Swagbucks

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Swagbucks
Type of site
Rewards, Loyalty Program
Available inEnglish
Headquarters United States
Key peopleChuck Davis, Josef Gorowitz, Scott Dudelson, Eron Zehavi
Revenue$54 million (2013)
ParentProdege
URLhttp://www.swagbucks.com/
Alexa rankDecrease 1,960 (April 2018)[1]
RegistrationRequired, services free
LaunchedFebruary 27, 2008 (11 Years)
Current statusActive

Swagbucks.com is an American rewards and loyalty-program operator operated by Prodege, LLC, and based in El Segundo, California.

History[edit]

Swagbucks' website is owned and operated by Prodege, a provider of digital services, including an online rewards portal (Swagbucks), content distribution platforms (Yowgo, nCrave), and an online polling technology platform (SodaHead).[2]

In 2006, Prodege introduced its first product: private label search engines that allowed charities to raise funds by having supporters perform internet searches[3] In early 2007, Prodege developed a second search loyalty product that allowed celebrities, brands and sports teams to engage fans through their own branded rewards program offering "swag" merchandise. In February 2008, Prodege launched its current business, Swagbucks.com – under Co-Founders Josef Gorowitz and Scott Dudelson – and introduced the SB as a digital currency earned for activity throughout its network of websites.

In January 2013, Prodege Founder Josef Gorowitz appointed former Shopzilla and Fandango CEO Chuck Davis as the company's executive chairman.[4]

In May 2014, Prodege announced that Technology Crossover Ventures (TCV) had invested $60 million into Prodege,[5] parent company of Swagbucks and other portfolio brands, and that Prodege also had appointed Executive Chairman Chuck Davis as its new CEO and Chairman, while Josef Gorowitz assumed the title of Founder and President. This was the company's first external investment. Prior to the TCV investment, Prodege had been fully bootstrapped and had grown to $53 million in profitable revenue in 2013.

In July 2014, Prodege announced its acquisition of SodaHead.com, an online polling technology platform founded by Jason Feffer.[6] SodaHead.com CEO Chris Dominguez and Founder Jason Feffer joined Prodege's executive leadership team in the move. SodaHead operates a consumer website and provides polling technology to media partners including ESPN, FOX News, and Good Morning America.

Awards and accolades[edit]

Year Nominee / work Award Result
2014 Josef Gorowitz, Founder of Prodege / Swagbucks Ernst & Young Entrepreneur of the Year: Los Angeles, Advertising Category Won
2014 Brad Kates, CFO of Prodege / Swagbucks Los Angeles Business Journal: CFO of the Year Won
2014 Shane O'Neill, CTO of Prodege / Swagbucks Los Angeles Business Journal: CIO of the Year Nominated
2011–2014 Prodege / Swagbucks, #28 for 2014 Los Angeles Business Journal, Best Places to Work Awards Won
2011–2014 Prodege / Swagbucks, #41 for 2014 Los Angeles Business Journal Fast Growing Private Companies Won
2013–2014 Prodege / Swagbucks, #96 for 2014 Deloitte Fast 500 Fastest Growing Private Companies Won
2011–2014 Prodege / Swagbucks, #1,245 for 2014 Inc. 5000 Won

References[edit]

  1. ^ "swagbucks.com Site Info". Alexa Internet. Retrieved 2018-04-03.
  2. ^ "Searching for swag: Music to fans' ears". Retrieved 6 September 2016.
  3. ^ "Interview with Scott Dudelson, Swagbucks - socaltech.com". Retrieved 6 September 2016.
  4. ^ "Ex-Fandango CEO Chuck Davis Joins Swagbucks; Company Raises $60M For Expansion". deadline.com. 2014-05-13. Retrieved 2018-03-28.
  5. ^ Faughnder, Ryan (May 13, 2014). "Swagbucks raises $60 million; former Fandango chief named CEO". Los Angeles Times. Retrieved 6 September 2016.
  6. ^ "Swagbucks acquired SodaHead and now they'll be kings of web polling". Retrieved 6 September 2016.

External links[edit]