Social intranet is fast becoming a widely adopted technology in a majority of businesses. It is widely being accepted as an essential tool in helping employees collaborate and perform better in their daily work.
The following inforgraphic by Bitrix24 shows some facts about social intranet and small businesses.
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This seems to be some what like path.com, but for companies.
Well, not really like path.com, but yeah mostly they want to create a social intranet so that it's easier to communicate with people inside your organization.
And yes, considering that all info about the company will be there, you can actually relate to path.com, for a company.