Google, has acquired The Dealmap, a company that aggregates local deals. The Dealmap, founded in May 2010, does not offer deals on its own but aggregates various local ffers in one place. It grew to more than two million users during its first year.
The Dealmap is the leading source for people to find and share the best local deals, all in one place. The company indexes local deals from hundreds of sources, including national brands, daily deal websites, local businesses and consumers, and makes previously hard-to-find deals easily discoverable. The Dealmap makes local deals available to people when and where they want them, through the company’s award-winning mobile apps, its website, social applications, and daily deals email. The Dealmap showcases savings of more than $10 million available each day across multiple business categories.
The Dealmap is headquartered in Menlo Park, Calif., and is led by former Microsoft and Yahoo! executives with funding by Norwest Venture Partners and KeyNote Ventures.
“We are impressed with what The Dealmap team has accomplished and excited to welcome them to Google,” a Google spokeswoman said in a statement.
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“We’ve been thrilled with the early success of our commerce offerings, and we think they can help us build even better products and services for consumers and merchants,” she said.
Google is offering local bargains in New York, Portland and San Francisco in a challenge to online discount star Groupon and the Internet giant plans to expand Google Offers to Austin, Texas, Boston, Denver, Seattle and Washington. The Dealmap will surely help in that regard. Through its DealExchange platform, The Dealmap provides tools that allow publishers and developers to easily integrate local deals into their products. The platform also gives small businesses and deal providers the ability to reach more than 85 million visitors through The Dealmap network.
“We believe Google provides the ideal platform to help us accelerate our growth and fulfill our mission,” The Dealmap said in a blog post.
“We’re passionate about helping people save money while having great local experiences, and in Google we’ve found the perfect partner that shares this passion, as well as our vision and strategy,” The Dealmap said.
“We believe that joining Google will help us innovate in new and unexplored areas of commerce,” it said.
Google Offers is a rival to Chicago-based Groupon, which offers subscribers online coupons for discounts on a broad range of consumer goods and services.
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Deal of the Day: Google Buys The Dealmap
We’re thrilled to announce that The Dealmap has been acquired by Google.
Since launching The Dealmap in May 2010, our team has worked to build a great product where people can find and share all the best local deals, all in one place. In our first year alone, The Dealmap grew to more than two million users of our web, mobile, social and email products, and more than 85 million monthly visitors to our partner network. The journey that has led to this outcome has been an invigorating and rewarding one, and we are very proud of the innovative products and industry “firsts” we’ve created along the way.
We believe Google provides the ideal platform to help us accelerate our growth and fulfill our mission. We’re passionate about helping people save money while having great local experiences, and in Google we’ve found the perfect partner that shares this passion, as well as our vision and strategy. We believe that joining Google will help us innovate in new and unexplored areas of commerce.
For the time being, we will continue to support The Dealmap’s core products and partner services. People will still be able to access local and daily deals through The Dealmap website, mobile apps, and daily email, and we’ll continue supporting The Dealmap API and feeds for existing sourcing and distribution partners. As we’re ready to share more about integration and transition plans, we’ll update our partners and consumers on progress and any news.
Until then, we’d like to take a moment to thank everyone who has made reaching this milestone a possibility – our investors, our partners, all the people who sent us great feedback and encouragement, and especially the more than 2 million people who use our products.
Cheers,
The Dealmap Team