Online Party Planning Website Punchbowl.com Acquires Rival Socializr
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Online party planning company Punchbowl.com has acquired a rival called Socializr. Socializr was started by Friendster founder Jonathan Abrams. Both Socializr and Punchbowl.com compete against Evite.com, a party planning website owned by InterActiveCorp/IAC. The financial terms were undisclosed.
Punchbowl is about twice the size of Socializr. Socializr had raised about $3 million in funding and Punchbowl raised about $2 million.