BuyWithMe Buys Daily-Deals Site TownHog, Its Sixth Purchase of 2011
BuyWithMe, the New York- and Boston-based local deals startup, said today it has acquired TownHog, a San Francisco-based daily deals site owned by Dotblu. Terms of the deal weren’t disclosed.
This is the sixth acquisition of the year for BuyWithMe, continuing a trend of consolidation in the local deals sector. Last month, CEO Jim Crowley (formerly of Turbine) spoke with me about BuyWithMe’s growth strategy in mobile, payments, and merchant-focused loyalty programs. The firm is pushing 200 employees and shows no signs of slowing down.
“The velocity of business across my various companies, each year it goes faster,” Crowley said last month. “Your need to move quickly seems to be at a heightened premium.”