Phoenix’s $99 Social is a local Arizona born and raised business, offering daily content for businesses’ Facebook and Twitter pages for only $99 a month. Co-founders Tara Vosse and John Holling started $99 Social in response to countless entrepreneurs who simply didn’t have the time (or the know-how) to execute effective social media campaigns. Since then, the company has been featured in a number of prestigious publications, like Entrepreneur magazine, Inc., and Forbes, and expanded to offer Pinterest, Instagram, blog writing, and LinkedIn services.
Now $99 Social is celebrating its acquisition by Wired Investors, a prestigious broker, web investing resource, and group of seasoned investors. Because they help negotiate web property acquisitions and deals, Wired Investors comes across thousands of businesses for sale each year. They only add a few to their portfolio. But this doesn’t mean $99 Social got lucky—with plenty of elbow grease, the company was able to streamline its social media system and achieve immense growth before it was acquired. Partners and advisors Adam Toren, Matthew Toren, and Karen Nowicki put their impressive growth skills to work, helping $99 Social reach new structural, strategic, and financial levels. At the time of acquisition they had already grown $99 Social to about 48 members of the team (staff and content specialists).
As an Internet-based business that focuses on social media marketing, $99 Social is an ideal complement to the rest of Wired Investors’ portfolio. The group looks forward to bringing $99 Social to new heights.
“When we first launched $99 Social, we began with this end in mind: to create an amazing company that assists small businesses, grow it into something strong, thriving, and vibrant, and exit only if and when we could be acquired by a team whose goals and vision for the future matches our own,” Vosse said in a statement to PRWeb. “After [two and a half] incredible years, this vision has become a reality. I know I speak for our entire team when I say: We couldn’t be happier with this outcome, and every member of the team is looking forward to seeing $99 Social continue to thrive and achieve even greater heights.”
In the end, $99 Social’s acquisition by Wired Investors represents a major win for Tara Vosse and John Holling—both long-time social media buffs—as well as Karen Nowicki and the Toren brothers, who introduced Wired Investors, knowing for $99 Social that it would be a perfect match.