Local Offer Network

Local Offer Network Acquires Deal Aggregator Redeemio.Com

Joins Dealradar.com to Extend Leadership in Deal Aggregation and Personalization 

CHICAGO – December 13, 2011 – Local Offer Network, a leading provider of technology and services to the fast-growing deals market, today announced its acquisition of deal aggregation and shopping site Redeemio.com. Founded in 2010, Redeemio was among the first sites to deliver personalized deal recommendations based on consumers' preferences and historical behavior.

Local Offer Network (LON) produces Dealradar.com™, a pioneer in consumer deal aggregation and DealWire™, the leading deal syndication network. The acquisition of Redeemio further extends LON's ability to help deal originators reach more of the right consumers, and helps more consumers save time while saving money on the products and services they love.

"LON is committed to providing solutions that drive sustained growth for our industry and great experiences for consumers," said Dan Hess, CEO and co-founder of Local Offer Network. "The combination of Redeemio and Dealradar is another step forward in our pursuit of those goals."

"More than a year ago we realized that consumers needed a better way to discover great, relevant deals," said Gerry Lipscomb, co-founder of Redeemio.com. "Today that need is greater than ever, and we're delighted that it will continue to be met with Redeemio as part of the LON family."

Redeemio and Dealradar subscribers will continue to receive personalized deals via email, Twitter and other methods provided by each site.

About Redeemio.com
Redeemio.com finds and organizes discounts to deliver a personalized deal-shopping experience to consumers. Based in Raleigh NC, Redeemio aggregates deals from sites across the United States and Canada and serves subscribers in more than 190 locations.

About Dealradar.com
Dealradar.com provides a fast and easy way for consumers to discover great offers from multiple 'daily deal' Web sites. With Dealradar.com consumers receive all the best deals at local restaurants, spas, salons, entertainment and sporting events and other great products, services and experiences. Dealradar.com provides free subscriptions to receive daily updates via email, Twitter, Facebook and RSS that contains all the best offers for each city, clearly grouped by product or service category.