More on Friendster/Eurekster Deal

A little more about the Friendster/Eurekster partnership that Chris wrote about for SearchDay on Thursday.

From an article on Stuff, a New Zealand news site:

Eurekster president Grant Ryan says the contract will bring in “at least mid-six figure” revenues per year and is the biggest deal the company has secured so far.

Thanks to the deal, Mr Ryan expects Eurekster to be cash-flow positive in a few months.

The company was founded in December and has 12 staff. Though headquartered in San Francisco, it is majority-owned by Kiwi firms SLI Systems and RealContacts, both based in Christchurch. US TV network NBC has a 7 per cent stake.

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