OPW – May 26 – Match Group has named a new CEO of OkCupid – Elie Seidman. Mr. Seidman joins OKCupid team from BorrowersFirst.com where he served as Chief Revenue Officer for the last 9 months. Elie also co-founded Oyster, a hotel review site, in 2007. Oyster was acquired by TripAdvisor in late 2013.
Month: May 2016
Match Group Plans To Sell $400M Of Notes In Private Offering
INSIDERMONKEY – May 25 – Match Group has agreed to sell $400M in aggregate principal amount of 6.375% senior notes due 2024 in a private offering to qualified investors. The offering should close by the first of next month. Match plans to use the money raised to repay certain existing indebtedness.
See full article at InsiderMonkey
This post also appears on InternetDatingInvestments.
Redu, A Dating App For Missed Chances
THECREOLE – May 27 – Redu is a new app for revamping missed chances. To use Redu, users create a profile and include circumstantial information, e.g. "Searching for brunette girl with blue raincoat studying in campus Starbucks last Monday." Then they enter the time frame and location where the missed connection took place. Users who entered in similar data will then appear, and, if two people recognize each other's photos, friend requests will be confirmed and in app messaging can enable.
The full article was originally published at TheCreole, but is no longer available.
Agile Wings Acquires Love Systems
DATING FACTORY – May 25 – Agile Wings (Parent company of Dating Factory), an international business incubator for the marketing and dating technology sectors, has acquired Love Systems. Founded in 2006, Love Systems is a US based company that offers a range of dating and lifestyle products and services, using eBooks, video courses and live training, tailored to single professional men 25+.
The full article was originally published at Dating Factory website, but is no longer available.
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This post also appears on InternetDatingInvestments.
Mark Brooks To Present At iDate In L.A.
WEBWIRE – May 25 – Mark Brooks, CEO of Courtland Brooks and publisher of Online Personals Watch, will provide a presentation entitled the "State of the Mobile Dating Business" at the next iDate Mobile Dating Conference. The event takes place on June 8-10, 2016 at the Sportsmen’s Lodge Events Center in Los Angeles, CA.
Adult FriendFinder Creator Is On A Quest To Find Robot Souls
Two Young Brothers Taking On Tinder
TIME.COM – May 25 – Two brothers, Justin and Brian Gerrard started Bae, a dating app that works pretty much like Tinder, but tailor-made for black users. The Gerrards came up with the idea after they realized how difficult it is for black singles to find dates on existing platforms. The Gerrards have three full-time and three part-time employees. They're not yet making money, but they hope to do so soon, perhaps through advertising. Bae received an angel investment last year before kicking off a seed round at TechCrunch Disrupt earlier this month.
French Dating App Happn To Enter India
BUSINESS-STANDARD – May 25 – French dating app, Happn, which went live in 2014 in Paris, is now turning to the Indian market for expansion. Happn plans to set up office in India and launch a digital marketing campaign. Happn would compete with Tinder and Truly Madly. Happn has not had an official launch in the country, but claims to have already gathered 200K customers through word of mouth.
Ex-Pandora Marketing Director Nicole McInnes Joins eHarmony
MUMBRELLA – May 25 – eHarmony has hired former Pandora marketer Nicole McInnes to be its new marketing director for eHarmony Australia.
Zoosk’s Mobile Expert To Speak At The Mobile iDate In June
WEBWIRE – May 25 – James Infusino, Senior Director of Client Applications at Zoosk, will speak about Zoosk's evolving mobile strategy and learn how the company brings to market new and engaging dating products. The mobile dating conference (iDate) is taking place on June 8-10, 2016 at the Sportsmen's Lodge Events Center in Los Angeles, CA.