Feeds

Groupon starts buying Australian rivals

Crowdmass gets critical mass

Reducing security risks from open source software

Group buying behemoth Groupon has added Melbourne based coupon site Crowdmass for an undisclosed sum.

Groupon entered the Australian market early this year operating under the brand name StarDeals and has quickly gained ground in an increasingly saturated market. Crowdmass was created by a trio of twenty-something university students- Tim Wu, David Wei and Ying Wang- in a short period of time with little capital.

Crowdmass launched in 2010 with 4000 subscribers after winning a Student Entrepreneurs IdeaPitch competition in 2009.

The entry of Groupon into the competitive local group buying market has brought wide anticipation that the cashed up global player would start consolidation in the sector. The fact that they have snatched up a Melbourne based site would suggest that they are looking at buying companies with localised expertise and relationships rather than acquiring bigger rivals with scale.

Analyst Telsyte has estimated that sales from the Australian group buying sector could reach more than $400 million this year.

In the three months of this year group buying revenue exceeded the entire annual revenue achieved in 2010. Telsyte reported $73 million of revenues to March compared to $63 million for 2010. ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.