Bolt said it would integrate Fonepark's two-way SMS messaging service into its Web- and WAP-based tools.
Silicon Alley teen content and e-commerce network Bolt Monday announced the acquisition of Fonepark, a British software firm that builds wireless text messaging applications for mobile phones.
Terms of the deal were not disclosed.
Bolt said it would integrate Fonepark's two-way SMS messaging service into its Web- and WAP-based services available to teens, ideally with an eye to providing advertisers with new ways to reach the site's membership
"By integrating two-way SMS messaging into its proprietary Web- and WAP-based tools, Bolt will expand its relationship with young adults by capitalizing on the worldwide popularity of wireless text messaging, giving it an early lead in the US adoption of this medium," the company said in a statement.
Existing Bolt advertisers, such as consumer package goods giant Procter & Gamble -- which in September inked a two-year deal with Bolt to sponsor several content areas -- could use the service to attach marketing messages or promotions to users' SMS messages to each other.
"We see a unique opportunity for our blue-chip clients such as Procter & Gamble and America Online to use Bolt as the vehicle to increase awareness, loyalty and retention among young adults," Bolt CEO Dan Pelson told internetnews.com sister publication atNewYork.
In addition to acquiring Fonepark's technology, a number of Fonepark's key personnel are joining Bolt's UK management team.
Bolt, which withdrew a $44 million IPO filing last November, provides tools and services such as email, homepages, clubs and instant messaging to a teenage audience. The company's investors include Bechtel Enterprises Holdings Highland Capital Partners, Sandler Capital Management, Oak Investment Partners and Moore Capital Management.
Want to learn more? Join us at ClickZ Live New York 2015
[ALERT] Super Saver Rates Expire January 30. With over 15 years of experience delivering industry leading events, ClickZ Live brings together over 50 expert speakers to deliver an action-packed, educationally-focused agenda covering all aspects of digital marketing. Quick! - Register today to secure your place at the best rate.
With 15 years of online marketing experience, Brian has designed the digital strategy and marketing infrastructure for a number of businesses, including his own technology consulting company, Conversion Sciences. He built his company to transform the Internet from a giant digital-brochure stand to a place where people find the answers they seek. His clients use online strategies to engage their visitors and grow their businesses. Brian has created a series of Web strategy workshops and authors the Conversion Scientist blog. Brian works from Austin, Texas, a place where life and the Internet are hopelessly intertwined.
Singapore, 5-6 March
Bangkok, 17-18 March
Hong Kong, April 2015
Google My Business Listings Demystified
To help brands control how they appear online, Google has developed a new offering: Google My Business Locations. This whitepaper helps marketers understand how to use this powerful new tool.
5 Ways to Personalize Beyond the Subject Line
82 percent of shoppers say they would buy more items from a brand if the emails they sent were more personalized. This white paper offer five tactics that will personalize your email beyond the subject line and drive real business growth.
January 29, 2015
1:00pm ET/10:00am PT