SavingStar has gotten a much-needed shot in the arm. The rebate app, which not too long ago seemed to be struggling to keep up with its larger competitors, has now been acquired by Coupons.com owner Quotient Technology. And both companies are promising big benefits, for both brands and shoppers.
The deal marks the second time Quotient has purchased a rebate app, and the second time SavingStar has paired up with another savings platform. So maybe the second time’s the charm – for Quotient, SavingStar, their partner brands and their users.
There’s been no big announcement about the acquisition as yet. Rather, in what appears to be its first public comment about the purchase, Quotient mentioned it almost in passing yesterday afternoon. The news showed up in the twelfth paragraph of a press release announcing Quotient’s financial results for the third quarter of 2018, and was briefly brought up during a subsequent conference call with investors – even though the deal closed during the third quarter, which ended back on September 30th. Entire Coupons in the News article here.