NEW YORK — Totsy, a leading private sale site aimed at parents, has grown its membership to five million and will expand its daily deal offerings with its acquisition of Mamasource, a leading daily deal site for moms.
Headquartered in New York, Totsy is a privately held company that connects its members with essential products and brands designed for expecting moms, parents, babies and kids at sample sale prices. Mamasource is one of the largest mom focused community and commerce sites on the Internet, founded in 2005 and
As a result of the acquisition, Totsy will integrate Mamasource's existing national vendor relationships and other fixed assets. The privately held company will continue to partner with Mamapedia, which will remain a separate entity, as well as its MamaCares property for ongoing cross-promotional activities.
"We are delighted to welcome the Mamasource community to the Totsy family. We look forward to providing our expanding group of member moms with the best daily deals and products. We feel adding Mamasource's curated list of national daily deals from trusted retailers and service providers will enhance our user experience and help us meet our goal of making moms' lives as easy as possible," said Guillaume Gauthereau , co-founder and CEO of Totsy.
"The combination of Totsy and Mamasource creates an amazing opportunity for moms and families to enjoy greater access to even more exclusive deals and products. Mamasource has a long history of connecting our moms with high quality, high value merchants and products. Joining the Totsy team further enhances Mamasource's ability to continue to serve our mom and family community," saod Marc West, CEO of Mamasource.
In the past year, Totsy has been named as one of Forbes's Most Promising American Companies, one of AlwaysOn's OnMedia Top 100 Private Companies and a NY regional finalist for the Ernst & Young's Entrepreneur of The Year Award. It touts itself as the only green private sale site in the world not only because it maintains the corporate social responsibility practices applied at the company's founding but also because it plants a tree for each family that shops on the site.