The Match Group, which owns a cluster of online dating services including Match.com, Tinder and OKCupid, has agreed to buy Plenty of Fish for 5m in a bid to pad out its portfolio as it heads towards its IPO later this year.
He said: "As more people than ever use more dating apps than ever with more frequency than ever, Plenty of Fish's addition both brings new members into our family of products and deepens the lifetime relationship we have with our users across our portfolio." The Match Group is a subsidiary of Barry Diller's IAC/Inter Active Corp, which said last month that it would spin the division off by floating it on the stock market.
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The hackers successfully exported 345 accounts from the Plentyof Fish (POF) database, and then tried to convince the site to hire them as a security team.
If POF refused, the hackers said they would release the data to the press, the company said.
The Match Group also owns the Princeton Review, the college admission preparation website, and Daily Burn, which streams fitness videos.
The acquisition is the latest in a string of movements in the online dating sector.
He has retained complete ownership of the company, which has 75 employees.
"By the time I found out what VCs were, I was already making millions in profit, and I didn't see the need to raise money because I wouldn't know what to do with it," he told Business Insider.
fianna Fail Man writes "Wired reports one mathematician's mission to find love online by data mining from OK Cupid and applying mathematical modeling to optimize his profile(s).
His methods included using 'Python scripts to riffle through hundreds of Ok Cupid survey questions.
"The breach was sealed in minutes and the Plentyoffish team had spent several days testing its systems to ensure no other vulnerabilities were found.