Frugalo, a daily deals aggregation platform that emerged from?AngelPad's third group of startups last fall, is being acquired by social video site TwitVid. As you may have guessed, the move was more about bringing Frugalo's founders on board than it was an indication that TwitVid is now interested in the daily deals market. However, some of the personalization technology in use at Frugalo will make its way over to the social network as a part of the deal. Frugalo's founders, CEO Mike Cieri and Scott Reynolds, say they discovered a shared passion with what the?TwitVid team is doing, given both companies' focus on the creation of social experiences to help users discover and share. But finding kindred spirits at TwitVid wasn't the only thing that pushed Frugalo in this direction - the changes in the daily deal space also influenced the founders' decision, they admit.Source: http://feedproxy.google.com/~r/Techcrunch/~3/2sdMCHqGM1g/
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