Application Software M&A » By The Online Investor Staff, updated Tue., May. 24, 8:17 AM
Recent mergers and acquisitions in the Application Software M&A category.
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Slide #64. Remark Media — TaxExtension.com
Acquirer:
Remark Media (NASDAQ:MARK)
Acquiree:
TaxExtension.com
Details:
Remark Media, Inc. (NASDAQ: MARK), a global digital media company and operator of financial services focused media properties, announced today that it has acquired the assets of TaxExtension.com, the pioneering leader in the online tax extension industry since 1997. "We are very excited about adding TaxExtension.com to our personal finance vertical," said Shing Tao, Chairman and Chief Executive Officer of Remark Media, Inc. "TaxExtension.com pioneered the online tax extension industry with its launch in 1997. It has built a sizable and loyal customer base processing online tax extensions over the past 17 tax seasons, making it a perfect complement to our existing tax related portfolio that includes IRS.com and FileLater.com. By leveraging our existing proprietary tax extension platform, we anticipate adding business tax extensions to the existing suite of TaxExtension.com's services. We are excited about the impact the acquisition of this category killer domain will have for our portfolio in the upcoming 2014 tax season."
Remark Holdings is a holding company. Through its subsidiaries, Co. in engaged in the global technology business with artificial intelligence (AI) and data-analytics, as well as a portfolio of digital media properties. Through the proprietary data and AI software platform, Co.'s Remark AI business in the U.S. and the KanKan AI business operated by the variable-interest entities in the Asia-Pacific region deliver AI-based computer vision products, computing devices and software-as-a-service solutions for businesses in various industries. In addition, Co. provides online merchandise from Bikini.com, its e-commerce website selling swimwear and accessories.
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