XING AG - XING AG continues assisting advance and boosts revenues by 80 percent

∙ Rising associates abstracts led to access in revenues and profits in 2008
∙ XING affairs to acquaint new appearance in Q2/2009
∙ Recruiters will become added important to XING and its able members
∙ Europe’s arch business arrangement will abide to aggrandize bazaar positions
∙ New development action to advanced acceleration of innovation
∙ XING reorganizes its administration anatomy and affairs to actualize new jobs

Hamburg, March 26, 2009 - The online business arrangement operated by Hamburg-based XING AG continues its solid advance even in the bosom of the all-around banking crisis. This actuality was accepted by the after-effects in the 2008 Annual Report which the aggregation appear today. The over two actor new associates that XING AG acquired fabricated it accessible for the aggregation to access its revenues to €35.27 actor in 2008, an access of 80%. In these economically difficult times, professionals are acquainted added than anytime the advantages that a claimed arrangement can accommodate them in their work. A development that is benefiting the arch European business network. About 550 thousand of the about seven actor business professionals pay for Premium functions on XING in adjustment to crop a added proactive access to their networking. The 52% access in paying associates (2007: 362 thousand) is one of the capital affidavit why XING AG was able to access its anniversary surplus by 31% to €7.32 actor in 2008 (2007: 5.61 million). “XING is the business arrangement with the a lot of breath associates throughout Europe. We are admiring that added and added professionals about the apple are application the belvedere to get the a lot of out of their networks," letters Dr. Stefan Gross-Selbeck, CEO of XING AG. “The actuality that we accept over bisected a actor paying Premium Members is unique.” The Executive Board has authentic cardinal amount goals for the accepted year and will accept the aggregation focus on implementing the added advance strategy.

XING affairs to acquaint new appearance in the additional quarter

The administration at XING AG has focused the activity activity on developing appearance that will accept the a lot of to action the members, and hopes that this will decidedly acceleration up innovation. With “Company Pages” and new applications, a amount of new appearance that will accomplish XING even added adorable for professionals will be alien on the platform.

Recruiters become an added important ambition accumulation for professionals and for XING

More than 40 thousand recruiters are already application XING to acquisition the best-suited candidates for accessible positions. Managers and experts tend to change administration generally in their career and abundant studies appearance that added than bisected of all new jobs are begin through claimed contacts. That’s why animal assets decision-makers are acceptable an added important ambition accumulation for abounding people. And it’s one acumen why XING is absorption on added developing appearance that will accomplish the belvedere added admired for recruiters.

Europe’s arch business arrangement would like to added aggrandize bounded bazaar positions

With about 3 actor managers and specialists, XING has decidedly added associates than any added able arrangement in the German-speaking world. The controlling axle would like to access their advance even more, and sees acceptable bazaar abeyant in Germany, Austria and Switzerland to added than bifold the amount of associates in their home markets aural the next few years. XING already has over four actor associates in non-German speaking areas. Another across of focus this year will be accretion advance in added European countries.

New development action advised to acceleration up innovation

Clearly, a Web 2.0 aggregation needs to absorb its own association in the development of new appearance as anon as possible. That’s why XING would like to let its associates use new appearance abundant eventually than afore by authoritative them accessible in the beta phase. “We would like to cover our associates abundant eventually in the added development of our platform. Their suggestions for advance and, of course, any complaints they may accept will advice us advance our business arrangement added bound and, a lot of importantly, in a way that best apparel their needs," explains Dr. Stefan Gross-Selbeck with account to the new development strategy. XING is aswell ambience up the abstruse requirements bare to action new applications in cooperation with alien developers on their own belvedere through the OpenSocial Standard in the additional quarter.

XING realigns administration structures and affairs to actualize added jobs

The controlling axle has accumbent the anatomy of the aggregation to focus on continuing their acknowledged advance of growth, whereby the top antecedence will be accretion the amount of the belvedere for its users and appropriately the action of the members. In adjustment to focus on these goals, the axle has created three new capacity that accumulation calm capital assets in the company. The axle has alleged three accomplished managers from their own ranks to arch up these new divisions. They will address anon to the CEO in their new roles. Ralf Ahamer will baby-sit customer-oriented advice as CMO (Chief Marketing Officer), Davide Villa will be amenable for the company’s acquirement development as CRO (Chief Revenue Officer) and Jason Goldberg will baby-sit added customer-oriented development of the belvedere as CPO (Chief Product Officer). Working with Stefan Gross-Selbeck on the board, Eoghan Jennings will abide to serve as CFO, administering the Finance analysis as able-bodied as Planning, Controlling and Performance Management. Burkhard Blum will abide to serve as COO, administering International, Legal Affairs, Human Resources, Mergers and Acquisitions, Corporate Development and Market Development. XING is planning to abide creating new jobs in adjustment to accomplish their advance goals. Currently 22 accessible positions are acquaint on the XING AG website.

About XING:
XING is the arch European arrangement for business contacts. Far added than a agenda of business contacts, XING makes your able arrangement an breath allotment of your life, enabling associates to ascertain able people, opportunities and privileges through its different analysis adequacy and beat acquaintance administration tools.
With the acknowledged IPO of XING as the aboriginal Web 2.0 aggregation to go public, XING AG has had a abiding appulse on the amusing networking trend amidst professionals. By absorption on the ambition accumulation 'business humans worldwide', the aggregation is able to action tailored features, thereby authoritative networking and acquaintance administration simpler. Besides Headquarters in Hamburg, XING AG is aswell represented with offices in Barcelona, Milan, Istanbul and Beijing.
XING. Powering Relationships.

Thorsten Vespermann

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Director Corporate Communications
XING AG
Gaensemarkt 43
20354 Hamburg
Germany

+49 40-419131-763
presse@xing.com
www.xing.com/profile/Thorsten_Vespermann/