded to Flickr with the device. By comparison, the iPhone 4 has 4,402 daily active users; more than a million photos have been taken with the device. We don’t have exact numbers of iPad 2 sales, but the tablet has been on the market since March 11. According to Apple, strong sales have resulted in a record-setting quarter, with analysts estimating that about half a million devices sold in during the iPad 2′s first weekend on the market. The iPad 2′s camera has been one of the most criticized aspects of the device: At 0.7 megapixels, it’s only good for the most basic tasks. Still, with millions of iPad 2s in customers’ hands, one would expect that more people would be using the device. But the significantly low number of daily active users on Flickr shows that is not the case. iPad 2 owners: Do you use the device’s camera? When was the last time you uploaded a photo taken on the iPad to a site such as Flickr or Facebook? Please, share your opinions in the comments. http://SocialBusinessToday.net - The Best in Social Business

UK Companies Ban Facebook (But its still growing!)

A recent survey of UK companies has found that nearly half have banned access to Facebook, with others discouraging their employees from using social media.

The study, by Lewis PR for client HCL Technologies, showed that 48% of companies had banned staff from accessing Facebook from company workstations.

Additionally, 63% of staff were discouraged from using networks.

Main reasons include that Facebook and social media were considered to be too distracting from normal work.

Additionally, reasons were given to protecting business and personal reputations, not least from derogatory comments.

Lewis recommends instead that companies seek to implement guidelines showing what is acceptable for employees to post, not least in ensuring that if the company is going to be talked about online, better these be positive ones from employees themselves.

According to Vineet Nayar, CEO of HCL Technologies, “Facebook is such a popular application that is so widely used for personal and business uses, it makes no business sense to ban it. If companies do not address this they could be at the mercy of corporate suicide.”
Lewis PR’s Eb Adeyeri said, “if your marketing and PR efforts don’t have any social aspects to them chances are you’re being left behind. At the very least those who work in [PR and marketing] departments should be given access as a priority.”

Interesting article from TechWatch  but.... isn't this just motivating more people to be using Facebook on their mobile devices whilst at work?  What do you think?

http://SocialBusinessToday.net - The Best in Social Business

Tuesday, 10 May 2011

Microsoft Buys Skype For $8.5 Bil

In its largest acquisition ever and the tech world's most massive deal in years, Microsoft Corp. is buying Internet communications company Skype Global for a stunning $8.5 billion.
"The combination will extend Skype's world-class brand and the reach of its networked platform, while enhancing Microsoft's existing portfolio of real-time communications products and services," the companies said in a statement.
Previously, Microsoft's biggest buy was $6 billion for online advertising firm aQuantive in 2007.
Skype's software allows users to talk for free online using messaging, voice and video and can also connect them to a land line or mobile phone for a fee. Users will now be able to connect to Microsoft offerings such as Lync, Outlook and Xbox Live, while Skype will support devices such as Xbox and Kinect, the companies said. 
Skype is owned by an investment group led by Silver Lake, which bought the real-time voice and video company from its previous owner, eBay, in 2009 for slightly more than $2 billion. It was founded in 2003 and now has 170 million connected users who chatted for 207 billion minutes last year. 
The company will become a new division of Microsoft and will be led by its current chief executive, Tony Bates. 
News of the all-cash deal sent Microsoft shares down less than a percent to $25.72 in early morning trading. But Ben Horowitz, general partner of Menlo Park-based venture capital firm Andreessen Horowitz -- an owner of Skype along with Silver Lake -- said the purchase is a "smart move."
The combination, he said, will give Skype and Microsoft the competitive heft to combat Google and the Facetime video chat function from the Apple iPhone.
"Many observers believed that as the world inevitably transitioned to mobile and Web, Skype would be left in the dust," Horowitz wrote in a blog post. "In retrospect, it was easy for people to underestimate the quality of the Skype engineering team and the power of Skype's network effect."
The boards of both companies have approved the deal, which is now subject to regulatory approval. The companies said they hope to finalize the deal this year.

http://SocialBusinessToday.net - The Best in Social Business

Top 20 social media monitoring vendors for business

The online landscape is saturated with more than 200 tools and platforms claiming to be able to help you track and assess mentions of your business or brand in social media channels. While there remains a lot of churn in the field, a number of listening platforms have evolved to help you go beyond basic monitoring into an integrated approach that helps inform multiple parts of your business: product development, customer support, public outreach, lead generation, market research and campaign measurement.
Born as a way to respond to crises and manage brand reputation, social media monitoring, or brand monitoring -- which ties into social media measurement and analysis -- is finally maturing into a business process that helps the bottom line.
A comparison of pricing, features & clients you rarely see on the open Web.Today we'll turn the tables on these companies and offer some business intelligence that you rarely see available on the open Web: a comparison of social media monitoring vendors, with descriptions of their strengths, clients and pricing. Many offer end-to-end solutions, providing not just tracking capabilities but a rich set of analytics and response tools to help you grow your business and engage with individuals who influence broad swaths of the market.
Social media monitoring vendors come in all shapes and flavors. Some cater to small business with modest budgets that want to handle monitoring analysis internally. Others service global corporations that want access to expert analysts as well as a robust suite of social tools that plug into business processes. So this roundup is admittedly mixing apples and oranges. (See our discussion of social CRM below.)
To draw some distinctions, we've broken this package into two groupings:
• 20+ social media monitoring & engagement vendors for business (below)
• 10 lower-priced monitoring services for nonprofits & organizations (on our sister site, Sociabrite.org)
Monitoring should plug into your business processes
Companies that will succeed in the 21st century will be social businesses, committed to forging deep and meaningful relationships with their customers. So use the new year as a fresh impetus to create a Social Media Plan (Socialmedia.biz can help with that), begin monitoring and consider evaluating an outside vendor by signing up for a free trial.
Keep in mind: Listening to conversations and gathering data is only one phase of a multi-step process that also involves engagement, metrics and acting on what you learn. As Jeff Nolan writes, "In its most pure form, social media monitoring is both listening and responding to social channels."
Here is our guide to the Top 20 Social Media Monitoring Vendors for Business. Have your own favorites? Please add them in the comments below! And if you have any corrections or updates to the information here, please share that as well.
Radian6: A proven solution for big brands
1Canada-based Radian 6 works with brands to help them listen more intelligently to your consumers, competitors and influencers with the goal of growing your business via detailed, real-time insights. Beyond their monitoring dashboard, which tracks mentions on more than 100 million social media sites, they offer an engagement console that allows you to coordinate your internal responses to external activity by immediately updating your blog and Twitter and Facebook accounts all in one spot. Fully automated.Cost: The dashboard starts at $600/month, though registered nonprofits can apply for two free uses per year under the company'sGiving Back program. They also offer free trials to students and educators for research and project purposes. Radian6 uses a monthly subscription based pricing model, with the monthly fee varying depending on the number of topics monitored each month.Clients: Red Cross, Adobe, AAA, Cirque du Soleil, H&R Block, March of Dimes, Microsoft, Pepsi, Southwest Airlines -- a wide range of clients. Owner: Independent. Also: See our interview with the CEO of Radian6.
Collective Intellect: Social media intelligence gathering
2Boulder, Colo.-based Collective Intellect, which started out by providing monitoring to financial firms, has evolved into a top-tier player in the marketplace of social media intelligence gathering. Using a combination of self-serve client dashboards and human analysis, Collective Intellect offers a robust monitoring and measurement tool suited to mid-size to large companies with its Social CRM Insights platform. It applies spam management techniques and text analysis to clean data sets, delivering customers rich intelligence.Cost: Pricing starts at $300/month and scales based on specific client needs, according to published reports. Clients: General Mills, NBC Universal, Pepsi, Walmart, Unilever, Advertising Age, CBS, Dole, MTV Networks, MillerCoors, Paramount, Verizon Wireless, Viacom, Hasbro, Siemens. Owner: Independent.
Lithium: Adjust your campaign on the fly
3Lithium monitors your search-specific mentions and sentiment in social media outlets and outputs them into easy-to-read graphs and numbers resembling the stock market. Lithium will aggregate information from a variety of platforms including blog posts and comments, Twitter, Facebook, Flickr and many others, and it'll assess emotions surrounding your brand pre-, mid- and post campaign so you can adjust your strategies accordingly. We miss ScoutLabs, which is now part of Lithium. CostBase plan of $249/month for five users and five searches. Free 14-day trial.Clients: Best Buy, BT, Barnes & Noble, FICO, Disney Online, Stubhub, Motorola, Coca Cola, Focus Features, Netflix. Owner: Independent. Lithium bought ScoutLabs in May 2010.
Sysomos: Manage conversations in real time
4Sysomos's Heartbeat is a real-time monitoring and measurement tool that provides constantly updated snapshots of social media conversations delivered using a variety of user-friendly graphics. Heartbeat organizes conversations, manages workflow, facilitates collaboration and provides ways to engage with key influencers. For more, see ReadWrite review. Sysomos also offers a Media Analysis Platform. Cost: Entry-level price of $500/month. Clients: IBM, HSBC, Roche, Ketchum, Sony Ericsson, Philips, ConAgra, Edelman, Shell Oil, Nokia, Sapient, Citi, Interbrand.Owner: Marketwire.
Attensity360: Actionable insights
5Attensity360 operates on four key principles: listen, analyze, relate, act. Attensity360 will help monitor trending topics, influencers and the reach of your brand while recommending ways to join the conversation. Attensity Analyze applies text analytics to unstructured text to extract meaning and uncover trends. Attensity Respond helps automate the routing of incoming social media mentions into user-defined queues. Cost: $399/month for one license. Discounts for longer subscriptions. Free 15-day trial.Clients: Whirlpool, Vodofone, Versatel, TMobile, Oracle, Wiley.Owner: Independent. Attensity bought Biz360 in spring 2010.
Alterian SM2: Providing daily brand sentiment
6Alterian SM2 tracks mentions on blogs, forums, social networks like Facebook, microblogs like Twitter, wikis, video and photo sharing sites, Craigslist and ePinions. SM2 monitors the daily volume, demographics, location, tone and emotion of conversations surrounding a brand and aggregates results into positive and negative categories for quick review by anyone on staff. Cost: Pricing is based on volume of results and ranges from $500/month to $15,000/month. "Freemium" trial plan allows for five keyword or phrase searches and a total of 1,000 results. Alterian also provides additional custom solutions. Clients: Rosetta, MDAnderson, Pursuit, YouCast. Owner: Independent. Alterian bought Techrigy in July 2009.
crimson hexagon
Crimson Hexagon: Actionable data for your business
7Cambridge, Mass.-based Crimson Hexagon taps into billions of conversations taking place in online media and turns them into actionable data for better brand understanding and improvement. Based on a technology licensed from Harvard, its VoxTrot Opinion is able to analyze vast amounts of qualitative information and determine quantitative proportion of opinion. Cost: Pricing based on number of seats or number of searches. Clients: CNN, Hanes, AT&T, HP, Johnson & Johnson, Mashable, Microsoft, Monster, AdWeek, Thomson Reuters, Rubbermaid, Sybase, the Huffington Post, A&E, the Wall Street Journal. Owner: Independent.
Spiral16: Flexible pricing, competitive analysis
8Spiral16 takes an in-depth look at who is saying what about a brand and compares results with those of top competitors. The goal is to help you monitor the effectiveness of your social media strategy, understand the sentiment behind conversations online and mine large amounts of data. It uses impressive 3D displays and a standard dashboard. Cost: Pricing starts at $500 for five queries or Internet searches, though there is no solid pricing model and Spiral16 will work with companies to tailor plans that fit their budget. Online demo available. Clients: Toyota, Lee, Cadbury. Owner: Independent.
Webtrends: Mobile & social analytics
9Webtrends offers services geared toward monitoring, measuring, analyzing, profiling and targeting audiences for a brand. The partner-based platform allows for crowd-sourced improvements and problem solving, creating transparency of their products and services. Cost: Pricing varies depending on packages and services chosen, but Webtrends is geared to big players. Social Accelerator packages start at $15,000/year, app packages start at $1,500 to $12,000/year. Clients: CBS, NBC Universal, 20th Century Fox, AOL, Electronic Arts, Lifetime, AA, Glam, Nestle, the City of Calgary. Owner: Independent.
Spredfast: Campaign & social media management
10We weren't sure whether to include Spredfast in this Top 20 roundup because of its versatility. it's not only a monitoring service but a social media management, measurement and campaign tool -- in other words, a full-on social media dashboardand integrated communications client (Threadsy is another). In the end, Spredfast made the cut because you can pull relevant conversations from multiple networks into your dashboard, track referrals and conversions, summon up analytics and jump straight to analysis and reports. See our recent full reviewCost: Pricing begins at $250/month for businesses. Clients: AOL, Nokia, IBM, Sierra Club. Owner: Independent start-up.
nm incite
NM Incite: Going for depth
11Global brands look to NM Incite's expertise across marketing, sales, product development, customer service, business strategy development and in deep verticals for monitoring and social media intelligence. This is a service geared to multinationals rather than nonprofits or mid-size companies. Cost: Five figures is typical. Clients: Toyota, ConAgra, Intel, Sony, Nokia, AOL, HBO, Barclays, Whirlpool, GE, Discovery, Coca-Cola. Owner: NM Incite is a joint venture of the Nielson Co. and McKinsey & Co. Nielsen Buzzmetrics was spun off into NM Incite as part of its launch in June 2010.
Converseon: Tech + human analysts
12New York-based social-media consulting firm Converseon, named a leader in the social media monitoring sector by Forrester Research, builds tailored dashboards for its enterprise installations and offers professional services around every step of the social business intelligence process. Converseon starts with the technology and adds human analysis, resulting in high-quality data and impressive functionality. Cost: Pricey. Cost varies according to which suite is used. Clients: Dow, Amway, Graco, other major brands. Converseon has more than 200,000 customers and 10,000 channel partners in 100 countries. Owner: Independent.
dna13: An emphasis on simplicity
13Ottawa-based dna13's MediaVantage will monitor all of your media coverage and present it in an easy-to-read format allowing you to respond from one platform. dna13 provides on-demand software solutions for brand and reputation management, including a PR and corporate communications software suite and a monitoring service for real-time insight into brand, reputation, competitors and industry issues. Cost: Packages start at $560/month. Initial $500 set-up fee. Clients: Wachovia, Miami Heat.Owner: CNW Group Co.
145-year-old Belgium-based Attentio tracks global conversations taking place across social media (blogs, forums, social networks, Twitter, YouTube) and online news sites. The multilingual service offers brand reputation management, campaign/product release impact, sales opportunity tracking and sentiment analysis along with a dashboard to track media in real time. Cost: Pricing starts at £500 ($775 US) per month for a one-year subscription; costs for tailored reports begin at £5,000 ($7,750) . Clients: Johnson & Johnson, Skype, Microsoft, Disney. Owner: Independent.
Visible Technologies: High-end monitoring & analysis
15In the fall 2010 Visible Technologies replaced its truCAST technology with Visible Intelligence, its new enterprise social intelligence platform and services. The new platform helps clients monitor, analyze and participate in social media conversations as well as protect their executive and corporate brands online. Visible adds analyst support to their client servicing to help you understand the landscape and determine which intelligence to act on. Arrange a demo via @Visible_Tech on Twitter. Cost: Typically $25,000 to $45,000, according to press reports. Clients: Microsoft, Vail Resorts, Xerox, Boost. Owner: Independent.
Cymfony: Enterprise-class monitoring platform
16Cymfony provides market influence analytics by scanning and interpreting the millions of voices at the intersection of social and traditional media. It offers a listening and influence platform, Maestro, that integrates distinctive technology with input from expert analysts to identify the people, issues and trends impacting a business. All the standard metrics are included: posts/conversations, tonality, influencers, share of voice and so on.Cost: Pricey but competitive with other deep monitoring and analytics firms. Clients: Fortune 2000 clients. (A lack of transparency may be telling.) Owner: A unit of Kantar Media.
Buzzcapture: Insights into market buzz
17Amsterdam-based Buzzcapture provides insight to organizations on the buzz in their market. Buzzcapture can track companies, products, product families, business lines, difficult or complex brands, topics, competitors, influencers, evangelists, critics and campaigns. All the information collected is analyzed and presented into understandable reports and entered into your dashboard. Cost: Typical price range is EU10,000 to EU70,000 ($13,000 to $91,000 US) for each research topic or group of products, with a standard license costing €30,000 ($39,000 US).Clients: TNT, Vodofone, ING, Nissan, BMW, Microsoft, AstraZeneca. Owner: Independent.
BuzzLogic: Tied to ad buy
18BuzzLogic uses its technology platform to identify and organize the conversation universe, combining both conversation topic and audience to help brands reach audiences who are passionate on everything from the latest tech craze and cloud computing to parenthood and politics. However, the social media monitoring tool is no longer available as a standalone product. It now comes as part of BuzzLogic’s ad platform, requiring a media buy to connect to unique audiences through BuzzLogic. Cost: Unknown. Clients: Starbucks, American Express, HBO, HP, Microsoft. Focus on advertisers. Owner: Independent.
Meltwater Buzz: Overseas strength
19Released in April 2009, Meltwater Buzz monitors, tracks and analyzes user-generated content on more than 200 million social media sites to help a brand understand its user sentiment and gauge competition. All data is stored in one intuitive, easy-to-use dashboard and a customer support representative is provided for the duration of the subscription. Meltwater, founded in Norway in 2001, now has 50 offices around the globe. It's worth mentioning that they come from a traditional media tracking background, and with purchase of BuzzGain in February 2010, they added many more social media monitoring capabilities. BuzzGain is now baked into Meltwater Buzz. Cost: Standard subscription of one year for $13,000 gets you access for three to five users. Clients: Porsche Automotive North America, Vita-Mix, St. Jude Children's Research Hospital, Bausch & Lomb, Pabst Blue Ribbon and other corporations, nonprofits, government agencies. Owner: Meltwater Group.
Brandwatch: A focus on brand mentions
20UK-based Brandwatch trawls the Internet looking at news, blogs, forums, wikis and social networking sites and finding mentions of brands, companies, products and people. Clients define keywords (brands, topics, people names, products) and receive reports and brand summaries that they can take action on. Cost: Pricing, based on a monthly subscription, starts at about $300/month. It operates on a per keyword pricing model. Clients: Aviva, Activision, CheapFlights, The Body Shop. Owner: Independent.
Note: BuzzGain, which was originally listed at No. 19, has been absorbed into Meltwater.
Social CRM or simply monitoring services?
In this overview I sought to avoid the insidery, wonky discussion around social CRM (customer relationship management), but it's worth a quick mention. Paul Greenberg, organizer of the first Social CRM Summit last year, explains SCRM this way:
Social CRM is a philosophy and a business strategy, supported by a technology platform, business rules, processes and social characteristics, designed to engage the customer in a collaborative conversation in order to provide mutually beneficial value in a trusted and transparent business environment. It's the company's response to the customer's ownership of the conversation.
Jacob Morgan, principal of Chess Media Group, points out that social CRM means different things to different people. While the vendors listed above offer robust social media monitoring and listening tools, they plug into their clients' business and social CRM processes in different ways (see Chess Media's chart above and its free Guide to Understanding Social CRM).
"Two years ago, all the vendors you mentioned called themselves social media vendors," Morgan said. "Now that social CRM is the hot term, all of the vendors simply changed the name from social media to social CRM. Everything else is the same."
Other paid social media monitoring solutions
There are literally dozens of social media monitoring services in the marketplace, so this roundup is meant as a guide to the top-tier vendors rather than a comprehensive list. If you've had success with other vendors, please mention them in the comments below.
Disclaimer: We have worked with some, but not all, of the companies above; in such cases, we've based our assessment on recommendations from colleagues, pricing and perceived value. Please note that many of the other monitoring vendors listed outside the Top 20 also deserve consideration, based on your company's specific needs, costs, features and if you find a good cultural and personality fit.
Our accompanying piece in this package on Socialbrite, 10 paid monitoring services for nonprofits and organizations, offers short capsule reviews of TrackurThriveeCairn,HootsuiteBuzzStream and other monitoring services.
You may have good results with some of these additional services:
• Amplified Analytics: This tool is geared chiefly toward product reviews and marketers interested in tracking reviews across multiple sites.
• Appinions: “Automatically filters and aggregates thoughts, feelings and statements from traditional and social media.”
• Atlassian: Australian-based software company with global reach, offers tools to track, test and collaborate on the social Web.
• Bit.ly Pro: The Pro version offers custom short links like pep.si (for Pepsi) and 4sq.com(for Foursquare), a dashboard that lets you monitor the real-time aggregate traffic of your shared content across the bit.ly universe, and easy integration with tools like Tweetdeck and CoTweet.
• Cision: Cision (formerly Bacon’s Information) monitors social, print, broadcast and online media outlets, then organizes the information, which a dedicated analyst delivers to a company's in-box every day via an executive news briefing. Cision searches more than 100 million sources to assess conversations about a brand. Clients include UCLA, Gerber and R&R Partners.
• CustomScoop: BuzzPerception: A veteran in the media monitoring space, CustomScoop monitors traditional and social media, calling themselves the "leading application for online news clipping." BuzzPerception includes a phase of human filtering to generate the most relevant results for a brand. Pricing starts at $299/month. Jen Zingsheim, a representative, provides this update: "While we started out as a traditional media 'clipping service,' we've been including blog content for years and also monitor Twitter, Facebook, YouTube and more. We can tailor reporting to fit client needs, and have a robust suite of analytical tools, too -- along with a free, 2-week trial to see if we fit your needs."
• Digimind: Digimind designs and develops Digimind Evolution, a Competitive Intelligence Management software platform that enables companies to deploy and to manage competitive intelligence units and projects.
• Dow Jones Insight, owned by News Corporation, touts a wide array of languages and geographies, a global footprint and a less-than-stellar dashboard. Its hefty $5,000/month pricetag is based on the fact that it's heavily based on analysts' involvement.
• Evolve24 is a competitive listening platform that specializes in reputation management. Evolve24 is a smaller player in the market with only about 20 customers but its customer base consists of large enterprise-level installations.
• FindAgent: Founded in 2002, UK-based FindAgent specializes in digital media monitoring and media analysis. Focusing purely on online content, the company, owned by OpenAmplify, has developed technologies to find, analyze and manage mentions in social media and traditional media. More than 500 companies use FindAgent's semantic text analysis technology.
• iCrossing is a global digital marketing agency that combines talent and technology to help world-class brands find and connect with their customers.
• Jive: Jive Software, which acquired Filtrbox in 2010, offers a host of social media monitoring options.
• Moreover Technologies: Moreover and its Newsdesk 4 offer tools for media monitoring, reputation management, market and competitive intelligence and content sharing from 1.8 million sources.
• MotiveQuest: At the high end of monitoring services, MotiveQuest typically charges $70,000 per project, according to published reports. CEO David Rabjohns says MotiveQuest provides a full range of services. "You don't have to use a dashboard. Just come to us with a business problem and we will help you find relevant insights. The core of our approach is digging beneath the buzz and the sentiment to identify primal human motivations. We have identified that these most strongly affect sales and share." Clients include Microsoft, Nike, Citi, Audi and Kraft. MotiveQuest is positioned in the Strong Performer category in a 2006 Forrester report and it has a Slideshare presentation onleveraging motivations in social media.
• MutualMind: A relative newcomer, MutualMind helps marketers, agencies and PR firms track discussions, understand sentiment, identify influencers and use the resulting insights to improve positioning and marketing strategy. Pricing ranges from $500 to several thousand dollars per month.
• NetBase offers social media analysis tools that help marketing and sales professionals to understand consumer opinion, emotion and behavior online.
• Nimble is an LA-based start-up due to come out of private beta soon with a promising set of monitoring capabilities across multiple networks. Says Nimble's Maria Ogneva: "We tie monitoring to the customer record. The real beauty is that you can monitor based on a keyword, respond as you need and even create a task right from the social media mention -- whether it happens to be a tweet, FB message, LI message -- which can be edited, calendared, delegated and commented on for team workflow that ties back to the record -- the key ingredient here."
• Optify is a real time marketing applications suite that offers several features to help you track, monitor and measure the success of your social media activities.
• ReputationDefender: The company offers four suites of online reputation management and privacy controls.
• RepuMetrix specializes in tracking online mentions that are perceived to be harmful to a brand's reputation. Pricing starts at $350/month for one user.
• RepuTrack: RepuTrack is a reputation monitoring service that tracks and analyzes the conversation around a brand and delivers it in an actionable way.
• SAS Sentiment Analysis Manager: Part of SAS Text Analytics program, the Sentiment Analysis Manager “crawls content sources, including mainstream Web sites and social media outlets, as well as internal organizational text sources [and] creates reports that describe the expressed feelings of consumers, customers and competitors in real time.”
• Sentiment Metrics: United Kingdom-based company provides tools to listen to consumer conversations across more than 20 million blogs, 5 million forum posts and 30,000 online news sources, social networks and microblogs, including Twitter. Clients include Sony, Subaru and HSBC.
• Trendrr: Mostly focused on the entertainment community, Trendrr lets you track the popularity and awareness of trends across a variety of channels, ranging from social networks to blog buzz and video views downloads, all in real time. You can also have Trendrr do a Social Media Audit, providing an analysis of your social media presence, dissecting volume of mentions, sentiment, links, influencers, demographics and more. Pricing: $499 and $999/month, with enterprise package beginning at $2,499/month. NBC Universal’s Oxygen TV show "Bad Girls Club" is a client. Owner: Wiredset LLC.
— Maria Ogneva, who heads up social media for Nimble, provided input for this article. 

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