M&A Deal Summary

Bankrate Acquires NextAdvisor - Business

On May 5, 2016, Bankrate acquired information technology company NextAdvisor - Business from NextAdvisor for 76M USD

Acquisition Highlights
  • This is Bankrate’s 1st transaction in the Information Technology sector.
  • This is Bankrate’s 2nd largest (disclosed) transaction.
  • This is Bankrate’s 11th transaction in the United States.

M&A Deal Summary

Date 2016-05-05
Target NextAdvisor - Business
Sector Information Technology
Buyer(s) Bankrate
Sellers(s) NextAdvisor
Deal Type Divestiture
Deal Value 76M USD

Target

NextAdvisor - Business

United States
NextAdvisor, Inc. - Business is a provider of proprietary marketing IT services.

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Buyer(S) 1

Buyer

Bankrate

New York, New York, United States

Category Company
Founded 1976
Sector Information Services
Employees552
Revenue 371M USD (2015)
DESCRIPTION

Bankrate is an online publisher, aggregator, and distributor of personal finance content. The Company's vision is to help consumers Maximize Your Money when they borrow, save or invest. With this in mind, RATE aggregates large scale audiences of in-market consumers by providing them with proprietary, fully researched, comprehensive, independent and objective personal finance and related editorial content across multiple vertical categories including credit cards, mortgages, deposits, senior care and other categories, such as personal and auto loans retirement, and taxes. RATE's flagship sites CreditCards.com, Bankrate.com, and Caring.com are leading destinations in each of their respective verticals and connect their vast audiences with financial service and senior care providers and other contextually relevant advertisers. RATE also owns and operates a number of specialist sites, apps and social platforms, including NextAdvisor.com, The Points Guy, Interest.com, Quizzle.com and Walla.by. Bankrate also develops and provides content, tools, web services and co-branded websites to over 100 online partners, including Yahoo!, CNBC and MarketWatch. In addition, Bankrate licenses editorial content to leading news organizations such as The Wall Street Journal and The New York Times. Bankrate was founded in 1976 and is based in New York.


DEAL STATS #
Overall 11 of 11
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 11 of 11
Year: 2016 M&A 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-29 insuranceQuotes

Denver, Colorado, United States

insuranceQuotes is a provider of web based compare insurance quotes.

Sell $165M

Seller(S) 1

SELLER

NextAdvisor

Burlingame, California, United States

Category Company
Founded 2006
Sector Internet Software and Services
DESCRIPTION

NextAdvisor, Inc. is an online source of independent and in-depth research and reviews of credit cards, personal finance and internet services.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
Size (of disclosed) 1 of 1