Renton-based Classmates Online said today it has spent $10 million in cash to acquire Opobox, a Massachusetts company that runs a social networking service called The Names Database.
Haven't heard of it? That's probably because most of its members are from outside the United States. Classmates said that The Names Database has registered 20 million members, but only 50,000 are paid subscribers and the service won't even generate $1 million in revenue this year.
Classmates Online, owned by the Woodland Hills, Calif.-based United Online, runs a Web site that aims to connect old acquaintances from school, work and the military. The Names Database has a similar mission, and gives expanded access to members for a monthly fee ranging from 50 cents to $1.