Wednesday, August 6, 2008

Internet Brands Buys Twelve Web Sites, Expands Into Shopping, Careers

El Segundo-based Internet Brands announced Wednesday that it has expanded into two new verticals, shopping and careers, with the buy of twelve new web site properties. According to the firm, the expansion into the shopping area covers coupons, deals, and consumer electronics, and includes the acquisition of Bargainist.com, Boddit.com, DealLocker.com, and UltimateCoupons.com. The carrers vertical includes the purchase of AirlinePilotCentral.com, AviationEmployment.com, ClassADrivers.com, HospitalJobsOnline.com, iFreelance.com, ModelMayhem.com, NursingJobs.org, PPRuNe.org, RealPolice.net, and WAHM.com. Financial terms of the acquisitions were not disclosed. Internet Brands has been making numerous acquisitions of small web sites in a number of verticals. The firm said it now has more than 200 websites under management.