BusinessDev

Jul. 23, 2009 1:11 pm

CoTweet heading to Bay Area after $1.1 million round, rumors of Twitter “acquisition target”

After announcing $1.1 million in venture capital investments, once Central Pennsylvania-based CoTweet is moving to San Francisco, according to the Wall Street Journal. The company, which develops a web-based application for Twitter that allows businesses to assign multiple team members to control commercial accounts, received funding from West Conshohocken-based First Round Capital and a handful […]

After announcing $1.1 million in venture capital investments, once Central Pennsylvania-based CoTweet is moving to San Francisco, according to the Wall Street Journal.

The company, which develops a web-based application for Twitter that allows businesses to assign multiple team members to control commercial accounts, received funding from West Conshohocken-based First Round Capital and a handful of other non-Philly firms. [Full Disclosure: Technically Philly uses CoTweet for forward-dated Twitter posts]

According to two job openings recently added to the company’s internal job board, the company is headed for the SoMa neighborhood of downtown San Francisco, an area well-known for its roots in the dot com boom.

CoTweet executives are in the process of packing their bags, according to several messages posted to Twitter from company co-founders.

The company could not be reached for comment.

Last week, CoTweet received attention when TechCrunch reported that the company was eyed by Twitter as an “acquisition target” in confidential leaked documents.

Details emerged after the publication acquired hundreds of corporate and personal documents of Twitter employees from a French hacker known as “Hacker Croll.”

According to the documents, Twitter was exploring commercial account opportunities and was possibly considering acquiring CoTweet. Twitter also considered other options, like partnering with or contracting the company.

The hacker who obtained the documents used a series of social engineering tactics to infiltrate a number of Twitter employees personal accounts that included Gmail, Google Apps, GoDaddy, MobileMe, AT&T, Amazon, Hotmail, PayPal and iTunes, according to an extensive and fascinating background piece written by TechCrunch.

-30-
Brian James Kirk

Brian James Kirk is a cofounder of Technical.ly, the local technology news network. Previously, Kirk was Web Editor of PlanPhilly, an independent online news resource covering planning and development issues in Philadelphia, and a freelance writer and designer. He resides in South Philadelphia.

Advertisement