Feeds

Groupon starts buying Australian rivals

Crowdmass gets critical mass

Secure remote control for conventional and virtual desktops

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?