Innovative Social Connection PlatformÂ Delivers Both Online and Offline
*Progress Partners served as sell side advisor to Meetcha.com
Progress Partners announced today that it has served as the financial advisor for Eons, Inc. in its sale of Meetcha.com to Tradewinds Software Group, a Toronto-based company focusing on interactive technologies for social introduction and interaction in the U.S. market. Meetcha.com operates as an innovative social platform that uniquely combines online interest matching with off-line events called PODs (People Out Doing Stuff).
"When Progress Partners first brought the Meetcha opportunity to us we jumped on it," saidÂ Peter Housley, Tradewinds CEO. "The deeper we went, the more excited we became. The original Meetcha team conceived and built a truly unique platform for social interaction thatÂ fits well within our portfolio and our plans to innovate in the space.Â We thank Progress Partners for their persistence in bringing buyer and seller together and their expertise in getting the deal done."
Meetcha was developed by Eons' Boomer-savvy management team.Â Linda Natansohn, Eons COO and the driving force behind the Meetcha platform reflected, "From the start, our founding team was passionate about our approach to social connections and the new innovations we designed into the Meetcha platform. In Tradewinds, we found an acquirer that listened, understood and truly appreciated all that we had crafted. We're delighted that Meetcha landed with Peter and his team and we wish them every success."
"The long-term success of a deal is all about finding the right match," said Managing Director John Shumway, who directed the engagement for Progress Partners. "One of the things that makes Progress unique is that we all come from senior operating roles within startups and rising technology companies so it's natural for us to look well beyond the top level financials to identify the core strengths of a client and then use our experience and network to match them with companies that are most likely to value those strengths and want to acquire them."