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.
Shares in Angie’s List Inc. tumbled in morning trading Wednesday, then bounced back, after the Indianapolis-based company reported an unanticipated loss in the first quarter.
The former employees filed two lawsuits Tuesday alleging Indianapolis-based Angie’s List systematically withheld payment for overtime hours they worked during various periods from 2010 to this year.
Indianapolis-based Angie's List had sought an injunction, arguing the trio misappropriated trade secrets and/or solicited former co-workers to join them.
CEO Scott Durchslag told analysts he will reinvigorate growth by dropping the paywall, which he said will open the floodgates to a deluge of new customers.
Angie’s List Inc. announced plans Thursday morning to overhaul its membership model by offering a tiered subscription plan that includes free access to its ratings and reviews.
TCS Capital founder Eric Semler and two other outsiders are joining the board under a settlement announced Tuesday morning. The pact bars TCS from increasing its ownership stake beyond 12.75 percent. It currently owns 10.7 percent.
Angie’s List made history Tuesday by notching its first profitable year, but the company’s shares tumbled more than 10 percent after it reported underwhelming revenue growth.
The 21-year-old Indianapolis-based home-services reviews and marketplace firm announced a 2015 profit of $10.2 million, up from a loss of $12 million in 2014.
Angie’s List Inc. and rival HomeAdvisor both connect consumers and service providers, but their business models are very different. That adds a complicating wrinkle as speculation intensifies that HomeAdvisor’s parent will take another run at acquiring Angie’s List.
New York-based Internet giant IAC/InterActiveCorp is gearing up for another run at acquiring Angie’s List Inc., The New York Post reported Tuesday.
The Colorado-based Angie’s List rival, which previously announced Indianapolis expansion plans, has secured 7,000 square feet on Virginia Avenue near Bankers Life Fieldhouse.
Angie’s List Inc. is rejiggering its marketing strategy, a move that includes hiring a new branding agency to help get the home-services giant growing rapidly again.
The Colorado-based firm, which connects homeowners to service providers, expects to open a downtown Indianapolis office in February.
Major shareholder TCS Capital Management on Monday disclosed that it has rejected a board seat offered by Angie’s List and is still pushing the company toward a merger with rival firm HomeAdvisor.
After seeing its offers to buy Angie’s List turned down in private and in public, New York-based IAC/InterActiveCorp has the next move in what is shaping up as a chess match between the two firms.
The Indianapolis company said in a press release that "it is premature to conclude that a strategic transaction is in the best interests of Angie's List shareholders."
Internet behemoth IAC appears bent on hashing out an acquisition and likely would stage a hostile takeover if Angie’s List resists, market analysts say.
IAC/InterActiveCorp went public with its offer after Angie's List's board spurned private overtures. The company said it wants to combine Angie's List with its HomeAdvisor unit to create a home services powerhouse.
Even after the company shelved a $40 million expansion plan this spring, former CEO Bill Oesterle said he planned to continue pursuing a way to consolidate office space and add workers. New CEO Scott Durchslag said that’s not an urgent issue.
