MENLO PARK, Calif., March 3, 2011 /PRNewswire/ -- The Dealmap® (http://www.thedealmap.com), the leading source for people to find and share local and daily deals, today announced that it has signed a commercial distribution agreement with Microsoft's Bing. As part of this strategic collaboration, Microsoft Corp. is using The Dealmap's DealExchange™ platform to publish local and daily deal content to consumers through Bing on the Web and on its mobile properties. Consumers can find local deals on Bing and Bing for mobile today, and The Dealmap and Microsoft will continue integrating local deal content into other relevant areas of the Bing network.
"The DealExchange is the most comprehensive platform for sourcing, distributing and monetizing local deals. Working with a technology leader like Microsoft bolsters our leadership position and highlights a period of explosive growth for The Dealmap," said Chandu Thota, co-founder and chief technology officer of The Dealmap. "We look forward to continuing to collaborate with Microsoft in ways that will deliver value to consumers and continue to rapidly grow our business."
The DealExchange provides tools that allow publishers and developers to easily integrate, distribute and monetize local deals. The DealExchange has 36 commercial distribution partners that reach more than 85 million monthly visitors and includes leading companies Microsoft, CityGrid Media, Local.com, MyPoints, and SuperMedia, among others.(1) Currently, more than 280 developers use DealExchange tools, including its API and SDKs.
The platform also gives small businesses and deal providers the ability to reach millions of visitors by publishing their deals on the DealExchange network. With more than 400,000 deals available every day from nearly 300 unique local and daily deal sources, the DealExchange is the only platform that marries real distribution with comprehensive deal coverage. More information about the DealExchange can be found at http://www.thedealmap.com/dealexchange.
"We chose to work with The Dealmap because they provide a robust technology solution along with high quality and comprehensive coverage of deals," said Andy Chu, director of Bing for Mobile, Microsoft. "With The Dealmap, we're able to bring unique and valuable content to consumers and enhance the Bing search and mobile user experiences."
In just over nine months, The Dealmap has grown to more than 1.6 million users of its owned and operated properties, including its website, mobile and social applications, and daily deals email. An infographic that illustrates the company's rapid growth and can be viewed at http://www.thedealmap.com/infographic.
About The Dealmap
The Dealmap is the leading source for people to find and share the best local deals, all in one place. The company indexes local deals from hundreds of sources, including national brands, daily deal websites, local businesses and consumers, and makes previously hard-to-find deals easily discoverable. The Dealmap makes local deals available to people when and where they want them, through the company's award-winning mobile apps, its website, social applications, and daily deals email. The Dealmap showcases savings of more than $10 million available each day across multiple business categories.
Through its DealExchange platform, The Dealmap provides tools that allow publishers and developers to easily integrate local deals into their products. The platform also gives small businesses and deal providers the ability to reach more than 85 million visitors through The Dealmap network.
The Dealmap is headquartered in Menlo Park, Calif., and is led by former Microsoft and Yahoo! executives with funding by Norwest Venture Partners and KeyNote Ventures.
(1) Source: Compete.com and company data.
SOURCE The Dealmap