CrowdSavings.com Acquires Deal Garden and Launches in Seven New Markets in The Midwest
Tampa, FL (August 6, 2012) — CrowdSavings.com, a leader in the daily deal industry, has acquired Deal Garden and launched in seven new Midwest markets: Topeka, KS; Manhattan, KS; Lawrence, KS; Cedar Valley, IA; Sioux City, IA; Rochester, MN and Midwest Getaways, a section for regional travel deals.
Connecting area residents and vacationers with fantastic local deals on products and services, Deal Garden has been a significant part of the daily deal market since December 2010.
“When we thought about taking Deal Garden to the next level, we decided a merger with CrowdSavings made tremendous sense,” says Deal Garden Co-Founder, Pat Lazure. “They have the vision, leadership, technology platform and access to investment capital to achieve phenomenal success in the weeks, months and years ahead. We are also excited that CrowdSavings will be expanding our section for travel deals across their platform.
Over the next few weeks, the transition and integration process will be underway and Deal Garden deals will be featured on CrowdSavings.com early next month. Details of the acquisition were not disclosed.
“We are extremely pleased with the success Deal Garden’s management and sales team has been able to achieve in the Midwest,” says CrowdSavings Founder and CEO, Chad Jaquays. “Their ability to work with high quality merchants and offer exceptional local deals has resulted in a loyal following of consumers.”
CrowdSavings is a leading consolidator of daily deal sites in the U.S. and has just completed its 4th acquisition in the last 45 days. Deal Garden is CrowdSavings’ 14th acquisition transaction since its launch in late 2009 and one of several scheduled for the remainder of 2012. CrowdSavings will now serve more than 30 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.