• Page :
  • 1
  • Text Only
rated:

Ahhh, repost!

September 09, 2011 08:00 AM Eastern Daylight Time
Ebates Announces Creation of Performance Marketing Brands & Acquisition of FatWallet and AnyCoupons

Becomes Leading Independent Shopping Rewards Company

BELOIT, Wis. & SAN FRANCISCO--(BUSINESS WIRE)--Ebates, the leader in online Cash Back shopping, today announced the creation of a new company called Performance Marketing Brands, Inc. (PMB) to own and operate the worlds most rewarding shopper loyalty programs. PMB has acquired the savvy shopping and reward site FatWallet.com (www.fatwallet.com) and the coupon shopping site AnyCoupons.com (www.anycoupons.com) and united them with Ebates.com (www.ebates.com) to create one of the largest independent shopping rewards companies. In 2011, shoppers are expected to spend over $1.1 billion through PMBs sites, equivalent to a top 50 internet retailer in terms of gross merchandise volume according to data from the latest Internet Retailer Top 500 E-Retailer report.

We are happy to support this new combination and look forward to driving new levels of growth and innovation in the industry.

Ebates.com, FatWallet.com and AnyCoupons.com will continue to operate distinct websites, but common ownership will help give the sites and their users access to the most compelling rewards and best deals available anywhere. Retailers now will be able to advertise through a single partner to attract and retain the worlds savviest shoppers.

Today shoppers are bombarded with an overwhelming number of coupons, codes, deals and sales, said Tim Storm, founder of FatWallet and strategic advisor to Performance Marketing Brands . With Ebates.com, FatWallet and AnyCoupons.com we will help consumers cut through the clutter to get the very best offer every time they shop. We also expect to grow and innovate faster by combining the collective ideas of multiple industry pioneers.

In addition to providing our users a more rewarding shopping experience, as a combined company, we will give retailers a more effective way to attract new buyers, recapture lost customers, and make sure their best shoppers keep coming back, added Kevin H. Johnson, CEO of Performance Marketing Brands. Over the coming months, we will be announcing exciting new ways for retailers to reach active shoppers and for consumers to be rewarded for all their shopping activities.

Ebates creation of Performance Marketing Brands and acquisition of FatWallet and AnyCoupons has been funded by August Capital, Cannan Partners, Foundation Capital and Silicon Valley Bank. The terms of the acquisitions were not disclosed.

The online reward and discount shopping space is growing rapidly and we felt the time is right to establish a clear leadership position by combining the best companies under Performance Marketing Brands, said David Hornik of August Capital. We are happy to support this new combination and look forward to driving new levels of growth and innovation in the industry.

About Performance Marketing Brands

Performance Marketing Brands (PMB) owns and operates the worlds most rewarding shopping programs. Through its family of distinct websites and reward programs, PMB users can get a great deal and earn money back every time they shop. PMB owns and operates Ebates.com, the leader in online Cash Back shopping, FatWallet.com, the preferred online resource for savvy consumers, and AnyCoupons.com, the one-stop shop for any coupon available online. The company also operates a growing number of co-branded and private-label shopper reward programs for leading media companies. In 2011, shoppers are expected to spend over $1.1 billion through PMBs websites and shopping programs. To learn more, visit www.performancemarketingbrands.com.

About Ebates

Ebates is the leader and pioneer in online Cash Back shopping. Over 1,200 online stores have joined the roster of retailers that offer Cash Back, special deals including free shipping, and over 5000 coupons to the rapidly growing Ebates.com member base. The free membership allows consumers to shop online at their favorite retailers while earning Cash Back, paid via a "Big Fat Check" or through PayPal, every time they shop. To learn more, visit www.ebates.com.

About FatWallet

FatWallet is a preferred online shopping resource for millions of savvy consumers. FatWallet.com works closely with hundreds of retailers like HP, Newegg, WalMart and Amazon to publish thousands of special offers, discounts, coupon codes and Cash Back rewards to online shoppers. FatWallet forums represent the pulse of an evolving online marketplace where smart consumers gather to share and learn the latest shopping and saving tips. FatWallet has been voted One of the 50 Best Small and Medium Companies to Work for in America by Great Places To Work® and One of the 50 Most Engaged Workplaces in the United States. To learn more, visit www.fatwallet.com.

About AnyCoupons

AnyCoupons is a one stop shop for virtually any coupon, code, or discount available on the web for use at thousands of retailers, both online and off. For everything from diapers to diamonds, www.anycoupons.com has any coupon you need.

BELOIT!!

What will Tim Storm's new custom title be now that he's no longer "Chief Mucky Muck"?

i hope the transition brings a lot of benefits to the FW employees

sublimosa said:   What will Tim Storm's new custom title be now that he's no longer "Chief Mucky Muck"?
'Advisor Muck' just doesnt have the same "zing" to it as 'Chief Mucky Muck' does..

I'll repeat the question I posted in the hot deals thread.
Will there be any other names on future schwag/giveaways other than FatWallet's? Please say no.

fatwallet: an ebates™ company

How does the word performance fit into this? Turbocharged or something?

...is that a toilet flushing I hear?
Looks like I made the right decision....

MajorDarkside said:   How does the word performance fit into this? Turbocharged or something?

It means exciting and dynamic in marketing babble, think "Dodge Caravan Sport", which not Mom's minivan 'cos it says so on the back.

KayK said:    FatWallet has been voted One of the 50 Best Small and Medium Companies to Work for in America by Great Places To Work® and One of the 50 Most Engaged Workplaces in the United States.

and now it's finally following through on one of the engagements... ahhhh [/annoying girly flappy hand OMG shriek thing]

Tomorrow: Ebates by Oracle. Since everything is eventually bought by Oracle.

formattc said:   ...is that a toilet flushing I hear?
Looks like I made the right decision....
what decision was that?

ZenNUTS said:   formattc said:   ...is that a toilet flushing I hear?
Looks like I made the right decision....
what decision was that?


Coke instead of Pepsi I guess

In all seriousness, I really think this will be a benefit and not a negative for:

Members in the form of more content and higher Cash Back rates:

FW staff with more opportunities in a larger company:

FW as a business for various reasons, including overall growth.

Will our new overlords reopen OTPI? Will they put a vintage collectable Ferrari monitor on every desk in Beloit?

MVP9596 said:   ZenNUTS said:   formattc said:   ...is that a toilet flushing I hear?
Looks like I made the right decision....
what decision was that?


Coke instead of Pepsi I guess

In all seriousness, I really think this will be a benefit and not a negative for:

Members in the form of more content and higher Cash Back rates:

FW staff with more opportunities in a larger company:

FW as a business for various reasons, including overall growth.


Glad to hear there are positives all around and that everyone is happy. Best wishes to all the staff and good luck!!

Hey, good luck to the employees at FW but most of us have seen this movie before (and remember the ending).

Sent from my Compaq PC

MVP9596 said:   ZenNUTS said:   formattc said:   ...is that a toilet flushing I hear?
Looks like I made the right decision....
what decision was that?


Coke instead of Pepsi I guess

In all seriousness, I really think this will be a benefit and not a negative for:

Members in the form of more AD content and higher Cash Back rates:

FW staff with more opportunities in a larger company:

FW as a business for various reasons, including overall growth.


Fixed

Change isn't always bad.

What FatWallet looked like shortly after I joined: May 2000

What it it looked like around the time I became an official "Tim has to pay taxes on me" employee: Early 2002

Change can be scary when you don't know exactly what it looks like going in, but looking back I know what it looked like before change. That is MUCH scarier to me!

hawpi said:   Change isn't always bad.

What FatWallet looked like shortly after I joined: May 2000

What it it looked like around the time I became an official "Tim has to pay taxes on me" employee: Early 2002

Change can be scary when you don't know exactly what it looks like going in, but looking back I know what it looked like before change. That is MUCH scarier to me!


Damn I want that GE 40 -Channel CB Transceiver!

hawpi said:   Change isn't always bad.

What FatWallet looked like shortly after I joined: May 2000

What it it looked like around the time I became an official "Tim has to pay taxes on me" employee: Early 2002

Change can be scary when you don't know exactly what it looks like going in, but looking back I know what it looked like before change. That is MUCH scarier to me!


Looks aren't my concern, it's the engine I want to know about.

FrugalFreak said:   hawpi said:   Change isn't always bad.

What FatWallet looked like shortly after I joined: May 2000

What it it looked like around the time I became an official "Tim has to pay taxes on me" employee: Early 2002

Change can be scary when you don't know exactly what it looks like going in, but looking back I know what it looked like before change. That is MUCH scarier to me!


Looks aren't my concern, it's the engine I want to know about.


It's a Performance engine.

MajorDarkside said:   FrugalFreak said:   hawpi said:   Change isn't always bad.

What FatWallet looked like shortly after I joined: May 2000

What it it looked like around the time I became an official "Tim has to pay taxes on me" employee: Early 2002

Change can be scary when you don't know exactly what it looks like going in, but looking back I know what it looked like before change. That is MUCH scarier to me!


Looks aren't my concern, it's the engine I want to know about.


It's a Performance engine.


So they claim, performance for WHO?

I for one welcome our new eBates overlords.

In all seriousness, acquisitions are rarely good for the company and employees of the company being bought out (not to mention the consumer). Hope I am wrong in this case.

JorgeBurrito said:   I for one welcome our new eBates overlords.
eBates overlords? No they're the new masters.

Master eBates.

I need a deal on ivory soap.

Dukes of Hazzard with the new duke boys entered my thoughts. How did that end up?

kamalktk said:   JorgeBurrito said:   I for one welcome our new eBates overlords.
eBates overlords? No they're the new masters.

Master eBates.


Oh, they didn't see that one coming.

Never heard of Ebates.



Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.

Thanks for visiting FatWallet.com. Join for free to remove this ad.

TRUSTe online privacy certification

While FatWallet makes every effort to post correct information, offers are subject to change without notice.
Some exclusions may apply based upon merchant policies.
© 1999-2014