Google acquires Zave Networks

September 5, 2011 — Fusion DigiNet

Zave Networks, a business that offers money saving digital incentives online and on mobile device, has been acquired by Google. Terms of the deal were not disclosed.

The Zave Networks announcement is below:

Since 2006, our small but dedicated team has been passionate about creating a better platform for incentive programs — like coupons and loyalty rewards — by making them 100% digital, easier, more measurable, efficient and environmentally-friendly.

In this time, we’ve never lost our pioneering spirit or our focus on simultaneously addressing the needs of three distinct customer groups: consumers, retailers and marketers. Because of this, we have been able to efficiently build, deploy and grow our platform.

When we had the opportunity to join Google, we felt it was the perfect fit for our company and the perfect opportunity to rapidly drive the deployment and use of our platform to the next level.

We’re humbled by the unending support our investors, retailers, advertisers, and consumers have provided over the past 5 years, and would like to thank each and every one of them. Going forward, we are excited about being part of Google’s efforts in this space.

Googles investment arm, Google Ventures has also invested in the space. They have made an investment in Texas based WhaleShark Media, a portfolio of coupon and deal websites – http://www.RetailMeNot.com , http://www.VoucherCodes.co.uk, http://www.Deals.com, http://www.Deals2Buy.com, http://www.Gutschein-Codes.de, http://www.CheapStingyBargains.com, http://www.CouponSeven.com, and http://www.CouponShare.com.

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