Stocks and shares website ADVFN is pleased to announce the acquisition of InvestorsHub.com Inc and SI Holdings, LLC.
InvestorsHub.com Inc and SI Holdings, LLC operate two online investment community websites in the North American market. These financial websites are very similar to ADVFN in both content and context and are highly complementary to ADVFN’s current business model. Just like ADVFN, InvestorsHub.com and SI Holdings, LLC (Silicon Investor) host large investor communities, providing a robust environment for stock information and investor discussion.
"I am delighted to announce the acquisition of InvestorsHub.com and Silicon Investor. This purchase adds traffic equivalent to the ADVFN website's, already high, current output in one transaction thereby giving our marketing and sales infrastructure exciting scope for growth," said Clem Chambers, CEO of ADVFN.
He continued: "As well as large valuable audiences, InvestorsHub.com and Silicon Investor are two sizeable communities who may benefit from ADVFN's premium subscription packages. InvestorsHub.com and Silicon Investor give us a platform for revenue and growth in the US and Canada."
Bob Zumbrunnen, President and Chief Executive Officer of InvestorsHub.com, said: "We have had many suitors, but believe ADVFN is the perfect parent company for us. With ADVFN's resources and incomparable financial tools, InvestorsHub.com and Silicon Investor will soon be part of a great network of financial sites."
Michael Hodges, Chairman of ADVFN, added: "This acquisition delivers what we set out to achieve in the US, bringing us a large audience. With a strong proven team in the US and excellent scope to leverage our skills with premium data we are very optimistic about the coming months."