Twitter Start-Up CoTweet Launches Paid Service

CoTweet, a start-up that helps businesses manage their Twitter accounts, is rolling out its first fee-based services, with McDonald’s (MCD), Ford (F) and SunTrust (STI) among its paying customers.

The San Francisco company said over the summer, when it announced $1.1 million in funding, that it would eventually charge for some offerings. Its new enterprise program starts at $1,500 a month, said Jesse Engle, CoTweet’s chief executive.

In exchange, customers get the ability to store data about their interactions with other Twitter users, including tweets, retweets, replies and direct messages, for as long as they’re an active client. The free version of CoTweet, in contrast, stores conversational data for 14 days, he said.

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