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Internet Brands

 
Hoover's Profile: Internet Brands, Inc.
 
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(NASDAQ (GS):INET)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Internet Brands, Inc.
909 N. Sepulveda Blvd., 11th Fl.
El Segundo, CA 90245
CA Tel. 310-280-4000
Toll Free 800-692-2200
Fax 310-280-4868

Type: Public
On the web: http://www.internetbrands.com
 Employees: 625
Employee growth: 2.0%

Internet Brands takes shopping from research to retail with a few clicks of a mouse. The company helps customers research and purchase big-ticket items, such as cars, real estate, mortgages, and provides online travel and career services. Its more than 200 Web sites include those for automobiles (Autos.com, CarsDirect.com), homes and mortgages (Loan.com), and vacation rental properties (BBOnline.com, VacationHomes.com). The company offers financing and mortgages through various banks. More than 3,000 local car dealers have joined its nationwide network and it has alliances with Penske Automotive Group (formerly United Auto Group). Founded as CarsDirect.com in 1998, Internet Brands went public in late-2007.

Key numbers for fiscal year ending December, 2008:
Sales: $104.0M
One year growth: 15.7%
Net income: $11.6M
Income growth: 3616.7%

Officers:
Chairman: Howard Lee Morgan
President, CEO, and Director: Robert N. (Bob) Brisco
COO: Lisa Morita

Competitors:
AutoNation
Monster Worldwide
Orbitz Worldwide

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Internet Brands, Inc.
Type Public, (NASDAQ: INET)
Founded 1998
Headquarters El Segundo, CA
Area served Worldwide
Key people Robert Brisco, President and CEO
Industry Internet Media
Products Consumer-informative web services
Revenue ▲ USD104 million (2008)
Operating income ▲ USD 19 million (2008)
Net income ▲ USD 11.6 million (2008)
Website InternetBrands.com

CarsDirect

WikiTravel.org


Internet Brands (NASDAQ: INET) is a new media company based in El Segundo, California that operates online media, community, and e-commerce sites in vertical markets. The company also develops and licenses internet software and social media applications.

Contents

Businesses

The company operates two divisions: consumer internet and licensing.

Consumer Internet Division

The consumer internet division owns and operates more than 80 websites in six categories. The largest websites include:

The company follows a strategy of aggregating target audiences that are primarily monetized through advertising; the sites are focused on specific vertical markets which tend to be most attractive to advertisers.[4] [5][6]

According to the company's home page, the sites generated 49 million unique visitors in March 2009.

The company's portfolio of websites include many that have been described as using a Web 2.0 strategy, since they extensively utilize social network services, user generated content, blogs, wikis, and internet forums.[7] [8] Many of the websites are driven by sizeable virtual communities (millions in total membership); for instance FlyerTalk tallies 175,000 registered members on its home page, CorvetteForum.com more than 200,000, Hunting.net more than 122,000, HDForums (Harley Davidson) more than 80,000.

The company is an active acquirer of websites.[9]

Licensing Division

The licensing divisions consists of Autodata Solutions and vBulletin. vBulletin software, which is among the most popular internet forum software in the world, is utilized by many of the company's community-driven websites. Autodata Solutions supplies content and software solutions to Internet Brands websites, but Autodata's primary business is serving third party clients, such as most as of the leading Automotive OEMs and many internet portals. Autodata was acquired by Internet Brands in 1999.[10]

History

The company was founded in 1998 as CarsDirect.com, launched from the business incubator Idealab. The company invented a consumer-advocacy approach to selling cars "haggle-free" online, an approach it continues to employ.[11] In 2000, Roger Penske invested in the company and joined the Board of Directors. In 2002, Time Magazine voted the site one of the 50 best in the World.[12]

Reflecting its growth and diversification, the company changed its name in 2005. [13] The company's IPO was in November 2007 on the NASDAQ exchange.[14]

Internet Brands is headquartered in El Segundo, California; Autodata is headquartered in London, Ontario.

Recognitions and Awards

Internet Brands websites have received numerous recognitions; some of the recent awards in reverse chronological order:

  • BensBargains.net named one of the "100 most useful websites" by MSN Money in 2009.[15]
  • DoItYourself.com selected as one of the "Top 10 Sites for Do It Yourself Projects" by PlanetGreen.com in 2009.[16]
  • Bargainist.com named one of the "Top 100 Favorite Blogs" by PC World in 2009.[17]
  • FitDay.com named top fitness site by PC World in 2008.[19]
  • CarsDirect.com named top 7 site for "buying or selling anything" by PC World in 2008.[20]
  • ApartmentRatings.com won the Innovator Award in 2006 from the Inman News.[22]
  • Cruisemates.com voted best site for Cruise reviews by Kiplinger's in 2006.[26]

See also

References

  1. ^ Internet, Brands. "Car Enthusiast Site coverage". http://www.webpronews.com/topnews/2007/07/19/internet-brands-acquires-several-car-forums. Retrieved on 2006-06-26. 
  2. ^ Internet, Brands. "10 Career Sites Acquired by Internet Brands". http://www.internetinc.com/Internet-brands-acquires-10-career-sites. 
  3. ^ SoCalTech. "Internet Brands Buys Two Websites, Targets Money and Finance". http://www.socaltech.com/internet_brands_buys_two_websites_targets_money_and_finance/s-0021363.html. 
  4. ^ Internet, Brands. "As Online Ads Grow, Eyeballs Are Valuable Again on the Web; New York Times article". http://www.nytimes.com/2006/06/26/technology/26ecom.html. Retrieved on 2006-06-26. 
  5. ^ Internet, Brands. "Internet Brands Thrives Under Google's Shadow". http://community.investopedia.com/news/IA/2008/Internet_Brands_Thrives_Under_Googles_Shadow.aspx. Retrieved on 2008-04-22. 
  6. ^ Internet, Brands. "Small Cap Investor, Internet Brands a Step in a different direction". http://www.smallcapinvestor.com/stockresearch/spotlight/2008-08-26-internet_brands_a_step_in_a_different_direction. 
  7. ^ Internet, Brands. "US News, The Next Internet Gold Rush". http://www.usnews.com/blogs/americas-business/2006/8/28/the-next-internet-gold-rush.html. Retrieved on 2006-08-28. 
  8. ^ Internet, Brands. "Internet brands goes into overdrive: Web 2.0 company is on a buying binge". https://www.entrepreneur.com/tradejournals/article/177592380.html. Retrieved on 2008-03-18. 
  9. ^ Internet, Brands. "Internet Brands Looks to Future Acquisitions". http://www.socaltech.com/internet_brands_buys_two_web_sites__looks_to_future_acquisitions/s-0018190.html. Retrieved on 2008-08-11. 
  10. ^ CarsDirect. "Acquires Autodata Solutions". http://www.accessmylibrary.com/coms2/summary_0286-27409315_ITM. 
  11. ^ CarsDirect. "Initial Test of Online Car Buying". http://ecommerce.hostip.info/pages/181/Carsdirect-Com-SUCCESSFUL-TEST-LED-NATIONAL-MAY-1999-LAUNCH.html. 
  12. ^ CarsDirect. "Time Magazine's 50 Best Websites". http://www.time.com/time/2002/tech/best. 
  13. ^ Internet, Brands. "CarsDirect Becomes Internet Brands". http://www.internetbrands.com/ib/news/press-releases. Retrieved on 2005-06-16. 
  14. ^ Internet, Brands. "Internet Brands IPO data". http://www.ipohome.com/ipohome/ipoprofile.aspx?ticker=INET.. Retrieved on 2008-11-21. 
  15. ^ MSN Money. "The 100 most useful Web sites". http://articles.moneycentral.msn.com/SmartSpending/FindDealsOnline/the-100-most-useful-web-sites.aspx?gt1=33009&ucpg=2#uc2Lst. 
  16. ^ PlanetGreen.com. "Top 10 Sites for Do It Yourself Projects". http://planetgreen.discovery.com/home-garden/diy-projects-websites.html. 
  17. ^ PC World. "Our Favorite Blogs". http://www.pcmag.com/article2/0,2817,2337274,00.asp. 
  18. ^ Time.com. "50 Best Websites 2008". http://www.time.com/time/specials/2007/article/0,28804,1809858_1809957_1811566,00.html. 
  19. ^ FitDay. "FitDay site wins PC World Award". http://www.pcworld.com/article/151430/healthy_and_happy_9_sites_for_fitness_and_travel.html. Retrieved on 2008-10-01. 
  20. ^ CarsDirect. "CarsDirect site wins PC World Award". http://www.pcworld.com/article/151425/7_sites_for_buying_selling_and_renting_almost_anything.html. Retrieved on 2008-10-01. 
  21. ^ Wikitravel wins webby. "Interview with Wikitravel founders". http://ibbydev.blogspot.com/2007/05/wikitravel-interview-with-founders.html. Retrieved on 2007-05-11. 
  22. ^ ApartmentRatings.com. "ApartmentRatings win prestgous Inman award". http://www.inman.com/events/real-estate-connect-san-francisco-2008/innovator-awards. 
  23. ^ RealEstateABC. "RealEstateABC.com Webby award nominee". http://www.webbyawards.com/webbys/current_honorees.php?media_id=96&category_id=53&season=10. 
  24. ^ DoItYourself.com. "CNN Money selects DIY as one of best Real estate sites". http://money.cnn.com/2006/05/12/real_estate/reguide_moneymag_addresses_0606/index.htm. 
  25. ^ Autos.com. "Autos.com Webby award nominee". http://www.webbyawards.com/webbys/current_honorees.php?media_id=96&category_id=72&season=10. 
  26. ^ Cruisemates.com. "Cruisemates chosen as one of best 25 travel deal websites". http://www.kiplinger.com/features/archives/2006/03/travelsites.html. 

External links


This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)

 
 

 

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