Feeds

Groupon starts buying Australian rivals

Crowdmass gets critical mass

SANS - Survey on application security programs

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. ®

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.