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.”
Author: Gregory T. Huang
Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003.
Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.
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