Mitsui & Co., Ltd., today announced it has made an investment in Feedster, a leading developer and provider of RSS search services for the Internet that will help Feedster expand its business worldwide.
Blogging has rapidly spread worldwide. In Japan, according to the research conducted by the Ministry of Internal Affairs and Communications early this year, about 3.35 million people blog and 16.5 million read blogs, both of which will double in number in a couple of years. This will stimulate demand for Feedster’s proprietary blog and RSS search engines.
“Mitsui has established its market leadership in Japan by offering its e-commerce clients a variety of e-marketing services that satisfies their needs through its strong relationship with major U.S. partners,” says Katsuhiko Oizumi, general manager, Internet service & marketing department, Mitsui & Co., Ltd. “We will expand their business horizon in cooperation with our existing e-Marketing services, and leverage our assets to enhance the corporate value of Feedster.”
“We are pleased to have Mitsui as an investor,” says Chris Redlitz, Feedster’s Vice President, Sales and Marketing. “Feedster is already a market leader in blog search and content syndication. With this investment we continue to distance ourselves from the field and prepare for global expansion.”
About Mitsui & Co., Ltd.
Mitsui & Co., Ltd., Japan, is one of the world's most diversified and comprehensive trading companies. Headquartered in Tokyo, Mitsui & Co., Ltd. maintains a global network of 175 offices in 75 countries, and has 723 subsidiaries and associated companies worldwide.