AUSTIN, Texas, May 14, 2012 /PRNewswire/ -- WhaleShark Media (www.whalesharkmedia.com), the world's leading marketplace for online coupons and deals, today announced that it has acquired Miwim, a leading publisher of online coupons and cash-back deals in France.
The acquisition of Miwim's web portfolio, which includes online coupon site Bons-de-Reduction (http://web.bons-de-reduction.com) and cash-back website Poulpeo (www.poulpeo.com), combined with WhaleShark Media's existing portfolio of European websites, VoucherCodes.co.uk (www.vouchercodes.co.uk) in the U.K. and Deals.com (www.deals.com) in Germany, positions WhaleShark Media to provide coupons to consumers that represent 70% of the ecommerce activity in Western Europe.
Olivier David and Francois Larvor, the founders of Miwim, will continue to serve as co-General Managers of Miwim. The transaction also adds nearly 20 additional employees to WhaleShark Media's overall headcount, which includes a skilled product and development team that will continue to serve the engineering needs of the company in France.
"This is a great day for consumers, our merchant partners and our growing team at WhaleShark Media as we add a leading provider of online coupons and deals in France to our expanding international portfolio of websites," said Cotter Cunningham, Founder & CEO, WhaleShark Media, Inc. "I look forward to working with Olivier, Francois and our new team in Vannes as we work to invest in and expand our operations to help more consumers in France save money when they shop."
"We look forward to working with Cotter and our new colleagues at WhaleShark Media as we help consumers save money on things they want, need and purchase online everyday," said Olivier David, co-General Manager of WhaleShark Media, France.
"We have only begun to realize the potential of what Bons-de-Reduction, Poulpeo and our other sites can do in helping consumers save money, and we are really excited to work with WhaleShark Media as we help merchants sell more product and services through smart couponing and other promotional strategies," added Francois Larvor, co-General Manager of WhaleShark Media, France.
Olivier David founded an e-commerce development and marketing agency in Vannes, France in February 2003 after graduating from Universite de Bretagne de Sud. Soon after, Olivier launched Bons-de-Reduction in 2004. After teaming with technologist Francois Larvor, the two entrepreneurs co-founded Miwim in 2007. With the development of several other smaller online coupon sites, the team also entered into the cash-back space with the launch of Poulpeo.com.
Terms of the deal were not disclosed.
About WhaleShark Media, Inc.
WhaleShark Media, Inc. (www.whalesharkmedia.com) is the world's leading marketplace for online coupons and deals. The company's websites enable consumers seeking to save money to find hundreds of thousands of offers from retailers across the globe. WhaleShark Media experiences more than 400 million consumer visits to its sites every year. The WhaleShark Media portfolio of coupon and deal websites includes www.RetailMeNot.com, the largest online coupon site in the United States; www.VoucherCodes.co.uk, the largest online coupon site in the United Kingdom; www.Deals.com in Germany; http://web.Bons-de-Reduction.com and www.Poulpeo.com in France; www.Deals2Buy.com; www.CouponSeven.com; and www.CouponShare.com. WhaleShark Media is a fast-growing, profitable company funded by venture capital firms Austin Ventures, Norwest Venture Partners, Adams Street Partners, Google Ventures, J.P. Morgan Asset Management, and Institutional Venture Partners (IVP).
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