TOTSY Acquires Assets Of Mamasource
With acquisition, TOTSY grows to five million members and expands daily deal offerings
NEW YORK, Jan. 8, 2013 /PRNewswire/ -- TOTSY (www.TOTSY.com), a leading private sale site exclusively dedicated to delivering deals on must-haves for parents, babies and kids, announced today that the company has acquired the assets of Mamasource, Inc., a leading daily deal site for moms.
As a result of the acquisition, TOTSY will be adding the selection of high quality daily offers Mamasource members already enjoy to the great products and discounts offered on TOTSY every day. TOTSY will add over two million moms to its existing base, expanding TOTSY's membership to approximately five million members total. TOTSY will also integrate Mamasource's existing national vendor relationships and other fixed assets.
TOTSY will continue to partner with Mamapedia, which will continue to exist as a separate entity, and its MamaCares property for ongoing cross-promotional activities.
"We are delighted to welcome the Mamasource community to the TOTSY family. We look forward to providing our expanding group of member moms with the best daily deals and products. We feel adding Mamasource's curated list of national daily deals from trusted retailers and service providers will enhance our user experience and help us meet our goal of making moms' lives as easy as possible," commented Guillaume Gauthereau, Co-founder and CEO of TOTSY.
"The combination of TOTSY and Mamasource creates an amazing opportunity for moms and families to enjoy greater access to even more exclusive deals and products. Mamasource has a long history of connecting our moms with high quality, high value merchants and products. Joining the TOTSY team further enhances Mamasource's ability to continue to serve our mom and family community," commented Marc West, CEO of Mamasource.
Since its founding in 2009, TOTSY has been recognized as one of the fastest growing digital media companies in the U.S. In the past year, the company has been named as one of Forbes's Most Promising American Companies, one of AlwaysOn's OnMedia Top 100 Private Companies, and a NY regional finalist for the Ernst & Young's Entrepreneur Of The Year® Award. TOTSY continues its commitment to being the only green private sale site in the world by maintaining the corporate social responsibility practices applied at the company's founding and planting a tree for each family that shops on the site.
Headquartered in New York, TOTSY is a privately held company dedicated to providing its members with access to essential products and brands designed for expecting moms, parents, babies and kids at sample sale prices. Shopping events are designer-specific and held over a 72 hour period. Membership is free of charge and by invitation only. For more information, please visit www.TOTSY.com.
Headquartered in Palo Alto, Mamasource is one of the largest mom focused community and commerce sites on the Internet – serving over 4M monthly members. Founded in 2005, our core community site – www.Mamapedia.com and Facebook pages www.facebook.com/mamapedia - are where millions of moms have come to seeking wisdom and insights from other moms. Our commerce site, www.Mamasource.com is where millions of moms come to find trusted, high quality products focused on helping them to live life better. Membership is free of charge. For more information, please visit www.Mamasource.com.
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