Group Commerce Acquires Dealised Europe to Accelerate International Expansion
NEW YORK, March 9, 2012 /PRNewswire/ -- Group Commerce Inc., the industry leading e-commerce platform built for the unique needs of publishers and merchants, today announced the acquisition of Dealised's operations in Europe. Dealised provides a social commerce technology for major media companies around the world, as well as best practice digital analytics and marketing solutions.
Group Commerce's planned expansion to Europe is significantly accelerated via this acquisition, which provides the company with an experienced team and an installed client base - including one of the UK's leading newspapers, The Daily Telegraph.
"Acquiring Dealised's European business provides us with quality customers and revenue, thus enabling us to expand our industry leadership globally," said Jonty Kelt, CEO of Group Commerce. "Their experienced team, clients, and revenues, coupled with our mature technology platform, deep merchandising strategy, and merchant sales experience will prove a powerful combination."
Group Commerce's acquisition comes on the back of strong momentum in the US, with clients such as CBS, The New York Times, Boston.com, DailyCandy and Active.com, as well as $18.5m in funding from Spark Capital and Carmel Ventures.
"The opportunity to make this transition is exciting for us," says Jonathan Marchbank, CEO of Dealised. "While we believe very strongly in the fundamentals of our European business, we have decided to focus our efforts on the Asian market. We're thrilled that a company of Group Commerce's caliber will be assuming control of our European operations and client base, and we look forward to working with them to make their expansion to Europe a successful one."
David Lebow, President-Revenue, will oversee Group Commerce's European program, with all clients enjoying the same superior professional services and technology that currently power the success of Group Commerce's partners in the US.
ABOUT GROUP COMMERCE
Group Commerce is the market-leading platform for publishers who want to succeed in e-commerce. The company serves the three groups that make an e-commerce program work: the consumer, the publisher, and the merchant.
Founded in 2010, Group Commerce is backed by Spark Capital, Carmel Ventures, Lerer Ventures, and Bob Pittman. Our clients include Boston.com, CBS Local Boston, DailyCandy, Rogers Media, the New York Times, Thrillist, and more.
Dealised provides a digital promotions platform, including deal sourcing and marketing services, to power daily deals for media publishers, retailers and other verticals, diversifying distribution channels and increasing revenue. Founded in 2010 by PollenizerAustralia, Dealised is backed by SingTel Innov8 and Yuuwa Capital LP.
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