Online Personals Watch: Information regarding the On line Dating Industry and company

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The Meet Group Launches Face Verification

BUSINESSWIRE – Sep 21 – The Meet Group rolls out AI-powered face verification using FaceTec’s 3D selfie technology, a individual liveness check. Verification badges roll off to MeetMe user pages this week, then Skout and Tagged within months. FaceTec’s AI software confirms the consumer is physically contained in front of this digital camera. As badge adoption increases, it shall be a necessity for particular pursuits like giving pictures in talk. Also, FaceTec’s AI provides a 3d age estimation.

” In the start with this 12 months, we established our dedication to safer dating in 2020, handling key problems impacting dating apps everywhere: Authenticity, Age Estimation, Device Blocking, and Textual Screening,” stated Geoff Cook, CEO associated with Meet Group. “with all the launch associated with Profile Verification Badge on MeetMe, we’re. assisting to make sure authenticity and end catfishing.”

Other initiatives include utilizing URSafe so users can remain linked in an urgent situation, collaborating with Microsoft on Project Artemis which makes use of common textual patterns plus an age detection motor to stop son or daughter exploitation, the introduction of a Safer Dating Advisory Board of epidemiologists and infectious disease experts to give advice directed at decreasing the chance of contagion while dating, and applying DeviceCheck to block bad actors’ products. See TMG’s security overview.

This post additionally appears on VerySocialNetwork

The Meet Group Acquired and seeking at 2022 IPO as ParshipMeet!

BUSINESSWIRE – Sep 4 – The Meet Group announced the conclusion of its purchase because of the moms and dad business of eharmony. ParshipMeet Group was made to handle The Meet Group and Parship Group. It now runs MeetMe, LOVOO, Tagged, Skout, GROWLr, eharmony, Parship and ElitePartner.

The Meet Group centers around community while bringing entertainment that is social dating, monetizing through livestreaming video clip. Parship Group brands are market leaders into the matchmaking room; centered on severe relationships and monetizing through subscriptions.

The all-cash deal represents an enterprise value of

“Our company is delighted to mix having a globally leading matchmaking company,” stated Geoff Cook, CEO for the Meet Group. “We think this deal can help determine the continuing future of dating. We shall continue steadily to give attention to. building the dating features that are best in the globe, . purchasing livestreaming. and discovering possibilities to expand and grow – organically and through strategic relationships, including our video-platform-as-a-service offering”. 195k+ dating games are played every day throughout the Meet Group’s apps, up 104% since March.

“The Meet Group’s livestreaming video clip platform is exclusive and well positioned for a world that is post-pandemic movie becomes a vital element of finding and assessment very very first times,” said Tim Schiffers, CEO of ParshipMeet Group. “By combining The Meet Group’s assets with Parship Group’s talents, we have produced a dating that is global plus one of the most extremely diversified portfolios of dating brands on the planet. . We come across significant potential to help expand the rise of this Meet Group’s video clip platform-as-a-service items, aswell opportunities for cross-selling and knowledge-sharing.”

ParshipMeet Group is jointly owned by ProSiebenSat.1, a number one TV that is free-to-air and video clip activity business into the German-speaking areas, and General Atlantic, a number one worldwide development equity company supplying money and strategic help for development businesses.

Furthermore, from ProSiebenSat1:ParshipMeet Group has revenues of EUR 451 million and modified EBITDA of EUR 95 million at the time of H1 2020, going back one year. Double-digit yearly development prices anticipated

The combined business operates as ParshipMeet Group, a newly-minted unicorn and a respected worldwide player into the online dating market. ProSiebenSat.1 has 53% and General Atlantic 43% in ParshipMeet Group. The remaining is held by administration.

Rainer Beaujean, Chairman & CFO, ProSiebenSat.1 said, “This investment instance can be another strong evidence of idea of our power gratis to utilize the skills of y our activity company to guide the rise and growth of consumer-facing electronic platform and business organizations.”

Joern Nikolay, MD, General Atlantic stated, “We believe in the capability of ParshipMeet Group. to create transformative electronic innovation towards the global on line dating sector. and harness the energy of technology.”

Tim Schiffers, CEO, ParshipMeet Group stated, “Online dating, and interactive real time movie in specific, is an international megatrend which will continue steadily to transform most of our life in the foreseeable future. . Our brands span the entire spectral range of the dating that is online: conference, dating and dropping in love. . We have been completely placed for sustained long-term growth.”

ProSiebenSat.1 and General Atlantic are evaluating an IPO for ParshipMeet Group in 2022.