LA-based Internet forum community CrowdGather has acquired free forum hosting platform Forumer for $400K in cash. Forumer will be joining CrowdGather’s other platforms Lefora and FreeForums.org as a hosting option for its 65,000 plus online forums.
Forumer currently serves 35 million monthly pageviews for 200,000 forums. The purchase increases CrowdGather’s network traffic by 50% from 90 million monthly pageviews at the beginning of this year to 135 million monthly pageviews and 13 million monthly unique visitors (CrowdGather was at 100 million monthly pageviews before the acquisition).
CrowdGather (CRWG.OB) has been a publicly traded company since 2008 but just raised $7.85 million through private placement in March. Apparently it’s spending the money by going on a forum shopping spree, snapping up underpriced forums communities like rapmusic.com and digishoptalk.com and optimizing them for monetization.
CrowdGather is a network of online forum-based communities that engage, provide information to, and appeal to message board users. CrowdGather provides a interactive and informational social network for members, a management and revenue-sharing resource for third-party forum owners, and an advertising network for marketers worldwide. The Company’s founder and CEO, Sanjay Sabnani, developed the vision for CrowdGather based upon his experiences, first as a forum member since 1998 and then as the owner of forums since 2002. As of...