Savings.com

Savings.com is a website that offers coupons and promotional savings, known as "deals," redeemable at nationally recognized merchant web sites and stores. Savings.com sources much of its content from the stores they are affiliated with, members, and their own internal team.

Savings.com, Inc.
Private
IndustryOnline Coupons
Founded2007 (2007)
Santa Barbara, California, U.S.
HeadquartersSanta Monica, California, U.S.
Area served
USA
Key people
Loren Bendele (CEO, Co-Founder),
Marcus Flemming (VP, Growth, Co-Founder),
Tom Kuljis (VP, Operations, Co-Founder),
Joe Zulli (CTO, Co-Founder)
Number of employees
50
ParentPlatinum Equity
Websitesavings.com

Savings.com is headquartered in Santa Monica, California.

History

The Savings.com domain was purchased in 2003 by a founder of the affiliate marketing company Commission Junction, Inc.[1] The savings.com domain sold for $1.9 million and ranks among the top 40 most expensive domains ever sold.[2] The company originally functioned as a lead generation resource in 2004. Savings.com relaunched in its present-day form in 2007, founded by Loren Bendele, Marcus Flemming, Tom Kuljis and Joe Zulli, and made the move to exclusively offer online and offline coupons. Savings.com announced in November 2008 that it closed $4 million in series B funding led by U.S. Venture Partners.[3]

In 2009, Savings.com launched a sister site branded as Savoo.co.uk to serve the voucher code market in the United Kingdom. In 2012, Savoo expanded operations to Germany. Currently, Savoo serves 12 markets, including the United Kingdom, Germany, France, Spain, Italy, Netherlands, Australia, Canada, Brazil, Ireland, Austria and Mexico.[4]

In June 2012, Cox Target Media announced the acquisition of Savings.com, Savoo.co.uk and Savoo.de for more than $100 million with additional payments over the coming years.[5][6]

Savings.com expanded into grocery in October 2013, launching Favado, a mobile grocery savings app.[7] In 2015, Savings.com partnered with the technology company Inmar, Inc. to expand its ability to promote consumer packaged goods (CPG) offers.[8]

In November 2014, Savings.com released PriceJump, a price comparison tool.[9]

The global investment firm Platinum Equity acquired the Savings.com and Savoo businesses from Cox Media Group in January 2017.[10]

References
  1. Estalea Press Release Santa Barbara Entrepreneur Launches High-Tech Holding Company Estalea
  2. Biggest Domain Sales Ever Top domain sales
  3. Crunchbase Listing $4 Million Series B Round of Funding With U.S. Venture Partners
  4. Savoo.com Savoo.com
  5. Cox Press Release Cox Target Media Acquires Savings.com
  6. Tampa Bay Times Article Cox Target Media announces purchase of major coupon site Savings.com
  7. Favado Release Announcement Savings.com Announces Grocery Saving App
  8. Inmar Press Release Savings.com and Inmar Announce Strategic Relationship to Exponentially Expand CPG Offers
  9. TechCrunch Article Savings.com’s New App Called PriceJump Finds You The Lowest Price, Online, On Amazon Or In-Store
  10. Platinum Equity Press Release Platinum Equity Acquires Businesses of Cox Target Media
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