Business

Groupon to buy online service CommerceInterface

Posted December 21, 2012 3:26 pm

Associated Press

CHICAGO — Online deals company Groupon says it will buy online retail manager CommerceInterface for an undisclosed amount.

Groupon said Friday that the acquisition of the Salt Lake City-based company will help it manage Groupon Goods, an e-commerce business that sells products from thousands of vendors.

CommerceInterface will no longer work with other customers that will transition to another service over the next six months.

Groupon Inc. pioneered the online daily deals market, offering subscribers deep discounts on everything from spa sessions to toe fungus treatments. To expand its business, and in an attempt to distinguish itself from copycat online deals websites, Groupon has tried to establish itself as a local e-commerce company. It now also sells electronic gadgets and other goods.

Groupon shares rose 3 cents to close at $4.82.

Article Comments

Article Categories
Business Finance Markets

Article Comments

Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.