| Acquired by | Shutterfly |
| Price | $15M |
| Date | 1/08 |
| Terms | Cash |
Nexo sells itself as the social network for families and small groups. Nexo was acquired for $15 million by Shutterfy in January of 2008.
Launched at the January 2007 Demo conference, Nexo lets users design to design their family webpages, upload videos, photos, and integrate any other third-party widgets. Whenever users make an update, such as an event time change, they are able to the group by email - every member can specify how often, if at all, they are notified by email. Nexo clearly caters to families, church groups, sports teams and hobby groups for example.
Founders Jorasch and McGannon founded Octopus, a company that was backed by Redpoint among others, as well as Metropolis Software. The latter, which focused on software automation, was bought by Clarify.
Competitors include Myfamily, Cozi, GetVendors, and Yahoo Groups.
