CrowdSavings.com Acquires Muncharoo and Expands in Kansas City
Tampa, FL (June 22, 2012) — CrowdSavings.com, a leader in the daily deal industry, has acquired Muncharoo, expanding its market in the Kansas City area. Muncharoo has been providing exceptional local restaurant deals since June 2010.
“When we thought about taking Muncharoo to the next level, we decided a merger with CrowdSavings.com made tremendous sense,” says Muncharoo President, Eric Vianello. “They have the vision, leadership, technology platform and access to investment capital to achieve phenomenal success in the weeks, months and years ahead. For these reasons, we are excited about merging with CrowdSavings.com and becoming shareholders."
The transition and integration process are underway and Muncharoo deals will be offered on CrowdSavings.com later this week. Details of the acquisition were not disclosed.
“The management team at Muncharoo has done a tremendous job building a strong base of loyal merchants and customers in the Kansas City market, and we are excited about the talented Account Executives from Muncharoo that have joined our team in the last week,” says CrowdSavings.com Founder and CEO, Chad Jaquays. “They bring a tremendous amount of restaurant knowledge that will benefit all of our markets.”
CrowdSavings.com is a leading consolidator of daily deal sites in the U.S. and has acquired three companies this month. Muncharoo is CrowdSavings.com’s 12th acquisition transaction since its launch in late 2009 and one of several scheduled for the remainder of 2012. CrowdSavings.com will now serve 20 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.