Conduit, the VC-backed company that enables publishers to create and distribute apps on the Web via browser toolbars, is sharing some stats with the world today (as they’ve done before).
The startup says it currently powers apps for a network of over 260,000 web publishers, including Mochi Media and Justin.tv, enabling it to reach a potential audience of some 200 million users via its Conduit Network. The company adds that Conduit-powered apps have increased in user adoption, on average, by 69% each month during the past 12 months.
Social commerce sensation Groupon is taking part in Conduit’s PR blitz with the announcement of a brand new Groupon Browser App, which notifies Groupon users, regardless of where they are on the Web, when new local deals are available (US customers only for now).
Meanwhile, and timed perfectly, an Israeli publication claims Microsoft is looking to acquire Conduit for a reported $300 million, citing sources.
We’re digging to find out more about the alleged acquisition talks between Microsoft and the company, but I daresay the timing of the rumormongering is a tad suspicious.
A spokesperson for Conduit tells me there’s simply “no truth to the rumor”, and Microsoft informed the Israeli reporter who published the rumor that it wouldn’t comment on speculation.
Still, Conduit is reportedly profitable and good for some $100 million in revenues (it has an agreement with Google in place), so combined with the distribution power it is so aptly touting this morning, it might indeed make for an interesting acquisition target.
We’ll update if and when we learn more.
Conduit empowers web and mobile publishers to engage their users across multiple platforms. From Community Toolbars and mobile apps to notifications and web bars, the company’s products enable publishers to constantly connect with their users wherever they are. Conduit’s innovative solutions have made it the fastest-growing network of publishers in the world, with more than 260,000 publishers of all sizes generating billions of monthly interactions with their 250 million users. Major League Baseball, Groupon, Fox News, Travelocity, and The...
Microsoft, founded in 1975 by Bill Gates and Paul Allen, is a veteran software company, best known for its Microsoft Windows operating system and the Microsoft Office suite of productivity software. Starting in 1980 Microsoft formed a partnership with IBM allowing Microsoft to sell its software package with the computers IBM manufactured. Microsoft is widely used by professionals worldwide and largely dominates the American corporate market. Additionally, the company has ventured into hardware with consumer products such as the Zune and...
Groupon features a daily deal on the best stuff to do, see, eat, and buy in more than 565 cities around the world. By promising businesses a minimum number of customers, Groupon can offer deals that aren’t available elsewhere. Groupon brings buyers and sellers together in a fun and collaborative way that offers the consumer an unbeatable deal, and businesses a large number of new customers. To date, it has saved consumers more than $300 million and claims it...
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