Oktogo acquires Travel.ru

September 6, 2013 — Fusion DigiNet

logo-oktogoOktogo, the company operating Russia’s major hotel e-commerce business, Oktogo.ru, has acquired Travel.ru, a Russian online travel portal. Founded in 1998, Travel.ru is a well-known brand in Russia, serving  travel content, both editorial and user-generated to Russian travellers. The terms of the deal were not disclosed.

travelru“Combined audience of Travel.ru and Oktogo.ru of 3 million unique monthly visitors makes it by far the largest online travel destination serving independent travelers in Russia,” says Marina Kolesnik, co-founder and CEO of Oktogo.ru. “We will further enhance the Oktogo.ru hotel product with unique content from Travel.ru and leverage our hotel product to better serve the loyal audience of Travel.ru. As a result, we will be able to deliver a unique service to customers at different stages of decision making cycle – from those who gather information and search to those who shop and buy travel product.”

Russia, St Petersburg

 

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LifeApps Digital Media acquires Sports One Group

April 3, 2013 — Fusion DigiNet

LifeApps-Icon-2012-85pxLifeApps Digital Media Inc., a digital media company focusing on health, fitness, sports publications, and next-generation social networks, has acquired Sports One Group and Performance Gear, a wholesale supplier to the promotional products industry providing athletic apparel, uniforms and decorating services. Effective as of April 1, 2013, LifeApps has acquired certain assets of Sports One Group, including a supplier base of leading fitness apparel designers and over 1,300 customers.

“We believe this is a great acquisition for LifeApps and a step towards expanding our physical and digital products across our sports, health and fitness based communities,” said Robert Gayman, CEO of Life Apps. “Through this new digital platform, we can now service the promotional and sports industries, the sporting goods sector and individual health enthusiasts with our diverse family of e-commerce and m-commerce fitness products. We are confident that the LifeApps team will be able to enhance and improve the current e-commerce business of Sports One Group and build an m-commerce solution for the business in the near future. In addition, the acquisition of Sports One Group will provide an immediate revenue stream to the Company.”

USA, San Diego, CA

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