Faveroo bought by CrowdSavings.com
Faveroo has been bought by CrowdSavings.com.
Daily deal industry leader CrowdSavings.com has completed the acquisation of Faveroo, which is based in Columbus, Ohio.
Merger and acquisition consultants may have been used over the process of the takeover, with CrowdSavings describing Faveroo as a significant part of the Columbus daily deal market since August 2010.
Faveroo chief executive officer Wayne Lewis stated everyone at the firm is "excited" about the value CrowdSavings is set to bring to its customers and merchants in Columbus.
"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," he said in a statement.
CrowdSavings founder and chief executive officer Chad Jaquays added the organisation is pleased with Faveroo's management and sales team's success in Columbus.
Founded in August 2009 with its headquarters in Tampa, Florida, CrowdSavings provides local merchants with risk-free, pay-for-performance customer acquisition campaigns.
Posted by David Gleck
Source: CrowdSavings.com press release, September 6th