Los Angeles-based Yowza!!, the developer of a mobile coupon and deals app, which was backed by comedian Wayne Brady, the Tech Coast Angels, the Pasadena Angels, Originate, and others, has been acquried by mobile commerce software provider Spindle. Spindle said it acquired substantially all of Los Angeles-based Yowza, and will integrate Yowza's mobile coupon product into its mobile marketing services. Financial details of the acquisition were not announced.
Originate's partnership and investment in Yowza!! was established in 2013 to bring coupons to shoppers whenever and wherever they need them. The solution allowed users to simply download the app, find the coupon on Yowza!!, shop, scan the barcode at the register and save. Yowza!! differed from other coupon services by not taking a cut out of each sale and instead charging an initial membership fee for the merchants.