Pulse2 Technology and Social Media News » MyBuys http://pulse2.com Sun, 27 May 2012 19:13:16 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 MyBuys Raises $20 Million In Third Round Of Funding http://pulse2.com/2011/03/14/mybuys-raises-20-million-in-third-round-of-funding/ http://pulse2.com/2011/03/14/mybuys-raises-20-million-in-third-round-of-funding/#comments Mon, 14 Mar 2011 14:46:49 +0000 Amit Chowdhry http://pulse2.com/?p=44715 Continue reading →]]>
MyBuys is a a service that helps online retailers based on past preferences and behaviors. MyBuys gives product recommendations across multiple channels on websites, display ads, product alerts, direct mail, and mobile devices. MyBuys has raised a $20 million third round of funding led by Rho Ventures and participation from Lightspeed Ventures and Palomar Ventures. MyBuys plans on using the funding to accelerate the adoption and development of its personalization services.

“Our continued triple-digit growth rates enabled us to raise a significant amount of capital and will further separate our integrated, multi-channel personalization offering from single-channel, niche competitors. MyBuys’ powerful-integrated channel approach empowers our relationships between our brands and their consumers to deliver material increases in response rates and consumer-lifetime values,” stated MyBuys CEO Robert Cell. “We will invest the additional capital in developing more innovative one-to-one marketing offerings and increase our client-facing team members to capitalize on the vast market opportunities available to us.”

For the fiscal year ending December 31, 2010 MyBuys doubled their 2009 revenues. The company also added 225 new clients in 2010. They also provide multi-channel personalization services to over 300 companies. MyBuys helped optimize the shopping experience for companies through mobile devices including the iPhone, iPad, Android, and BlackBerry.

]]> http://pulse2.com/2011/03/14/mybuys-raises-20-million-in-third-round-of-funding/feed/ 0 MyBuys Expanding Office Space In Ann Arbor http://pulse2.com/2010/12/22/mybuys-expanding-office-space-in-ann-arbor/ http://pulse2.com/2010/12/22/mybuys-expanding-office-space-in-ann-arbor/#comments Thu, 23 Dec 2010 01:36:11 +0000 Amit Chowdhry http://pulse2.com/?p=40248 Continue reading →]]>
MyBuys is a company that helps retailers create product recommendations. The company is based in Redwood City, California and is led by CEO Bob Cell. The company has doubled their staff in Ann Arbor, Michigan over the last year with 50 employees in the downtown area.

In order to accommodate their employees in Ann Arbor, MyBuys has signed a lease to move from an office on Main Street to space at 520 E. Liberty St. next to The Necto club.

Cell said that he is planning to keep the company expanding in Ann Arbor as many of their new employees are University of Michigan graduates. MyBuys now has over 325 clients and saw a 100% growth in this year. MyBuys had received a $3.9 million tax credit from the Michigan Economic Development Corporation.

[AnnArbor.com]

]]> http://pulse2.com/2010/12/22/mybuys-expanding-office-space-in-ann-arbor/feed/ 0 MyBuys Raises $10 Million Series B http://pulse2.com/2007/10/08/mybuys-raises-10-million-series-b/ http://pulse2.com/2007/10/08/mybuys-raises-10-million-series-b/#comments Tue, 09 Oct 2007 04:36:20 +0000 Amit Chowdhry http://pulse2.com/2007/10/08/mybuys-raises-10-million-series-b/ Continue reading →]]> MyBuys Logo“MyBuys can make your advertising spend much more efficient. By capturing the interest of consumers while they shop during ‘seducible moments’ we ensure the ability not only to follow up, but to do so in a powerfully relevant way,” says the MyBuys Acquire page.

MyBuys points out that many website traffic controllers spend lots of money on banners and SEO, but many visitors look around then leave. MyBuys insists that they have just the right model to keep customers on your site and possibly see an increase in sales.

MyBuys announced recently that they have raised $10 million in Series B led by Palomar Ventures and joined by Lightspeed Venture Partners. MyBuys’ model is described as a 1:1 behavioral service that finds a way to target customers while shopping and follow up with emails and RSS feeds.

MyBuys is based in Redwood City, Calif. and is managed by Robert Cell (CEO), Mark Weiler (VP of Engineering), and Paul Rosenblum (VP of Marketing).

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