Affinion Group Acquires Prospectiv Direct (Owner of Eversave) for $30M
July 14, 2011
Affinion Group, a Stamford-based customer engagement and loyalty solutions provider, signed an agreement to acquire Prospectiv Direct, the Wakefield, Massachusetts-based online performance marketing company that owns the daily-deals site Eversave, for an initial $30 million plus potential earn-outs. The acquisition is intended to expand Affinion’s digital and local-commerce capabilities by adding Prospectiv’s performance-marketing technology, Eversave daily-deals platform and lead-generation services to its portfolio.
- Buyers
- Affinion Group, Inc.
- Targets
- Prospectiv Direct, Inc., Eversave (brand owned by Prospectiv Direct, Inc.)
- Industry
- Marketing & Advertising
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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