M&A Deal Summary

Bankrate Acquires Savingforcollege.com

On December 1, 2007, Bankrate acquired media company Savingforcollege.com

Acquisition Highlights
  • This is Bankrate’s 1st transaction in the Media sector.
  • This is Bankrate’s 1st transaction in the United States.
  • This is Bankrate’s 1st transaction in New York.

M&A Deal Summary
Date 2007-12-01
Target Savingforcollege.com
Sector Media
Buyer(s) Bankrate
Deal Type Add-on Acquisition
Advisor(s) Peregrine Capital Partners (Financial)

Target

Savingforcollege.com

Pittsford, New York, United States
Savingforcollege.com was established as a private company in 1999 with a mission to help individuals and professional advisors better understand how to meet the challenge of paying higher education costs.

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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 1 of 11
Sector (Media) 1 of 1
Type (Add-on Acquisition) 1 of 10
State (New York) 1 of 1
Country (United States) 1 of 11
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-05 NetQuote

Denver, Colorado, United States

NetQuote, Inc. is a provider of consumers with a free, simple, and effective way to fulfill their insurance shopping needs. NetQuote works with hundreds of partner companies that provide insurance quotes based on information that you supply.

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