nCrowd Announces Spreebird Purchase
ATLANTA (July 29, 2013) – nCrowd, Inc., the Atlanta-based parent company of social commerce websites CrowdSavings, Half Off Depot, Groupalicious, and Tippr has purchased the Spreebird deals business from Local Corporation (NASDAQ: LOCM).
Under the terms of the definitive agreement, nCrowd acquired the Spreebird business and all related assets. The transaction is connected to Local Corporation’s exit from the direct SMB sale market earlier this year.
The purchase of Spreebird marks the 21st such transaction for the nCrowd team as it continues to consolidate the growing online local marketing industry. nCrowd now has over 4 million consumer members nationwide and offers local merchants a comprehensive platform for customer acquisition and retention.