Global Savings Group GmbH (GSG) is a privately held international commerce content and affiliate marketing company, that combines multiple savings portals in over 20 countries. The company owns CupoNation as well as further discount code and deal sites across Europe, and operates coupon portals for publishing houses.[2][3] GSG has won the German Deloitte’s Technology Fast 50 award[4] and was included in Deloitte’s Technology Fast 500 EMEA list in 2017. In 2016, the company generated $546 million in sales for retailers.[5] The company is headquartered in Munich, Germany.
 | |
| Company type | Private |
|---|---|
| Industry | Online Marketing |
| Founded | 2012 |
| Founder | Andreas Fruth, Adrian Renner, Gerhard Trautmann |
Area served | Worldwide |
| Services | Online services |
| Revenue |  € 19.5 million (2016)[1] |
Number of employees | ~700 (2023) |
| Website | www.global-savings-group.com |
History edit
The Global Savings Group was founded in 2012 by Andreas Fruth, Adrian Renner, and Gerhard Trautmann together with Rocket Internet. They had also previously collaborated on Dropgifts GmbH, a site that allowed users to engage in social and mobile gifting.[6] In 2016 the company changed its name from CupoNation Group.[7] In 2019, Global Savings Group acquired the UK-based money-saving browser extension provider Pouch for a cash purchase in the 7-figure US dollar range. [8] In 2020, Global Savings Group made a significant acquisition by purchasing iGraal, a leading French cashback company, for a staggering €123.5 million. [9] Building upon this success, the company continued its expansion in 2021 with the acquisition of Shoop, a prominent cashback platform based in Berlin. The exact amount of this acquisition remains undisclosed. [10] In December 2022, Global Savings Group and Pepper.com, two prominent players in the savings and deals industry, announced their strategic partnership and collaboration. [11]
References edit
- ^ "FT1000 Ranking 2018". Financial Times. 11 February 2018. Retrieved 8 May 2018.
- ^ "Rocket-Backed Coupon Site Partners With Daily Mail for U.K. Push". Bloomberg. Bloomberg News. 11 November 2016. Retrieved 12 December 2017.
- ^ "Spiegel Online eröffnet Gutschein-Portal". Turi2. Retrieved 12 December 2017.
- ^ "Deloitte Technology Fast50 2017". Deloitte. Retrieved 12 December 2017.
- ^ "Rocket Internet Gets Boost as Its Coupon Startup Has Profit". Bloomberg. Bloomberg News. 24 August 2017. Retrieved 12 December 2017.
- ^ "StartUp Grind". StartUp Grind. Retrieved 12 December 2017.
- ^ "CUPONATION Revamps as Global Savings Group to Boost Position in Performance Marketing". PerformanceIn. 2 June 2016. Retrieved 12 December 2017.
- ^ "Pouch, the browser extension that surfaces discount codes, has been acquired by Global Savings Group". TechCrunch. 7 January 2019. Retrieved 13 February 2020.
- ^ "Global Savings Group acquires French cashback company iGraal for €123.5M". TechCrunch. 23 March 2020. Retrieved 10 June 2020.
- ^ Building upon this success, the company continued its expansion in 2021 with the acquisition of Shoop, a prominent cashback platform based in Berlin. The exact amount of this acquisition remains undisclosed."Global Savings Group to acquire Shoop Germany". FinExtra. 8 January 2021. Retrieved 11 November 2021.
- ^ "Global Savings Group and Pepper.com Are Joining Forces". businesswire. Retrieved 19 January 2023.