Fastmetrics Wins Groupon Fiber Business
Fastmetrics is pleased to announce the signing of Groupon as a fiber optic Internet customer. The original global daily deals business has been connected with a symmetric 100mbps fiber service, to their Palo Alto office. Groupon joins an expanding list of global businesses supported by Fastmetrics, looking for networking power, reliability and speed through their Internet service.
Groupon News – CEO Announced
Groupon has been receiving a wealth of positive news lately. The company has announced co-founder Eric Lefkofsky as the new CEO. Mr Lefkofsky takes the reins from Groupon Founder, Andrew Mason. JP Morgan Analysts have publicly stated “improving trends under Lefkofsky’s leadership over the last two quarters.”
Last Thursday, CNN Money reported; “Billionaire entrepreneur Lefkofsky clearly possesses a wealth of business experience when compared with Mason, and analysts seem relieved that a grown-up is finally in charge.”
In other positives for the business, it announced strong sales data for the last quarter. Groupon customers have bought 30% more deals when compared to the same time last year. In North America, 50% of these sales occurred on mobile devices, which is encouraging with the growing trend of mobile set for continued expansion.
Due to these strong results, the Groupon share price increased 22% last week alone. The announcement of a $300 million of stock buy back by Groupon over the next 2 years, looks to improve share prices even further into the future.
New Ventures – Groupon Payments
In an effort to reinvent the business ‘beyond the deals’, Groupon has expanded into online retail and also credit card payments – ‘Groupon Payments‘. This new service looks to provide a more efficient and low cost payment system for Groupon merchants to accept credit card payments online.
Groupon Payments is available through this app after a successful pilot in the San Francisco Bay Area last year. One of the great benefits of the Groupon Payments service is the fast payment system. Traditionally, merchants have to wait 2 – 3 business days for a payment to hit an account. Groupon Payments users will get paid overnight.
Fastmetrics looks forward to the continued success of Groupon as the premier daily deals provider worldwide, and as it carves out these exciting new service offerings.