BOSTON, April 19, 2016 /PRNewswire/ -- Pingup, the nation's largest scheduling aggregation platform for local services, today announced that it has increased Q1 2016 platform bookings by 173% and transaction value by 273% quarter-over-quarter. Pingup now aggregates over 50,000 businesses, more than double Open Table's US quantity.
Pingup's publisher network, with 250 million monthly searches, offers consumers real-time appointment scheduling on publisher properties across desktop, mobile and app. This provides local merchants opportunities to increase business 24/7 whenever and wherever consumers are searching. Pingup technology allows appointments to immediately show up within merchants scheduling system thus completing the consumer's task and closing the commerce loop within seconds.
Q1 2016 results versus Q4 2015
- Bookings increased 173%
- Number of merchants with booked appointments increased 169%
- Total transaction volume increased 273%
- Booking growth increasing at 30% M/M in Q1
Following the hire of senior team member Nermin Serifovic as VP, Engineering in Q4 2015, Pingup has made several hires in Q1 across engineering and analytics. Nermin is leading engineering efforts of Pingup's transaction platform and is an organizer of the Boston Area Scala Enthusiasts user group. To further bolster market traction Pingup will continue building out its Boston team in the months ahead with several hires across engineering, product and design.
"We are pleased with these exceptional results. This is a natural outcome of our platform successfully filling a void in the marketplace by connecting customers to merchants with frictionless transaction capabilities on publisher properties they frequent and trust," said Mark Slater, CEO at Pingup. "The U.S. local service market is $2.5 trillion – more than 5 times as large as e-commerce with $500 billion. Our team is intensely focused on building the world's largest local service transaction platform to better serve this huge yet fragmented market."
Pingup is the world's largest aggregation platform for local services bookings using proprietary technology to connect over 50,000 US local merchants, more than double OpenTable's US quantity, with leading publishers such as YP, Citysearch and Superpages that have over 100 million monthly users and 250 million monthly local searches. The company is headquartered in Boston's Innovation District and backed by Avalon Ventures. Pingup is the winner of the Local Search Association's (LSA) highly competitive 2016 award for Best Local Commerce Services. For more information on Pingup, visit us at http://pingup.com. Follow us on Twitter: @pingupapp
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pingup-reports-outstanding-q1-results-and-expanded-boston-team-300253794.html