XING

{{Other uses|Xing (disambiguation){{!}}Xing}}

{{Infobox website

| name = New Work SE

| logo = XING Logo.svg

| logo_size = 170px

| company_type = Societas Europaea

| traded_as = {{FWB|NWO}}

| foundation = {{start date and age|2003|8}}

| location = Hamburg, Germany

| key_people = {{Plainlist|

Petra von Strombeck (CEO)
Patrick Alberts (CPO)
Ingo Chu (CFO)
Jens Pape (CTO)
Martin Weiss (chairman of the supervisory board)}}

| revenue = €235.1 million (2018)https://corporate.xing.com/fileadmin/user_upload/XING_FY_2018_Results_Presentation.pdf/ {{Dead link|date=February 2022}}

| assets = €273.5 million (2018)[https://corporate.xing.com/fileadmin/user_upload/XING_FY_2018_Results_Presentation.pdf/ 2018 Prelim results]

| equity = €98.3 million (2018)

| num_employees = 2327 (2020)

| url = {{Official website}}

| website_type = Professional network service

| language = {{hlist|Simplified Chinese|Dutch|English|Finnish|French|German|Hungarian|Italian|Japanese|Korean|Polish|Portuguese|Russian|Spanish|Swedish|Turkish}}

| registration = Required

| launched = {{Start date and age|2003|11}}

| intl = yes

}}

XING is a Hamburg-based career-oriented recruiting, job-search and social networking site, operated by New Work SE (until mid-2019 XING SE) and owned mainly by Hubert Burda Media.{{Cite news|url=https://www.handelsblatt.com/unternehmen/it-medien/karrierenetzwerk-xing-betreiberfirma-heisst-kuenftig-new-work-se/23973148.html|title=Karrierenetzwerk: Xing-Betreiberfirma heißt künftig New Work SE|website=Handelsblatt |language=de|access-date=2019-08-21}}{{Cite web |last=Voß |first=Jochen |title=Burda wird größter Aktionär bei Netzwerk Xing |url=https://www.dwdl.de/nachrichten/23547/burda_wird_grter_aktionr_bei_netzwerk_xing/ |access-date=2023-09-13 |website=DWDL.de |language=de}}

The site is primarily focused on the German-speaking market, alongside XING Spain; it competes with the American platform LinkedIn.{{Cite news|url=https://www.economist.com/business/2009/11/19/class-war|title=Class war|date=2009-11-19|newspaper=The Economist|access-date=2019-07-13}}{{Cite news|url=https://www.nytimes.com/2007/01/24/technology/24munich.html |title=Move Over Silicon Valley, Here Come European Start-Ups|last=Markoff|first=John|date=2007-01-24 |work=The New York Times |access-date=2019-07-13 |language=en-US}}

Company history

OPEN Business Club AG was founded in August 2003 in Hamburg, Germany, by Lars Hinrichs.{{Cite web|url=https://twitter.com/larshinrichs/status/14180646197|title=to all: XING has only *1* Founder and that's me. I am so fed up with people who try to claim some fame with the XING story.|last=Hinrichs|first=Lars|date=2010-05-17|website=@larshinrichs|language=en|access-date=2019-07-13}}{{Cite web|url=https://thenextweb.com/eu/2010/06/08/xing-founder-lars-hinrichs-launches-european-incubator-hackfwd/|title=XING founder Lars Hinrichs launches HackFWD, a new European startup incubator|last=Zee|date=2010-06-08|website=The Next Web|language=en-us|access-date=2019-07-13}} Its official debut was 1 November 2003. It was renamed XING in November 2006.

In its early years, the site pursued a global strategy; however, since 2012, XING has focused on the German-speaking market, as 76% of all XING page views come from Germany and 90% come from the D-A-CH area.{{Cite web|url=https://linkedinsiders.wordpress.com/2012/02/12/linkedin-the-next-big-xing-businessnetzwerke-in-deutschland-2012/|title=LinkedIn: The next big Xing? Businessnetzwerke in Deutschland 2012 |date=2012-02-12|website=LinkedInsider Deutschland|language=de-DE|access-date=2019-07-13}}

= Leadership =

Lars Hinrich led the company as CEO until 2009, when he was succeeded by Stefan Groß-Selbeck.{{Cite web|url=https://www.campaignlive.co.uk/article/xing-appoints-ebay-executive-gross-selbeck-ceo/864307|title=Xing appoints eBay executive Gross-Selbeck as CEO |website=Campaign UK |access-date=2019-07-13}} Thomas Vollmoeller then served from 2012{{Cite web|url=https://www.manager-magazin.de/unternehmen/karriere/thomas-vollmoeller-der-xing-chef-im-interview-a-1140167.html|title=Thomas Vollmoeller: Der Xing-Chef im Interview|website=manager magazin|date=27 March 2017 |access-date=2019-07-13}} and was succeeded by Petra von Strombeck in 2020.

= Number of users =

As of April 2019, XING reported 16 million members, up from 10 million members in the D-A-CH area in March 2016, which at that time included 880,000 premium members.{{Cite web|url=https://www.absatzwirtschaft.de/freude-bei-xing-karriere-netzwerk-vermeldet-ueber-10-mio-mitglieder-in-dach-region-79103/|title=Freude bei Xing: Karriere-Netzwerk vermeldet über 10 Mio. Mitglieder in DACH-Region|last=Bowser|first=Jacquie|date=24 November 2008|website=absatzwirtschaft |access-date=2019-07-13}}

= Ownership and acquisitions =

In November 2009, Hubert Burda Media acquired 25.1% of XING, becoming its main shareholder.{{Cite news|url=http://www.kress.de/cont/story.php?id=131394|archive-url=https://web.archive.org/web/20091121110228/http://www.kress.de/cont/story.php?id=131394|url-status=dead|archive-date=21 November 2009|title=Burda wird Hauptaktionär von Xing|date=18 November 2009 |work=kress |access-date=13 July 2019}} {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/907360368 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/906704119 cite #9 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}}{{Cite news|url=http://www.onlinepresse.info/node/4214|archive-url=https://web.archive.org/web/20091123065206/http://www.onlinepresse.info/node/4214|url-status=dead|archive-date=23 November 2009|title=XING: Hubert Burda Media neuer Hauptaktionär der XING AG|date=20 November 2009|work=OnlinePresse.info|access-date=13 July 2019}} {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/907360368 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/906704119 cite #10 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}}{{Cite web|url=https://www.wiwo.de/unternehmen/dienstleister/burda-xing-im-visier/6334128.html|title=Burda: Verleger Burda hat Xing im Visier|last=Schürmann|first=Christof|website=wiwo.de|language=de|access-date=2019-07-13}} {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/907360368 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/906704119 cite #11 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}} In 2010, XING acquired online event management company Amiando, changing its name to XING EVENTS.{{Cite web|url=https://www.gruenderszene.de/allgemein/amiando-xing-exit|title=Amiando gefühlt unter Wert verkauft: Xing übernimmt für 10,35 Mio. Euro|date=2010-12-10|website=Gründerszene Magazin|language=de|access-date=2019-07-13}} {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/907360368 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/906704119 cite #12 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}} In 2012, Burda increased its shareholding to over 50%.{{Cite web|url=https://www.manager-magazin.de/digitales/it/a-872587.html|title=Digitale Expansion: Medienhaus Burda hat Xing übernommen|website=manager magazin|date=12 December 2012 |access-date=2019-07-13}} {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/907360368 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/906704119 cite #13 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}} In 2013, XING acquired Austrian e-recruiting company Kununu.{{Cite news|url=https://www.zeit.de/news/2013-01/08/internet-xing-uebernimmt-karriere-portal-in-oesterreich-08180608|title=Internet: Xing übernimmt Karriere-Portal in Österreich |date=2013-01-08|work=Die Zeit|access-date=2019-07-13|language=de-DE}} {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/907360368 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/906704119 cite #14 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}} In 2015, XING announced a cooperation project with eyeson,{{Cite web|url=https://www.kleinezeitung.at/wirtschaft/4779566/|title=Videokonferenz: Xing setzt auf steirisches Know-how|date=2015-07-17|website=kleinezeitung.at|language=de|access-date=2019-07-13}} {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/907360368 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/906704119 cite #15 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}} a unified communications provider.{{Cite web|url=https://www.uctoday.com/collaboration/video-conferencing/visocon-named-2017-cool-vendor-gartner/|title=Visocon Named a 2017 Cool Vendor by Gartner|date=2017-07-31|website=UC Today|language=en-GB|access-date=2019-07-13}} {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/907360368 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/906704119 cite #16 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}} In 2017, XING acquired global expat network InterNations and Austrian recruitment company Prescreen.{{Cite web|url=https://futurezone.at/thema/start-ups/xing-kauft-wiener-start-up-prescreen-fuer-17-millionen-euro/274.347.108|title=Xing kauft Wiener Start-up Prescreen für 17 Millionen Euro|website=futurezone.at|date=10 July 2017|language=de|access-date=2019-07-13}} {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/907360368 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/906704119 cite #17 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}} In April 2019, XING paid €22 million for Honeypot, a Berlin-based IT job platform.{{Cite web|url=https://techcrunch.com/2019/04/01/german-linkedin-rival-xing-is-rebranding-as-new-work-acquires-recruitment-platform-honeypot-for-up-to-64m/|title=German LinkedIn rival Xing is rebranding as 'New Work,' acquires recruitment platform Honeypot for up to $64M|last=Lunden|first=Ingrid|website=TechCrunch|date=April 2019 |language=en-US|access-date=2019-07-13}} {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/907360368 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/906704119 cite #18 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}}

class="wikitable" style="text-align:right;" \|+ XING shareholders !scope="col"\| Shareholder !scope="col"\| Proportion of holding (in %)
scope="row"\| Burda Digital \| 54.84
scope="row"\| Oppenheimer Holdings \| 5.04
scope="row"\| Wasatch Advisors \| 3.02
scope="row"\| Union Investment (majority for DZ Bank ) \| 2.98
scope="row"\| DWS Investments (majority for Deutsche Bank ) \| 2.95
scope="row"\| Norges Bank \| 2.83
scope="row"\| free float \| 32.92

class="wikitable" style="text-align:right;"

|+ XING shareholders

!scope="col"| Shareholder

!scope="col"| Proportion of holding (in %)

scope="row"| Burda Digital

| 54.84

scope="row"| Oppenheimer Holdings

| 5.04

scope="row"| Wasatch Advisors

| 3.02

scope="row"| Union Investment
(majority for DZ Bank )

| 2.98

scope="row"| DWS Investments
(majority for Deutsche Bank )

| 2.95

scope="row"| Norges Bank

| 2.83

scope="row"| free float

| 32.92

= IPO =

XING became the first Web 2.0 company to go public in Europe,{{Cite web|url=https://econsultancy.com/web-2-0-company-xing-raises-eur35-7-million-in-ipo/|title=Web 2.0 company Xing raises €35.7 million in IPO|last=Charlton|first=Graham|date=2006-12-12|website=Econsultancy|language=en|access-date=2019-07-13}} {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/907360368 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/906704119 cite #19 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}} debuting on 7 December 2006 at an issue price of 30 euros per share.

Website

The platform offers personal profiles, groups, discussion forums, event coordination, and other common social community features. Basic membership is free, but many core functions, like searching for people with specific qualifications or messaging people to whom one is not already connected, can only be accessed by the premium members. Premium membership comes at a monthly fee from €6.35 to €9.95 depending on the billing interval you choose and the country one is from.{{Cite web |url=https://www.xing.com/app/billing |title=Premium Account Upgrade, 18 March 2014 |access-date=18 March 2014 |archive-date=21 April 2014 |archive-url=https://web.archive.org/web/20140421221420/https://www.xing.com/app/billing |url-status=dead}} The platform uses https and has a rigid privacy and no-spam policy.

XING has a special Ambassador program for each city or region around the world with a substantial constituency. The Ambassadors hold local events that promote the use of social networking as a business tool, letting members introduce business ideas to one another.

XING also offers the system for closed communities, called Enterprise groups with their own access paths and interface designs. The platform serves as the infrastructure for corporate groups, including IBM, McKinsey, Accenture and others.{{cite web|url=http://www.searchenginejournal.com/?p=4328 |title=LinkedIn takes on Xing, or the other way around! |last= Cumbrowski |first=Carsten |date=29 January 2007 |website=Search Engine Journal}}

About 76% of all pageviews come from Germany, 90% from the D-A-CH area (Germany, Austria and Switzerland).

As of 15 September 2017 XING had changed its legal status to become a Societas Europaea.{{Cite web | url=https://corporate.xing.com/en/newsroom/press-releases/meldung/new-legal-status-xing-to-become-a-european-company/ | title=Startseite}}{{Dead link|date=August 2023 |bot=InternetArchiveBot |fix-attempted=yes}}

= Revenue =

class="wikitable" style="text-align:right;" \|+XING sales (€){{Cite web \|title=New Work: annual revenue 2022 \|url=https://www.statista.com/statistics/266178/annual-revenue-of-xing/ \|access-date=2024-03-17 \|website=Statista \|language=en}} !scope="col"\| Year !scope="col"\| Sales in € million !scope="col"\| Employees
scope="row"\| 2008 \| 35.3 \| 174
scope="row"\| 2009 \| 45.1 \| 265
scope="row"\| 2010 \| 54.3 \| 306
scope="row"\| 2011 \| 66.2 \| 456
scope="row"\| 2012 \| 73.3 \| 513
scope="row"\| 2013 \| 84.8 \| 571
scope="row"\| 2014 \| 101.4 \| 649
scope="row"\| 2015 \| 123.0 \| 792
scope="row"\| 2016 \| 148.5 \| 961
scope="row"\| 2017 \| 187.8 \| 1,290
scope="row"\| 2018 \| 235.1 \| 1,567
scope="row"\| 2019 \| 269.2 \| 1,778
scope="row"\| 2020 \| 276.5 \| 1,787
scope="row"\| 2021 \| 284.5 \| 1,712
scope="row"\| 2022 \| 313.4 \| 1,887

class="wikitable" style="text-align:right;"

|+XING sales (€){{Cite web |title=New Work: annual revenue 2022 |url=https://www.statista.com/statistics/266178/annual-revenue-of-xing/ |access-date=2024-03-17 |website=Statista |language=en}}

!scope="col"| Year

!scope="col"| Sales in € million

!scope="col"| Employees

scope="row"| 2008

| 35.3

| 174

scope="row"| 2009

| 45.1

| 265

scope="row"| 2010

| 54.3

| 306

scope="row"| 2011

| 66.2

| 456

scope="row"| 2012

| 73.3

| 513

scope="row"| 2013

| 84.8

| 571

scope="row"| 2014

| 101.4

| 649

scope="row"| 2015

| 123.0

| 792

scope="row"| 2016

| 148.5

| 961

scope="row"| 2017

| 187.8

| 1,290

scope="row"| 2018

| 235.1

| 1,567

scope="row"| 2019

| 269.2

| 1,778

scope="row"| 2020

| 276.5

| 1,787

scope="row"| 2021

| 284.5

| 1,712

scope="row"| 2022

| 313.4

| 1,887

=XING Mobile=

Xing.com Mobile allows users to access some of its functions using a mobile phone, PDA or smartphone. Standards supported: HTML 3.2, XHTML MP 1.0, WML 1.1.

=XING plug-ins=

Xing.com plugins are available for free download that allow contact synchronization with productivity and office suites such as: Lotus Notes, Microsoft Outlook,[http://www.netzwelt.de/news/89813-anleitung-soziale-netzwerke-microsoft-outlook.html Tutorial: Connecting Social Networks with Outlook] (German) Windows Address Book and Outlook Express. It also allows manual CSV File import–export and has a Firefox search plug-in.

Recruitment

Since October 2007, XING has run a job marketplace for candidates and recruiters. Alongside fixed-price job ads, XING was one of the first German job boards to use a pay-per-click payment model, where the cost of an ad is based on user views.