MOUNTAIN VIEW, Calif.,
Nov. 2, 2015 /PRNewswire/
-- Quotient Technology Inc. (NYSE: QUOT) (Formerly Coupons.com
Incorporated (NYSE: COUP), a leader in the digital transformation
of the multi-billion dollar promotions industry, today announced
that it has acquired Paris-based
Shopmium, an award winning mobile receipt scanning and cash-back
app platform that has saved consumers millions of dollars on
products from companies such as Coca-Cola, SC Johnson, Heineken,
and L'Oreal. Terms of the deal were not disclosed.
The acquisition gives Quotient a new way to reach consumers
through their mobile devices. It also enhances the company's data
capabilities to deliver personalized and targeted media and
promotions.
"This is a natural addition to our great consumer portfolio, our
platform and network," said Steven
Boal, founder and CEO of Quotient. "The Shopmium team is
extremely talented; the app has gained traction in Europe, and we believe there is a big
opportunity in the U.S., where Shopmium is just getting started, as
well as in other markets."
Being part of Quotient's expansive network gives Shopmium a big
advantage in the category. A pioneer in digital promotions,
Quotient today works with more than 2,000 consumer packaged goods
brands, counts more than 64,000 retail stores as part of its
network, and delivers digital offers to tens of millions of
consumers every day. It does this through its flagship consumer
destination, Coupons.com, which has approximately 17 million unique
visitors a month, its popular Coupons.com and Grocery iQ mobile
apps, its network of nearly 30,000 publishers, and by powering the
apps and websites of many grocery, drug, mass, dollar and club
retailers across the U.S.
With Shopmium, which itself has partnerships with more than 250
CPGs, Quotient has a new way to reach consumers directly, and in a
category – mobile receipt scanning and cash-back apps – that is
growing in popularity. Using the app, shoppers can easily browse
grocery, household goods and personal care items, where they see
relevant media and ads. They then redeem offers by
taking a photo of the receipt. The offers aren't specific to
retailers, so consumers can get cash back regardless of where they
shop. The company already has over two million registered users and
has been growing at a quick pace, adding thousands of users a
day.
"With more than 97 million people expected to use mobile coupons
this year in the U.S. alone, we believe the potential is vast,"
said Eli Curetti, cofounder and CEO of Shopmium, who will continue
to lead the product as part of the Quotient family. "I'm thrilled
to join Quotient, and look forward to expanding and improving our
easy-to-use consumer product, while leveraging the Quotient sales
force to quickly ramp up in the U.S."
Shopmium comes with a seasoned team, most of who reside in
Paris (Quotient has long had a
European presence through its London-based office). Curetti founded Shopmium
in 2011 along with technologist Quentin de Chivre and Philippe
Cantet, a top marketer. Before starting Shopmium, Curetti and de
Chivre were executives at PriceMinister, France's largest ecommerce site, when it was
acquired by Japanese ecommerce giant Rakuten.
Shopmium is backed by Accel Partners, as well as Europe-based Ventech, ISAI and Xange.
For more information on how to use Shopmium, please visit
Shopmium.com. To download the free app, please visit the Apple or
Google Play store.
For more information, please contact press@quotient.com or visit
www.quotient.com.
About Quotient Technology Inc.
Quotient Technology Inc. (NYSE: QUOT), which recently changed
its name from Coupons.com Incorporated, is a leading digital
promotion and media platform that connects brands, retailers and
consumers. We distribute digital coupons and media through a
variety of products, including: digital printable
coupons, digital paperless coupons, coupon
codes, and card linked offers. We operate Retailer
iQ, a mobile-first, real-time digital coupon platform that connects
directly into a retailer's point-of-sale system and provides
targeting and analytics for manufacturers and retailers. We also
power digital coupon initiatives in online marketing campaigns --
including display and video advertising. Our distribution network
includes our flagship site, Coupons.com, approximately 30,000
third-party publishers, as well as our mobile applications,
Coupons.com and Grocery iQ, and those of our many
partners. Clients include hundreds of consumer packaged goods
companies, such as Clorox, Procter & Gamble, General
Mills and Kellogg's, as well as top retailers like
Albertsons-Safeway, CVS, Dollar General,
Kroger, and Walgreens. Founded in 1998, Quotient is
based in Mountain View, Calif., and is bringing the
multi-billion dollar offline promotions industry into the digital
world. Investors interested in learning more about the company can
visit http://quotient.com and follow us on Twitter
at @couponsinc.
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SOURCE Quotient Technology Inc.