ANGI Homeservices CEO leaving company
ANGI Homeservices Inc. on Tuesday announced that it would promote Chief Product Officer Brandon Ridenour to CEO at the beginning of 2019.
ANGI Homeservices Inc. on Tuesday announced that it would promote Chief Product Officer Brandon Ridenour to CEO at the beginning of 2019.
Nearly 10 months after Angie’s List merged with Home Advisor, the financial fortunes of the combined entity are taking off faster than analysts and company officials expected.
An investment team headed by Bill Oesterle says it’s planning a “playground for the creative and innovative” on the 17.5-acre property.
Bill Oesterle and a group of investors have agreed to purchase the 17.5-acre site on the near-east side and could close on the deal in March.
ANGI Homeservices Inc. CEO Chris Terrill told IBJ he is feeling “bullish” about the company’s overall prospects and its future in Indianapolis.
Bill Oesterle has assembled a group of local heavy hitters in hopes of purchasing the 17.5-acre site east of downtown, now that ANGI Homeservices Inc. has put it up for sale.
Approximately 550 employees have either left Angie’s List voluntarily or been laid off since Jan. 31, according to public filings.
The company said the cuts will take place after its merger with HomeAdvisor and will target redundant roles. The merger could happen as soon as this month.
Angie’s List CEO Scott Durchslag said the financial performance was in line with the expectations of HomeAdvisor, which is in the process of acquiring Angie’s List for about $505 million.
Securities filings show how activist investors gained influence, how organic turnaround plans lost favor, and how IAC played hardball at the negotiating table.
The job cuts, which happened Thursday, are part of the company’s focus on “continued operational effectiveness,” a spokeswoman said.
A week after the announced acquisition of Angie's List, its shares are trading 38 percent above the offer price—signaling optimism about the forthcoming public company combining Angie's List and HomeAdvisor.
The sale of Angie’s List and Infosys’ announcement that it plans to hire 2,000 Hoosiers touched off a torrent of reactions among tech leaders and observers.
No one knows how the $505 million sale of Angie’s List Inc. to New York media and internet company IAC will affect local employment, but the buyer doesn’t seem interested in slash and burn.
They’re wondering if Angie’s List will be like ExactTarget, whose acquisition spawned job growth, or if jobs will erode over time. They’re also concerned about losing yet another mature, locally based tech firm with a major corporate presence.
IAC, the parent of HomeAdvisor, said it will combine its consumer-review firm and Angie's List into a new publicly traded company called ANGI Homeservices Inc. IAC said the new firm, which will be based in Golden, Colorado, will be the "clear industry leader" in the home services marketplace.
The Indiana Court of Appeals ruling says two former employees who left for HomeAdvisor took confidential information from Angie’s List and failed to return it.
The fierce rival to Angie's List has hired more than 70 workers since opening its Indianapolis office early this year. It will expand that office—at 1 Virginia Ave.—and open a second one at 342 Massachusetts Ave.
On a recent visit to Indianapolis, HomeAdvisor CEO Chris Terrill spoke with IBJ about the company’s fast-growing local office, its nearby competitor Angie’s List, and the future of the home-services industry.
Indianapolis-based Angie's List had sought an injunction, arguing the trio misappropriated trade secrets and/or solicited former co-workers to join them.