CrowdFactory.com - Social media platform

"Traditional media are losing their reach. Tivo, spam-blockers, information overload, and the inability to deliver relevant information to consumers and track the effectiveness of campaigns have created a void for new forms of marketing to fill. The emerging social media - the synergy of online identity, communication, consumer-generated content, and traditional media combine to create compelling experiences for consumers. Social media have surpassed simple trend into phenomenon.

To help companies leverage the new medium, we have developed a social media platform and toolset to power white-label social network communities. Our offering includes social network communities with user profiles, blogs, comments, groups, discussions and photo albums, all completely customizable to create the optimal customer experience. The service is offered on a hosted basis, and can be deployed quickly and easily at a fraction of the cost of developing software in-house.

Our vision is to deliver social media in a way that makes it easy and effective for marketers and developers to create and power the best consumer experience possible.

Our backgrounds include key roles at Google, Oracle, Yahoo, AOL, Intertrust, Tribe.net, and others. Contact us to learn more, or sign up for a demo and we will contact you."

These days Facebook just doesn't cut it - people want their own social networks, which serve their own business, social, and ideological agendas. CrowdFactory seems to offer everything a social site could possibly have, and it's all for one package price. Is CrowdFactory going to be like the next WordPress of the social networking world?

I'm wondering about pricing. Is it really cheaper than having a developer create the platform?