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Another potential Canadian success story has been whisked away to our cousins south of the border last week as Edmonton-based Cubics was acquired by Adknowledge out of San Francisco. Cubics is an advertising network that was created to focus on the Facebook developer community and at time of acquisition had an ad inventory of over 500 application developers which served thousands of small business advertisers.

Dwayne Lafleur, Founder of Cubics, said: “We are excited about combining our business with the Adknowledge platform as the social advertising space grows. In addition to Facebook, we are now supporting Friendster and plan to support Bebo in the coming weeks. With the announcements by MySpace and others, we are excited about the potential of remaining the leading ad network for application developers.”

Categories: Deal Flow, Social Media
Tags: Facebook, Online Advertising, Social Networks