CrowdSavings.com Acquires BargainBee.com and Launches Four New Markets in Louisiana
Tampa, FL (July 10, 2012) — CrowdSavings.com, a leader in the daily deal industry, has acquired BargainBee.com and launched in four new markets in Louisiana: Baton Rouge, Lafayette, Lake Charles and New Orleans. Connecting area residents and vacationers with fantastic local deals on products and services, BargainBee has been a significant part of the daily deal market since April 2010. Financial details of the acquisitions were not disclosed.
“We are extremely excited about the extensive value that CrowdSavings will bring to our customers and loyal merchants in Louisiana,” says Nicholas Fontenot, COO of BargainBee, who will be staying on as the local marketing manager at CrowdSavings. “This will be a seamless transition. Our customers will continue to receive the highest quality deals from local merchants, as well as the same superior level of customer service that they’ve always experienced.”
The transition and integration process has been underway the past couple of weeks, and beginning today, deals being offered in the Bargain Bee markets will launch on the CrowdSavings platform under the CrowdSavings brand.
"The team at BargainBee has done a tremendous job building a strong base of loyal merchants and customers throughout Louisiana,” says CrowdSavings Founder and CEO, Chad Jaquays. “We are also excited about the talented Account Executives from BargainBee that have joined our team in the last week. They bring a wealth of knowledge and experience from the area that will greatly benefit our sales staff.”
CrowdSavings is a leading consolidator of daily deal sites in the U.S. and has just completed its 3rd acquisition in the last 30 days. BargainBee is CrowdSavings’ 13th acquisition transaction since its launch in late 2009 and one of several scheduled for the remainder of 2012. CrowdSavings will now serve 24 U.S. markets, with offers from local merchants as well as national offerings that reach consumers from coast to coast. Management anticipates revenue growth of nearly 400% for 2012 compared to 2011.
CrowdSavings.com is an e-commerce marketplace offering consumers discounted products and services from local businesses and online retailers. Founded in August of 2009 and headquartered in Tampa, Fl., the company provides local merchants risk-free, pay-for-performance customer acquisition campaigns that utilize comprehensive online marketing techniques like email, social networking and affiliate partners to drive measurable and profitable results.