Visible Technologies is buying Cymfony in a deal that brings together two long-time players in the social media monitoring and analytics space, GeekWire has learned.

As a result of the deal, Cymfony president Richard Pasewark will assume the CEO role of the combined company, relocating from Boston to Seattle where the company will be based. Meanwhile, Kelly Pennock — who had served as CEO of Visible Technologies — has stepped down.

Terms of the deal were not disclosed, but Pasewark tells GeekWire that the new entity will have more than 200 customers.

Cymfony employs about 60 people, while Visible employs 85. The combined company will go forward with about 125 staffers, meaning some will lose their jobs as certain duplicate roles are eliminated.

“Cymfony brings significant sales and services expertise, where Visible has a very, very strong engineering and scalable architecture” said Pasewark. “Putting that together is going to have a very positive effect on the client base.”

Richard Pasewark

Both companies also have a common shareholder in WPP, the giant advertising services firm. WPP is a long-time investor and Visible, recently contributed to the company’s $1.5 million round that closed last fall. In total, Visible has raised $50.5 million from WPP, Ignition Capital and Investor Growth Capital.

Cymfony most recently operated as a unit of Kantar Media, a division of WPP.

There’s been a ton of activity in the social media monitoring space in recent months, including financing deals for Seattle’s Banyan Branch and Prosodic. In addition, Seattle’s Spring Creek Group was acquired by Mediabrands and Seattle’s BuzzLabs was acquired by City Grid Media. In one of the bigger deals in the space, Salesforce.com bought Radian6 for $326 million last year.

Asked about the competitive landscape, Pasewark said that the acquisition positions Visible to make a real impact in the industry by focusing on social media monitoring tools that integrate more deeply with other enterprise tools.

“As the market is maturing, most of the clients are looking to move beyond engagement, or basic Twitter and Facebook measurement, although they are very important, they are looked at as a starting place,” said Pasewark.

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Comments

  • Anony

    Do the managers of Visible still have a private bathroom, while the employees have to walk to a different building and use the lobby bathroom?

    Just what I heard…. 

  • http://jetcitydigital.com Ron Schott

    Noticed the link about our (Spring Creek Group) acquisition linked to the Banyan piece. Here’s the Geekwire story about us becoming a part of Mediabrands http://www.geekwire.com/2011/seattle-social-media-agency-spring-creek-acquired-mediabrands/

    • johnhcook

      Thanks for letting me know Ron. I just made the change, so it should be the proper link above now. 

      • http://jetcitydigital.com Ron Schott

         Thanks, John! Quick and accurate as usual!

    • Clay McDaniel

      Thanks Ron – you’re quick on the draw – I noticed same thing. John, thanks in advance for updating the link when you get a chance.

  • Mark

    @Anony Former VT employee here. It is funny you mention that.  The “private restroom” was open to anyone. It was actually operated by a coffee shop that we shared a wall with. All you had to do was ask the barista for a key.  The *other* restroom was the one in the same building’s lobby. At the time, VT didn’t have an on suite restroom. It was only 20 feet to the “private” one, or 60 feet to the other one…no big difference.

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