I was impressed at SuiteWorld to hear Groupon had implemented NetSuite in 26 countries in under 3 months. But I did wonder why such a young company needed that much functionality in so many markets.
Turns out Groupon has been buying up stakes in similar sites around the world – CityDeal in Germany, Darberry in Russia, ClanDescuento in Chile, Qpod in Japan. Its recent S-1 filing shows Q1 revenues of $ 645 million. That’s a quarter’s revenue!
Does that make it worth $ 15 or 20 billion? Who knows. But little doubt it is the fastest-growing company of all time. And it may also hold the record for fastest global ERP rollout of all time.
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