Thursday, August 1, 2013
Monoprice Acquired By Blucora In $180M Deal
Rancho Cucamonga-based Monoprice, an online retailer selling home theater components, speakers, and related consumer electronics products, has been acquired for $180M in cash by Internet company Bluecora. According to Blucora, Monoprice was founded in 2002, and sells its own, name-brand items on its website. Monoprice had revenues of $131.1M for the twelve months ending June 30, 2013. Monoprice is headed by Ajay Kumar. Blucora said it will continue its operations in Rancho Cucamonga. Rancho Cucamonga is in Southern California's Inland Empire, directly east of Los Angeles. Blucora is based in the Seattle area, and owns Infospace and TaxACT.