CrowdSavings.com Acquires Faveroo and Expands Its Offerings to Columbus
Tampa, FL (September 6, 2012) — CrowdSavings.com, a leader in the daily deal industry, has acquired Faveroo in Columbus, OH. Connecting residents with local deals on products and services, Faveroo has been a significant part of the Columbus daily deal market since August 2010.
“We are extremely excited about the value that CrowdSavings will bring to our loyal customers and merchants in Columbus,” says Faveroo CEO, Wayne Lewis. “This will be a seamless transition and our customers will continue to receive the highest quality deals from local merchants along with new national products and regional travel deals.”
Over the next few weeks, the transition and integration process will be underway and Faveroo deals will be featured on the CrowdSavings platform later this month. Details of the acquisition were not disclosed.
“We are extremely pleased with the success Faveroo’s management and sales team has been able to achieve in Columbus,” 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 5th acquisition this year. Faveroo is CrowdSavings’ 15th acquisition since its launch in late 2009 and one of several scheduled for the remainder of 2012. CrowdSavings will now serve more than 32 U.S. markets, with offers from local merchants as well as national offerings that reach consumers from coast to coast.
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 email, social networking and affiliate partners to drive measurable and profitable results.