40 Customers in Just 6 Months
Thursday, September 18th, 2008The number of social media companies keep growing. H2O New Media is just another recent entrant. H2O Media is based in Dubai and was launched 6 months ago. To date they have 40 customers across different countries. Some of these include: Al Maya Group, Sian, Strawberry PR & Event, CMPI Exhibitions, CSM, Zaman, Euro RSG, the American Business Council to name just a few.
H2O plans to compete with other social media leaders such as Mzinga and Awarness. Companies whose valuations excess US$300 million.
A main difference between H2O and their competitors is that H2O plans to open source it’s technology, while selling a SAAS based version of its application.
As demonstrated by H2O, the social media market is growing, while the competition is going to continue to get steep.