Application Software M&A » By The Online Investor Staff, updated Thu., Mar. 28, 9:31 PM Recent mergers and acquisitions in the Application Software M&A category.
This Slide: #64 of 100 |
Slide #64. Remark Media — TaxExtension.com
Acquirer:
Remark Media (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. The primary focus of Co.'s business is promoting and facilitating the safety of its customers and their customers through its Smart Safety Platform (SSP). Co. customizes and sells its AI-based computer vision products and solutions, including the SSP, to customers in the retail, construction, public safety, workplace safety and public sector markets. Co. has also developed versions of its solutions for application in the transportation and energy markets.
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