Blucora
| Type of business | Public Corporation |
|---|---|
| Traded as |
NASDAQ: BCOR S&P 600 Component |
| Founded | March 1996 (as Infospace, Inc.) |
| Headquarters | Bellevue, Washington, USA |
| Founder(s) | Punam Agrawal, Glenn Byrd, Jean-Remy Facq, Anu Jain, Naveen Jain, Sanjay Kohli, Kevin Marcus, Charles Mathieu, Chris Matty, Richard Openheimer |
| Key people | John S. Clendening (President and CEO) |
| Services | metasearch and private-label Internet search tax preparation services |
| Revenue | $228.8 million for FY2011 |
| Subsidiaries |
TaxAct HD Vest |
| Website | http://www.blucora.com/ |
Blucora (formerly Infospace, Inc.) is a provider of Internet-related services (Most commonly being search engines). InfoSpace changed its name to Blucora and NASDAQ symbol from INSP to BCOR on June 7, 2012. This event reflected the company's change as the owner of two online businesses, after its acquisition of TaxACT in January 2012, and distinguishes the parent company from its search business operating unit, which is called InfoSpace.
Blucora's InfoSpace business provides metasearch and private-label Internet search services for consumers and online search and monetization solutions to a network of more than 100 partners worldwide. InfoSpace's main metasearch site is Dogpile; its other brands are WebCrawler, and MetaCrawler.
Blucora's TaxACT subsidiary offers online tax preparation services. Founded in 1998 and made by 2nd Story Software, in the 2005 tax season, TaxACT became the first to offer free federal tax software and free e-file to all U.S. taxpayers.
The company was founded as Infospace in March 1996 by Naveen Jain after he left Microsoft. He served as CEO until 2000. The company, which started with six employees, built an online yellow pages service to be funded through advertising. A set of simple chat rooms (based on HTML and meta refresh) were also available on the site.
InfoSpace went public on December 15, 1998. The company raised $75 million in the offering.
In July 2000, InfoSpace acquired Go2Net. After the merger, Go2Net CEO Russell Horowitz became president of Infospace.
Also, in 2000, InfoSpace used a controversial accounting method to report $46 million in profits when in fact it had lost $282 million. Company executives skirted SEC trading restrictions to sell large blocks of their personal stock.
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