NEW YORK, NY — (Marketwired) — 09/18/14 — When LiveDeal (NASDAQ: LIVE) acquired online retailer, ModernEveryday.com, late last month, it was a great opportunity to spend a little money now to make a great deal of profit in the future. Modern Everyday will instantly provide LiveDeal with strong annual revenues while executives continue to expand the company–s flagship property, , which connects restaurant owners to consumers with “instant” real-time promotions.
According to Inc. Magazine, in 2012, Modern Everyday made $1.2 million in annual revenue, but by 2013, that revenue had grown to almost $10 million representing a 3-year growth rate of 700 percent. Acquiring a fast-growing retail platform that can add immediate revenues makes a lot of sense for LiveDeal at a time when it–s methodically growing its own unique deals engine.
This acquisition marks the next step in LiveDeal–s evolution to become a leading online presence for consumer deals across a variety of verticals. The company–s reach now includes a platform that offers instant dining deals in almost 10,000 restaurants in 50 major US cities, and a few acquisitions later, LiveDeal has expanded to offer deals in the retail space.
Modern Everyday, located in Alhambra, California, has both a retail location and a web presence at where it provides consumers with products that range from kitchen and dining products to apparel and sporting goods to children–s toys and beauty products.
In addition to the increase in revenues that Modern Everyday will provide, it will also offer a proprietary software that gives LiveDeal the capability to track products and predict consumer behavior and spending habits based on real knowledge of what consumers are looking for.
So, while LiveDeal is quickly expanding its own footprint in the deals industry, investors should appreciate an acquisition that can quickly give back.
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SMMG is a Research and Content Development IR firm offering a platform for corporate stories to unfold in the media with Reports, Interviews and Articles. This article is the opinion of SMMG and was written based upon publicly available information. LiveDeal hasn–t endorsed or compensated SMMG for this article, but SMMG is compensated for all LiveDeal content by a third party, and to date SMMG has received total compensation of $59,755. For information: .
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