|By Business Wire||
|May 8, 2014 01:06 PM EDT||
Moontoast, the leader in Social Rich Media, acquires Spendship, a revolutionary mobile-driven affiliate and loyalty platform, to further enhance its product offering, helping brands drive business results and engage with customers. As brands face the challenge of effectively interacting with customers in social media, Moontoast’s acquisition of Spendship will help brands deepen fan engagement, from first introduction through ongoing advocacy.
Jason Weaver, former Founder and CEO of Shoutlet, launched Spendship to help companies turn passionate customers and social media fans into a sales force for their products and services. He will be joining Moontoast as Chief Product Officer, overseeing all aspects of product innovation. While at Shoutlet, Jason was the company’s primary product development visionary. In 2013, Shoutlet was recognized as the leader in product functionality according to Forrester Research’s Social Media Management Platform Wave Report.
Jason’s new company, Spendship, was launched in December 2013 to help companies connect social media fans with direct revenue using a powerful new loyalty and affiliate marketing platform.
“I’m excited to become a part of the Moontoast team. Their employees, customers, and technology are a perfect fit to further accelerate Spendship’s vision. There is a huge opportunity to bring Social Rich Media and affiliate marketing together in a completely new way. I’m thrilled to be leading the way with the combined companies,” Jason Weaver, CEO of Spendship, stated.
“Spendship has a powerful and refreshing take on affiliate and loyalty marketing. Spendship’s mobile-first strategy is completely aligned with Moontoast’s product vision. We believe Spendship will give our clients and prospects a combined engagement and retention platform that fulfills an obvious and overlooked market need,” said Blair Heavey, CEO of Moontoast.
Moontoast is the leader in Social Rich Media advertising. Brands, advertisers and agencies choose Moontoast’s Social Rich Media Ad platform to create and distribute mobile-responsive rich media ads across all major social channels, including Facebook, Twitter and LinkedIn. Moontoast’s clients include Toyota, TBS, Nissan, VEVO, Lexus, Condé Nast, and AMD.
Moontoast is a venture-backed company that is headquartered in Nashville, Tennessee, with offices in Boston and San Francisco. For more information, visit: http://www.moontoast.com/ or email [email protected].
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