SOURCE: Bonanza

January 10, 2011 17:16 ET

Bonanza Named Finalist for Washington Technology Industry Association's 'Consumer Product of the Year'

SEATTLE, WA--(Marketwire - January 10, 2011) - Bonanza, the leader in community-driven social commerce, announced today that it has been named a finalist by the Washington Technology Industry Association (WTIA) in the 'Consumer Product or Service of the Year' category. 

This year marks the 16th annual Industry Achievement Awards, a signature event celebrating Washington's technology industry. "These finalists represent the most creative and innovative companies and individuals in our industry and deserve the highest congratulations," said Susan Sigl, president and CEO of the WTIA. "We're fortunate to live and work in a state with such a diverse and vibrant technology community. I wish each finalist the best and look forward to revealing the winners in February."

"On behalf of all our wonderful merchants at Bonanza we're honored to be included in such a competitive field of finalists," said Bill Harding, chief executive officer of Bonanza. "Although we provide the platform, it's really our community that brings Bonanza to life every day and inspires us to make it the best and most empowering marketplace available." 

Founded in 2008, Bonanza has quickly become one of the most popular social commerce sites on the Internet. At present, Bonanza has more than two million monthly visitors, 300,000 registered users and more than 3.4 million items for sale across its array of storefronts. Sales on Bonanza have increased by 150 percent over the past year, Harding said.

Bonanza renamed and rebranded late last year after operating for two years as Bonanzle. Earlier in the year Bonanza raised $1 million in funding from a group of prominent investors, including Ignition Partners, Voyager Capital, Founder's Co-op and Curious Office Partners, all of Seattle, and Matrix Partners of Silicon Valley. The investment round also included prominent angel investors such as BuddyTV founder Andy Liu, Wetpaint founder Ben Elowitz and Ontela co-founder Dan Shapiro.

About the Washington Technology Industry Association

The Washington Technology Industry Association, founded in 1984, is one of the largest statewide associations of technology companies, IT departments and individual technology professionals in North America. With more than 1,000 members representing more than 125,000 employees in Washington State, the association is a catalyst for sharing expertise, fostering collaboration, delivering key business services and advancing the value and global impact of technology companies doing business in Washington. The association's corporate sponsors are F5 Networks, HTC, Microsoft, Moss Adams LLP, RealNetworks, Regence BlueShield, Vertafore and Wells Fargo Insurance Services. For more information, go to www.washingtontechnology.org.

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