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Punchbowl Software Inc., a party planning website company, has made November acquisitions a trend, announcing this morning that it was buying key assets and technology from Socializr Inc. for an undisclosed amount.
One week shy of a year ago, Punchbowl bought the assets of the group travel website ImIn.com from its parent GroupGo LLC of Waltham, also for an undisclosed amount.
Socializr was founded by Friendster founder Jonathan Abrams as an event management platform that combined customized event invitations with a social networking component.
Last night, Punchbowl held a mixer party at the Estate in Boston. The company recently bought the domain Punchbowl.com, in addition to its original site MyPunchbowl.com.
Backed by New York-based Contour Venture Partners, Intel Capital, the investment arm of Intel Corp. and the eCoast Angel Network, a Portsmouth, N.H.-based angel investment group, Punchbowl last raised funds in September of 2008, bringing in $2.1 million in its first round. Including a previous angel round, the company has taken in approximately $3 million total, according to Matt Douglas, co-founder and CEO. Douglas, a former product development manager for Adobe Systems Inc., co-founded Punchbowl in 2006.
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