LES ECHOS - Dec 14 - Marc Simoncini, the CEO/Founder of Meetic explains why he is going to retain his shares in Meetic and unveils his plans for the next three years.
Q: What made you change your mind about the sale?
A: We talked with four potential buyers and no offer reflected the development potential of Meetic. It wasn't the right time.
A: First we will continue to develop Meetic Affinity, a site that has made 5M Eur in revenue in 2008 and 25M in 2009. Also at the end of the Q1 we will release a Meetic app on the iPhone, Android, Nokia, and Windows 7 phone.
Q: What are your goals in terms of membership numbers?
A: Today, Meetic has ~1M users. To achieve the revenue goals we have to increase the number of users 40%.
Q: What resources do you have for future acquisitions?
A: We had 28M Eur in cash as of Sept. 30, at the end of the year we should have ~40M, no debts. Potentially, we may redeem any of our European competitors.
Q: Even in Germany?
A: Germany is highly competitive market where we're still number two. We are waiting for opportunities. It is interesting to see that dating sites in Germany spent 100M Eur in TV advertising this year. Meetic spends ~100M across Europe.
Q: What is your position now in Meetic?
A: I remain the CEO.
The full article was originally published at Los Echos, but is no longer available.