Nice article about the latest nCrowd deal. We have purchased substantially all of the assets of Spreebird from Local Corporation. Local, a public company, had to file the transaction with the SEC if anyone wants to see the gory details. At one point the entire asset purchase agreement was up there but someone seems to have taken it down (Edgar, by the way is an old friend of mine and a great competitive research resource).
nCrowd continues to execute on its rollup strategy and at an accelerating pace. Being one of the few buyers sure does help.
The Spreebird transaction comes on top of CrowdSavings and Tippr purchases earlier this year. The value of this deal is in the subscriber relationships. We have already migrated the Spreebird customers/merchants/subscribers onto the nCrowd platform, a process we can do quite rapidly. Like in a few days.
At this point we are the proven market consolidator.