LivingSocial jumps on Australian group-buying outfit

Cashed-up US group-buying giant LivingSocial has just snapped up the two-year-old Australian site Jump On It.

Colin Fabig, James Gilbert and Adam Rigby launched Jump On It in late 2009, as part of the first wave of group-buying companies. The seasoned internet entrepreneur trio was backed by technology investor heavyweights Nextec, Roger Allen of Allen and Buckeridge and Peter James, former CEO of Adcorp and current managing director of cloud computing provider Ninefold. Read More