MENLO PARK, Calif., April 6, 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 surpassed more than 2 million users across its branded website, mobile and social applications, and daily deals email, in only eleven months. The company also noted that its award-winning iPhone and Android mobile applications have generated more than one million installs. With more than 400,000 local deals from more than 350 unique local and daily deals sources, The Dealmap mobile apps give people the most comprehensive view of nearby deals.
"Reaching two million multi-channel users in under a year highlights our rapid growth trajectory and continues our positive business momentum," said Jennifer Dulski, co-founder and chief executive of The Dealmap. "With more than one million mobile users, The Dealmap is also well positioned to take advantage of the continued growth of location aware devices which will be a key driver of local commerce going forward."
Consumer and Business Momentum
Since the launch of its service in May, 2010, The Dealmap's products have received a number of accolades and been adopted rapidly by both consumers and businesses. Among other highlights, The Dealmap's mobile apps were named one of the Wall Street Journal's "Top 10 Apps of 2010" and have grown 52%, adding 350,000 new users since the company last disclosed user metrics on Feb. 24, 2011.
The Dealmap's DealExchange™, which is the leading platform for sourcing and distributing local deals, now reaches more than 85 million monthly visitors through its 45 commercial distribution agreements with leading brands, including the company's recently announced strategic collaboration with Microsoft Corp.(1)
Starting this week, The Dealmap's daily deals email will bring location specific deals to more than 3,500 zip codes. The company has implemented enhancements to its daily deals email relevance algorithm, designed to deliver more personalized content its subscribers in more than 40 cities and markets across the U.S. The enhanced algorithm takes more than a dozen deal "signals" into account when selecting the most relevant content for a given location.
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