CNW - Sep 18 - POF is acquiring FastLife, the world's largest speed dating and singles event company. "The direction of online dating is undeniably headed towards a merging of the online and offline worlds," said Markus Frind, founder and CEO of POF. FastLife holds ~2,400 events a year. These events have generated annual revenue of ~$2.5M. POF and FastLife will be rolling out singles events in US over the next year. FastLife was created by a husband and wife team, Justin and Annabelle Parfitt. Annabelle will continue as CEO of FastLife, which is branded as Fast Impressions in Australia. POF wants to invest ~$30M in the next 12 months."
The full article was originally published at Yahoo Finance, but is no longer available.
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