ONESite, a profitable white-label social networking platform, purchased Social Platform in what Social Platform CEO Eric Schlissel calls the beginning of the end for the more than 30 players making such software. “I think a lot of companies will go out of business and will consolidate along a few key players,” Schlissel said. Terms were undisclosed, but with ONESite making $5 million last year as a dominant player, and Schlissel starting Social Platform on a $10,000 personal investment, we’re thinking scratch-off winnings rather than MegaMillions.

Squidoo is a website launched in October 2005. It is a platform designed to make it easy for anyone, for free, to set up a single page on a topic that a person has interest in and want it to share with friends or worldwide web.
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