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Daft invest in Boards.ie

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  • 15-08-2008 10:38am
    #1
    Vexorg
    Registered Users Posts: 4,901 ✭✭✭


    Daft.ie invests in Boards.ie...

    Guys just to give you a heads up, I know the news will get out pretty fast today.

    The are business sensitive issues that we will not discuss of course.

    This is the formal press release..

    Guys

    Would like to let you guys know that the daft guys (Daft.ie) have invested and taken a minority shareholding in boards.ie.

    What we do has not been decided, but we will find a good use for it to improve boards.ie.



    Following is the press release:


    Dublin, 15th August 2008 (Embargo 7am)


    Daft Media, owner of leading property website Daft.ie, today announced the acquisition of a minority stake in Boards.ie for an undisclosed sum.


    Boards.ie is Ireland’s largest community website and attracts an audience of approximately one million monthly unique visitors. The investment will help strengthen the position of Boards.ie as a top Irish brand and online destination. There will be continued investment in the Boards.ie in order to maintain growth and seek out new audiences. Over the longer term, both companies have committed to continue to provide an independent and neutral platform for Irish consumers to voice their opinions.


    “We are very happy to welcome Daft on board as partners in Boards.ie“, said Gerry Shanahan, Managing Director, Boards.ie. “This investment will give us the ability to invest further in infrastructure, to add more features to the website and ultimately provide an improved service to our community of users.”


    Commenting on the investment, Eamonn Fallon, CEO at Daft Media “We strongly believe the future of media is online and Boards.ie is well positioned to be a leading player in Irish online media. Our combined audience is over 2.1 million unique viewers every month which is larger than most TV stations in Ireland. We are very happy to be working with the Boards.ie guys and look forward to helping them grow their business”.


    Ends


    Notes to the Editor


    About Daft Media
    Daft Media is one of Ireland's largest online media groups. Its flagship title, Daft.ie, is Ireland's largest property website. In 2007, over €60 billion worth of Irish property was listed on the site. The latest audited report from ABCe (April 2008) shows traffic of 75 million page impressions and 974,595 unique users. Daft Media acquired Property.ie in March 2008.


    About Boards.ie Boards.ie is Ireland’s largest community website that connects hundreds of thousands of Irish people of similar interests and gives them a platform to talk to each other. It hosts online communities interested in a huge range of topics from GAA to fashion, from movies to DIY. In July 2008, Boards.ie delivered 17 million page impressions to over 950,000 unique users.
    Post edited by Shield on


«134567

Comments

  • Options
    #2
    Vexorg
    Registered Users Posts: 4,901 ✭✭✭Vexorg


    Looks like I was beaten to it:)

    Link to first online news here.

    http://www.boards.ie/vbulletin/showthread.php?t=2055356383


  • Options
    #3
    Bob the Builder
    Registered Users Posts: 2,919 ✭✭✭Bob the Builder


    Thats pretty cool.
    Hope it all goes well


    ~NevF


  • Options
    #4
    parasite
    Registered Users Posts: 2,077 ✭✭✭parasite


    Fight the system, use myhome.ie


  • Options
    #5
    Gary ITR
    Closed Accounts Posts: 16,801 ✭✭✭✭Gary ITR


    Well done guys. Congratulations


  • Options
    #6
    Hail 2 Da Chimp
    Registered Users Posts: 7,589 ✭✭✭Hail 2 Da Chimp


    Boards.ie selling out? I never thought I'd see the day :D


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    #7
    Saruman
    Registered Users Posts: 11,389 ✭✭✭✭Saruman


    Well done lads. Just think how much money you guys put into this years ago and now maybe there will be a proper return.
    Fair play.


  • Options
    #8
    mike65
    Closed Accounts Posts: 88,978 ✭✭✭✭mike65


    Boycot daft.ie!

    WTF? Boards hitches its wagon to a leech of the declining property market?

    Ah well, I guess it could have been eircom (or Northern Rock)!


    Mike.


  • Options
    #9
    Dragan
    Closed Accounts Posts: 13,497 ✭✭✭✭Dragan


    Sounds good to me. Once the direction the Higher Ups have in mind never needs to be compromised then investment can only be a good thing and help with the growth of boards as an entity.

    Good news imo!


  • Options
    #10
    6th
    Registered Users Posts: 17,247 ✭✭✭✭6th


    I dont think the Admins have ever had anything but the interests of the community in mind so they have my 100% trust.


  • Options
    #11
    Overheal
    Registered Users Posts: 83,235 ✭✭✭✭Overheal


    as long as it remains to be community > commodity you'll continue receiving my vote!


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    #12
    Hail 2 Da Chimp
    Registered Users Posts: 7,589 ✭✭✭Hail 2 Da Chimp


    Does this mean CuLT's getting a pay raise?


    (OK CuLT I said it, please un-ban my family)


  • Options
    #13
    biggus
    Closed Accounts Posts: 510 ✭✭✭biggus


    Well done, stick to your core values, brilliant that the investors are indigenous Irish. Great future ahead,I can see the old print Media going the way of the record companies.

    Great if the doomsayers in the Media get outed by fresher, real alternatives.


  • Options
    #14
    javaboy
    Registered Users Posts: 15,094 ✭✭✭✭javaboy


    6th wrote: »
    I dont think the Admins have ever had anything but the interests of the community in mind so they have my 100% trust.

    Didn't they make you mod already?


  • Options
    #15
    biko
    Registered Users Posts: 81,220 ✭✭✭✭biko


    I assume this will mostly reflect in ads.
    Cloud for prez in the new world domination venture :pac:


  • Options
    #16
    godtabh
    Moderators, Science, Health & Environment Moderators Posts: 23,218 Mod ✭✭✭✭godtabh


    So what happens when people start giving daft.ie a hard time over in accomidation or what ever be it related to the investment or not? Will see charter changes that daft.ie is off limits?

    I'm not saying its gona happen but you know it gnerally does!

    Personaly I think it’s a good. I know a few of the lads from daft so its nice to see them do well as well


  • Options
    #17
    mike65
    Closed Accounts Posts: 88,978 ✭✭✭✭mike65


    Daftboards3.jpg

    Mike.


  • Options
    #18
    seamus
    Registered Users Posts: 68,317 ✭✭✭✭seamus


    kearnsr wrote: »
    So what happens when people start giving daft.ie a hard time over in accomidation or what ever be it related to the investment or not? Will see charter changes that daft.ie is off limits?

    I'm not saying its gona happen but you know it gnerally does!
    Daft.ie will not be given preferential treatment.

    If the Daft guys want to comment on-thread, they can. But this isn't going to be the start of censoring people for badmouthing daft or for mentioning myhome.ie and the other inferior sites :p


  • Options
    #19
    mike65
    Closed Accounts Posts: 88,978 ✭✭✭✭mike65


    Is the current deal subject to a clause regarding a maximum stake?

    Mike.


  • Options
    #20
    Bob the Builder
    Registered Users Posts: 2,919 ✭✭✭Bob the Builder


    seamus wrote: »
    Daft.ie will not be given preferential treatment.

    If the Daft guys want to comment on-thread, they can. But this isn't going to be the start of censoring people for badmouthing daft or for mentioning myhome.ie and the other inferior sites :p

    By the way seamus, vexorg must have forgot to mention it. Part of the agreement was that you were going to be fired...

    No. srsly. :pac:


  • Options
    #21
    javaboy
    Registered Users Posts: 15,094 ✭✭✭✭javaboy


    seamus wrote: »
    Daft.ie will not be given preferential treatment.

    If the Daft guys want to comment on-thread, they can. But this isn't going to be the start of censoring people for badmouthing daft or for mentioning myhome.ie and the other inferior sites :p

    Nice.


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    #22
    311
    Closed Accounts Posts: 5,332 ✭✭✭311


    seamus wrote: »
    Daft.ie will not be given preferential treatment.

    If the Daft guys want to comment on-thread, they can. But this isn't going to be the start of censoring people for badmouthing daft or for mentioning myhome.ie and the other inferior sites :p


    I presume they'll have there own spot on Daft.ie that will link with boards.ie.
    Boards will probably see more traffic now ,from property roamers ?


  • Options
    #23
    brianthebard
    Closed Accounts Posts: 16,165 ✭✭✭✭brianthebard


    You can buy shares in boards.ie?Cool.Well done admins.


  • Options
    #24
    seamus
    Registered Users Posts: 68,317 ✭✭✭✭seamus


    nevf wrote: »
    By the way seamus, vexorg must have forgot to mention it. Part of the agreement was that you were going to be fired...

    No. srsly. :pac:
    That's fine, I'll just issue an invoice for 7 years of unpaid overtime.


  • Options
    #25
    mike65
    Closed Accounts Posts: 88,978 ✭✭✭✭mike65


    Much click through traffic I wonder?

    Mike.


  • Options
    #26
    seamus
    Registered Users Posts: 68,317 ✭✭✭✭seamus


    mike65 wrote: »
    Is the current deal subject to a clause regarding a maximum stake?

    Mike.
    I doubt you'll get an answer to that one Mike. None of your business tbh. :)


  • Options
    #27
    Gone West
    Registered Users Posts: 6,374 ✭✭✭Gone West


    brianthebard wrote: »
    You can buy shares in boards.ie?Cool.Well done admins.
    No you can't in general.
    People have been offering on the boards (and more seriously in private, I assume) for years now.
    But the admins reckon that the daft guys have come up with the first offer that they can consider properly, as their work ethic and vision for the future of blah blah social etc is about the same.


  • Options
    #28
    Mena
    Registered Users Posts: 3,180 ✭✭✭Mena


    From Silicon.ie
    http://www.siliconrepublic.com/news/article/11213/new-media/daft-owner-makes-a-shrewd-investment-in-boards-ie
    Daft owner makes a shrewd investment in Boards.ie

    15.08.2008
    The owner of property website Daft.ie, Daft Media, has acquired a minority stake in Ireland’s largest community websites, Boards.ie, for an undisclosed sum.

    Established by John Breslin 10 years ago as a community notice board for Quake gamers – with the expectant words “The first of many messages, I hope” – Boards.ie has evolved into a major Irish brand and online destination with a monthly audience of one million unique visitors.
    Now members post on everything from personal problems to cars, property, music and movies.

    “This investment will give us the ability to invest further in infrastructure, to add more features to the website and ultimately provide an improved service to our community of users,” explained Gerry Shanahan, managing director of Boards.ie

    The shrewd move by Daft.ie will create an online powerhouse with a combined audience of over 2.1 million unique viewers, exceeding that of even established TV channels.

    The new management team said its immediate focus is to maintain growth of its respective sites but also seek out new audiences.

    “We strongly believe the future of media is online and Boards.ie is well positioned to be a leading player in Irish online media,” said Eamon Fallon, chief executive of Daft.ie, a major Irish destination for property buyers, sellers, landlords and tenants. In 2007, at the peak of the Irish property boom over €60m worth of Irish property was listed on the site, which boasts 974,595 unique users.

    “Our combined audience is over 2.1 million unique viewers every month, which is larger than most TV stations in Ireland. We are very happy to be working with the Boards.ie guys and look forward to helping them grow their business,” Fallon added.

    To give an insight into the potential direction of the evolving franchise, last year Boards.ie acquired the Boards Group, an international chain of domains, from founder John Breslin.

    The Boards Group comprises several domains: boards.us, a site for discussing all things related to the US; boards.jp, a Japanese animation fan site; and smaller discussion sites for New Zealand and China.
    The acquisition also included Journals.ie and Planet Journals, a popular blog hosting and aggregation service that Breslin started three years ago.
    By John Kennedy

    Pictured: screenshot of Boards.ie website


  • Options
    #29
    Overheal
    Registered Users Posts: 83,235 ✭✭✭✭Overheal


    boards.us needs a new injection of traffic though: it seems very very vacant the vast majority of the time - I famously challenged it dead in the feedback froum there. No offense to buffy bot, but the traffic there has whittled down to about 5-10 people, who visit infrequently.


  • Options
    #30
    javaboy
    Registered Users Posts: 15,094 ✭✭✭✭javaboy


    Mena wrote: »
    From Silicon.ie
    http://www.siliconrepublic.com/news/article/11213/new-media/daft-owner-makes-a-shrewd-investment-in-boards-ie
    Daft owner makes a shrewd investment in Boards.ie
    ........
    Pictured: screenshot of Boards.ie website

    I'm waiting for the inevitable "horrible skin" comment we get every time someone posts a screenshot with the normal skin.


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    #31
    Overheal
    Registered Users Posts: 83,235 ✭✭✭✭Overheal


    i like the skin tbh.


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