Skip to main content

Centerfield Acquires Business.com and Savings.com, Expanding its Owned & Operated Digital Brands

Written by Customer Service on . Posted in Mergers And Acquisitions.

LOS ANGELES, Feb. 02, 2021 (GLOBE NEWSWIRE) — Centerfield, a technology-driven marketing and customer acquisition company, today announced the acquisitions of Business.com and Savings.com.
Centerfield’s digital brands and industry leading platform, Dugout, engage in-market consumers and automate end-to-end customer acquisition. With these acquisitions, Centerfield’s consumer and business guides now engage with more than 70 million in-market shoppers looking for new products and services.Founded in 2011, Centerfield has more than 1,000 employees serving brands in residential services, telecommunications, business services, education and other verticals.“In the last decade, we’ve built a world-class technology platform that has delivered millions of customers and sales to many of America’s largest brands,” said Brett Cravatt, co-founder and co-CEO of Centerfield. “We are excited to extend and apply Dugout to new verticals as well as reach new shoppers internationally.”Business.com helps millions of professionals acquire the knowledge they need to run their business and advance their career. Thousands of advertisers turn to Business.com and its companion sites Business News Daily and BuyerZone, a leading B2B exchange, to connect with in-market shoppers of business services.Savings.com is a leading online coupon site that works with more than 8,000 merchants. In Q4 2020, Savings.com had record revenue due to the continued shift towards e-commerce in America and internationally.“Savings.com has built a business over the last 13 years that helped millions of shoppers discover new merchants and save more than a billion dollars,” said Jason Cohen, co-founder and co-CEO of Centerfield. “At the same time, Business.com helps shoppers of business services find and purchase new products. We see a significant opportunity to leverage our technology to further scale these digital brands.”The transactions announced today mark the second and third add-on acquisitions completed since Centerfield was acquired by Platinum Equity in December 2019.“We are making good on our pledge to invest in growth and help Centerfield expand its platform,” said Platinum Equity Partner Jacob Kotzubei and Platinum Equity Managing Director Matt Louie. “We will continue pursuing additional M&A opportunities with an emphasis on expanding Centerfield’s portfolio of owned and operated website properties.”About Centerfield
Centerfield (https://www.centerfield.com/) is a technology-driven marketing and customer acquisition company driving millions of sales for residential services, business services, and telecommunications brands. Centerfield’s marketing and sales technology platform, Dugout, and leading consumer guides engage with in-market consumers and businesses to help them purchase internet, TV, wireless, security products and business services, amongst other products and services. Centerfield is headquartered in Los Angeles.Contact
Steve Stratz
For Centerfield
206.300.9134
steve@relevanzpr.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.