Product category:
Affiliate marketing
News Release from: buy.at
Edited by the Marketingservicestalk Editorial
Team on 26 July 2007
buy.at adds lead generation capability
buy.at, the independent affiliate marketing network, has acquired online lead generation provider Lightstate to access its market leading technology and experienced management team.
buy.at has bought Lightstate in order to expand buy.at's offering to both its clients and affiliates Founded by internet entrepreneur Shakil Khan, Lightstate collects consumer information from its partnerships with financial services sites, portals and comparison sites
This article was originally published on Marketingservicestalk on 29 Mar 2007 at 8.00am (UK)
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Consumers complete online application forms providing financial information and their contact details.
These are pre-qualified by Lightstate and delivered to the advertiser who can contact the consumer and advise them on the products available to suit their specific needs.
This complements buy.at's aim to deliver quality leads to advertisers using affiliate marketing techniques to generate leads on a cost-per-acquisition basis.
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The business has gained momentum in the financial services sector and buy.at plans to extend the service to other verticals.
Lightstate will be renamed buy.at leads and will operate as a subsidiary of buy.at, with Kevin Cornils, CEO of buy.at, and founding COO Steve Brown joining its board of directors.
Lightstate's management team includes JP Jones, who led the research and development team at The Search Works and The Technology Works for two years, Tim Sparks as a financial data and behavioural analyst and other professionals.
Lightstate's technology will be integrated with buy.at's technology including its online and offline tracking products, and its recently overhauled management area, which offers best of breed campaign analytics for affiliates and merchants.
Kevin Cornils, CEO of buy.at, explained: "This acquisition will make us the market leader in technology for lead generation, giving us more choice of products to offer to merchants and affiliates; it also enhances our relationships.
"Shakil Khan is well-known in the online industry - as Google's first independent UK advertiser he was a pioneer of the paid search market in the UK and he sold his previous business to Shopping.net.
"He has a good understanding of the best way to connect to consumers online, in the UK and internationally having spent a year studying the market in China on behalf of UK entrepreneurs and Silicon Valley-based VCs".
Shakil Khan, MD of buy.at leads, added: "buy.at has a similar approach to ours - it is the biggest independent affiliate network in the UK but has retained its entrepreneurial spirit.
"It has an excellent client base and strong relationships with affiliates, facilitated by good technology.
"The acquisition will accelerate our growth as buy.at's infrastructure will have a dramatic impact on our reach and contacts".
This is buy.at's first acquisition.
Founded in 2002, buy.at has become the largest independent affiliate network in the UK through organic growth.
It received a GBP7.3 million investment from Esprit Capital Partners in 2006 which was followed by a raft of appointments.
The company opened a second office in London to be near its main agency contacts, rebranded and launched a new marketing strategy, and has won a slew of new clients including Match.com, HMV and Nokia.
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