M&A Deal Summary

Groupon Acquires Presence AI

On August 8, 2019, Groupon acquired internet software and services company Presence AI

Acquisition Highlights
  • This is Groupon’s 23rd transaction in the Internet Software and Services sector.
  • This is Groupon’s 26th transaction in the United States.
  • This is Groupon’s 13th transaction in California.

M&A Deal Summary

Date 2019-08-08
Target Presence AI
Sector Internet Software and Services
Buyer(s) Groupon
Deal Type Add-on Acquisition

Target

Presence AI

San Francisco, California, United States
Presence AI is an AI-powered text and voice communications tool that enables and facilitates messaging between customers and merchants. Presence AI was founded in 2015 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Groupon

Chicago, Illinois, United States

Category Company
Founded 2008
Sector E-Commerce
Employees2,079
Revenue 493M USD (2024)
DESCRIPTION
Groupon's corporate headquarters in Chicago, Illinois.
Groupon's corporate headquarters in Chicago, Illinois.

Groupon is a social eCommerce site. Groupon leverages social media and collective buying power to feature daily deals in more than 500 markets around the world. Groupon was formed in 2008 and is based in Chicago, Illinois.


DEAL STATS #
Overall 37 of 37
Sector: Internet Software and Services M&A 23 of 23
Type: Add-on Acquisition M&A Deals 36 of 36
State: California M&A 13 of 13
Country: United States M&A 26 of 26
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Cloud Savings Co.

Newbury, United Kingdom

Cloud Savings Co. Ltd. is a parent company of online discount code platform Vouchercloud and brand loyalty provider Giftcloud. Vouchercloud is a voucher app whicha has more than 10 million downloads globally, and the site sees 55 million annual visits. Giftcloud is a digital gifting app and website, allowing users instant access to digital gift cards while also providing businesses with a fully digital rewards and loyalty solution.

Buy $65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-15 Giftcloud

Bristol, United Kingdom

Giftcloud is a UK-based digital rewards platform helping businesses engage, acquire and retain customers through branded prepaid incentives. Its platform enables fully branded, digital campaigns that support marketing and employee engagement strategies for some of the UK's best-known companies, including Vodafone, Sky and TalkTalk. Giftcloud is based in Bristol.

Sell -