Quotesmith.com acquires Insure.com. (Technology).Insurance aggregator and broker Quotesmith.com said it has acquired selected assets of Insurance News Network TIC, a West Hartford West Hartford, town (1990 pop. 60,110), Hartford co., central Conn., a suburb of Hartford; settled c.1679, inc. 1854. Industrial production, which comprises a geographically small part of West Hartford, includes machine tools and parts, aircraft accessories, air , Conn.-based provider of consumer insurance news and information. The acquisition includes Insurance News Network's flagship Insure Insure can mean:
Quotesmith.com said it paid $1.4 million in cash and issued 316,000 stock options for the acquisition. Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. Bland, Quotesmith.com's founder and chairman, said the acquisition would make Quotesmith.com's insurance brokerage services available to the more than 400,000 people he says visit Insure.com's Web site every month. "Ownership of this acclaimed ac·claim v. ac·claimed, ac·claim·ing, ac·claims v.tr. 1. To praise enthusiastically and often publicly; applaud. See Synonyms at praise. 2. site gives us an arsenal of valuable content, a permanent new customer gateway and the potential to accelerate our acquisition of new customers," Bland said in a statement. Quotesmith.com provides instant quotes from more than 300 insurance companies for online insurance shoppers seeking to buy automobile, life, health and annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. products, Bland said. Insure.com will maintain its editorial staff and brand name as a separate business unit, in its West Hartford, Conn., headquarters. Founder and publisher Philip Moeller will continue to lead the business as a senior vice president for Quotesmith.com. |
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