Profile: IAC/InterActiveCorp (IACI.OQ)
IAC/InterActiveCorp (IAC), incorporated on July 28, 1986, is a media and Internet company consists of more than 150 brands and products. The Company’s segment includes Search & Applications, Match, Local, Media and other. Its Search & Applications segment consists of Websites, including Ask.com, About.com, Dictionary.com and Citysearch.com through which it provides search services and content, and applications, including its direct to consumer downloadable applications operations (B2C) and its partnership operations (B2B). Through the brands and businesses within its Match segment, it provides subscription-based and ad-supported online personals services in North America, Europe, Latin America, Australia and Asia. Its Local segment consists of HomeAdvisor and Felix. Its Media segment consists of Vimeo, Electus, DailyBurn and the Daily Beast.
Search & Applications
The Company’s Websites and Applications businesses provide search services to its users. These search services involve the generation and display of a set of hyperlinks to Websites deemed relevant to search queries entered by users. In addition to these algorithmic search results, paid listings are also generally displayed in response to search queries. The Company’s Websites, through which it provides search, content and other services, primarily consist of Ask.com, which provides general search services, as well as question and answer services that provide direct answers to natural-language questions; About.com, which provides detailed information and content written by independent, freelance subject matter experts across hundreds of vertical categories, Dictionary.com, which provides online dictionary, reference, educational and learning services, and Citysearch.com, InsiderPages.com and Urbanspoon.com, through which consumers can access local merchant information and reviews online.
The Company’s business to customer (B2C) applications business develops, markets and distributes a range of downloadable applications that offer users the ability to access search services, as well as engage in a number of other activities online, such as play games, send e-cards, decorate e-mails and Web pages and explore select vertical categories. Most of the Company’s B2C applications are toolbars, which consist of a browser search box and related technology (which together enable users to run search queries and otherwise access search services directly from their Web browsers). The Company’s B2B applications business works closely with partners in the software, media and other industries to design and develop customized browser based search applications to be bundled and distributed with these partners' products and services.
The Company markets and distributes a number of downloadable applications, through which it provides search and additional services, including: the Ask.com iPhone, iPad and Android applications, which provide general search and natural-language question and answer services, and the Dictionary.com iOS and Android applications, which provide dictionary, reference, educational and learning services.
The Company offers subscription‑based and ad‑supported online personals services in North America, Europe, Latin America, Australia and Asia. The European operations are conducted through Meetic, which is based in France. As of December 31, 2013, it collectively provided online personals services to approximately 3.4 million subscribers. In addition, the Company owns a 20% interest in Zhenai, Inc., a provider of online dating and matchmaking services in China. The Company provides online personals services through Websites that it owns and operates. It also offers services through mobile devices with its Match, OkCupid, Tinder and other mobile applications.
HomeAdvisor is an online marketplace for matching consumers with home services professionals in the United States. HomeAdvisor connects consumers, by way of technologies, with home services professionals, all of which are pre-screened and the majority of which are customer-rated. When a consumer submits a request through the HomeAdvisor marketplace, it generally match that consumer with up to four home services professionals from its network based on the type of services desired and the consumer's location. In addition to its matching services, consumers may also access its CostGuide, which provides project cost information for more than 250 project types on a local basis, and its online library of service-related resources, which primarily includes articles about home improvement, repair and maintenance, tools to assist consumers with the research, planning and management of their projects and general advice for working with home services professionals. Felix is a pay-per-call advertising service that powers local commerce by connecting consumers to local businesses at the moment they are ready to make a purchase decision.
Vimeo is a video hosting platform for creative professionals and consumers, offering video creators the tools required to create, share, distribute and monetize their content online. Electus is an integrated multimedia entertainment studio that unites producers, creators, advertisers and distributors to produce video content for distribution across a range of platforms in the United States and various jurisdictions abroad. Electus also operates Electus Digital, which consists of websites and properties including CollegeHumor.com, Dorkly.com, WatchLOUD.com, YouTube channels WatchLOUD, Nuevon and Hungry and Big Breakfast. The Company’s Media segment also includes Daily Burn and The Daily Beast. DailyBurn is a health and fitness property that provides streaming fitness and workout videos across a variety of platforms, including iOS, Android, xBox and internet-enabled televisions. The Daily Beast formerly News_Beast, is a Websitededicated to news, commentary, culture and entertainment that curates and publishes existing and original online content from its own roster of contributors.
The Company’s other segment consists of Shoebuy and Tutor. Shoebuy is an Internet retailer of footwear and related apparel and accessories. Shoebuy generally passes purchases made by customers through its various Websites on to the relevant vendors for fulfillment and shipping. The Company competes with Google, Yahoo! and Bing.
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