CrowdSavings.com Acquires HugeDailyDeal.com and Launches Buffalo Daily Deals
Tampa, FL (December 5, 2011) — CrowdSavings.com, a leader in the national daily deal industry, enters its fifteenth (15th) market with the acquisition of HugeDailyDeal.com. Connecting Buffalo’s residents and vacationers with fantastic local deals on products and services, HugeDailyDeal.com has been a significant part of the daily deal market since January of 2011.
“We are excited that our customers and loyal merchants in Buffalo have the opportunity to become part of the CrowdSavings experience,” said Jay Rathman, President and CEO of HugeDailyDeal.com, who will be staying on as part of the CrowdSavings team. “Our customers will continue to receive the highest quality deals from local Buffalo merchants, as well as access to CrowdSavings’ wide array of national deals; it really will be a seamless transition,” he added.
HugeDailyDeal’s success in the Buffalo market made them an attractive acquisition target for larger daily deal companies like CrowdSavings.com.
“We are extremely pleased with the success HugeDailyDeals’ management and sales team has been able to achieve in the Buffalo market,” says CrowdSavings Founder and CEO, Chad Jaquays. “Their ability to work with high quality merchants and offer exceptional local deals has resulted in a very loyal following of consumers. We hope to significantly improve the overall experience for the daily deal consumers in the Buffalo area.”
This is CrowdSavings' ninth (9th) acquisition this year and comes on the heels of its PlayHawaii purchase on October 5th, giving the company an even larger presence in the daily deal market.
“We have several additional acquisition opportunities we are currently evaluating,” said Douglas Bauer, CrowdSavings CFO. “Our lean management structure, coupled with a highly automated and scalable platform allows us to move quickly on acquisition opportunities and provide a seamless integration in just a matter of a few days,” Bauer added.
Founded in 2009, CrowdSavings.com has been offering huge discounts of 50 to 90 percent off retail prices to consumers, featuring daily deals from local restaurants, spas, salons, theaters, museums, boutiques, home services, local events, festivals, automotive services and recreational activities. Based in Tampa, Fl., CrowdSavings.com leverages the power of social media networks such as Twitter and Facebook to encourage viral sharing of its daily deals. The company offers its merchants, who feature daily deals on the CrowdSavings.com site, unique marketing and highly beneficial advertising tools. Currently CrowdSavings has active markets in Albany, Atlanta, Austin, Cleveland, Denver, Honolulu, Houston, Kansas City (Johnson County), Las Vegas, Nashville, San Francisco, Southern California, Tampa Bay and Utica.