BOSTON & NEW YORK--(BUSINESS WIRE)--Today BuyWithMe announced completion of its 5th acquisition of 2011 with the addition of Scoop St., a leading social commerce company focused exclusively on New York City. Scoop St. was founded in 2009 and has grown organically as one of the pioneers of the group buying space. Since its inception, Scoop St. has developed deep relationships with quality local merchants across New York City and has introduced a number of product innovations for merchants and consumers, including unique events called Experiences and a membership loyalty program called Perks.
“As the leading merchant-centric daily deal site, BuyWithMe’s focus on creating long-term success for merchants aligns perfectly with the mission of Scoop St. since its founding two years ago,” said Jim Crowley, CEO of BuyWithMe, Inc. “With our focus on top urban centers, today’s acquisition helps us extend the BuyWithMe brand in New York City and expands our business to a larger group of quality merchants and consumers. We are glad the Scoop St. team shared our vision and saw this as an opportunity for their substantial membership to experience a greater selection of tremendous offers and for their merchant network to gain access to an ever increasing base of knowledgeable New York City consumers.”
“BuyWithMe's strong focus on handpicked local offers and product innovation makes this partnership a perfect fit for Scoop St. alongside everything we’ve built in the last two years—from the earliest days of group-buying,” said co-founders David Ambrose and Justin Tsang. “With BuyWithMe's national reach and market position, Scoop St. members will be able to continue discovering the best merchants and experiences New York City has to offer.”
Terms of the deal were not disclosed.
BuyWithMe (www.BuyWithMe.com) launched in May 2009 and is one of the country's leading group buying and social commerce companies. BuyWithMe allows local merchants and consumers to discover, interact and transact with each other and experience the best of what their city has to offer. The company’s marketing solutions allow merchants to create voucher-free customized loyalty and rewards programs that drive repeat, long-term engagement with their consumers and measure ROI. BuyWithMe currently operates in Austin, Boston, Chicago, Dallas, Houston, Los Angeles, New York, Philadelphia, Phoenix, San Diego, San Francisco, Seattle and Washington D.C.
For merchants looking for more information about working with BuyWithMe, and consumers who want to learn about the best offers in their city, visit www.BuyWithMe.com.
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About Scoop St.
Founded in June 2009, Scoop St. (www.scoopst.com) is a local commerce company that revolutionizes the way we shop by leveraging the power of group buying online for small businesses and consumers. Together with offering unbeatable “Scoops” on the best of New York City, Scoop St. creates one-of-a-kind discoveries called Experiences throughout the region as well as consumer and merchant loyalty programs via its Perks initiative. Featured in The New York Times, The Wall Street Journal, Time Magazine and CNN amongst others, Scoop St. is recognized as one of the earliest pioneers in the group buying market and a leading New York brand.