Founders Investment Banking, LLC is pleased to announce that CreditorWeb.com has been acquired by Internet Brands, Inc. (Nasdaq: INET), a leading Internet media company that owns and operates e-commerce and community-based websites across a variety of industries. Formerly headquartered in Broken Arrow, Oklahoma, CreditorWeb.com is a leading credit card comparison site that allows consumers to easily find and review the best credit card offers. The site features original articles, tools to understand the cost of credit card debt, and a proprietary credit card search engine that compares card offers based on a variety of criteria.
Founders Investment Banking acted as the exclusive financial advisor to Creditor Web’s shareholders in this transaction. “Founders was a pleasure to work with throughout this process,” said Creditor Web’s co-founder Jeremy Zongker, who is also the Company’s President. “They directed the process from start to finish, and their relationships within the web publishing industry proved instrumental in generating multiple compelling offers for our business. We are very excited about joining the Internet Brands platform of companies and are already realizing substantial synergies from their resources, relationships, and expertise.”
Zane Tarence, Managing Director of Founders Investment Banking’s technology practice, remarked, & “I am very pleased with the partnership between Creditor Web and Internet Brands that has been created through this process. I commend Jeremy and his team for building a leading property in a very competitive and lucrative web publishing niche. I also believe that the timing was right to bring in a partner that could provide the platform to take this site to the next level, and Internet Brands is an unquestioned leader in this regard. I look forward to watching Creditor Web continue to flourish under the ownership of Internet Brands in the coming months and years.”