Dating sites plentyoffish match

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In March of this year, Plenty Of Fish surpassed 100 million users and employed more than 70 people at its downtown Vancouver office.The Match Group says the deal is subject to approval from the federal industry minister and is expected to close early in the fourth quarter.As Tech Crunch reported yesterday, the Vancouver, Canada-based online dating website Plenty Of Fish announced that it was getting acquired by Match Group, the subsidiary of IAC/Inter Active that also owns Match.com, Tinder, and OKCupid.The company is set to be acquired for 5 million in cash and should close early in the fourth quarter of this year.Plenty Of Fish has steadily lured in people seeking everything from no-strings attached hookups to marriage since CEO and founder Markus Frind launched the company from his Vancouver apartment in 2003.By 2008, Frind had 15 million users, million in revenue and doubled his workforce — to two.The Match brands and Plenty Of Fish both make revenue through a combination of advertising and paid subscription options.IAC, the parent company of Match Group, owns a variety of media and Internet properties including the Princeton Review, Investopedia, Vimeo and the Daily Beast.

In a statement on its website, Match Group CEO Sam Yagan says it was attracted to Plenty Of Fish's consistent growth and it plans to integrate the Canadian company's mobile app into its existing family of digital and online dating services.Plenty Of Fish’s acquisition is by all means an outlier to the overall dating services industry.When looking at the amount of funding alone that’s been pumped into this industry, dating startups have yet to break 0 million in overall industry investment from venture capitalists.The Match Group, which owns a cluster of online dating services including Match.com, Tinder and OKCupid, has agreed to buy Plenty of Fish for 5m in a bid to pad out its portfolio as it heads towards its IPO later this year.He said: "As more people than ever use more dating apps than ever with more frequency than ever, Plenty of Fish's addition both brings new members into our family of products and deepens the lifetime relationship we have with our users across our portfolio." The Match Group is a subsidiary of Barry Diller's IAC/Inter Active Corp, which said last month that it would spin the division off by floating it on the stock market.

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