QuinStreet
 |
|
| Public | |
| Traded as |
NASDAQ: QNST S&P 600 Component |
| Industry | Performance marketing, media online |
| Founded | 1999 |
| Headquarters | Foster City, California, USA |
|
Key people
|
Doug Valenti, Founder & CEO |
| Revenue | $297.7 million (FY2016) |
|
Number of employees
|
600 (2010) |
| Website | quinstreet |
QuinStreet, Inc. is a publicly traded marketing company based in Foster City, California. QuinStreet uses performance-based advertising with search engine marketing strategies to promote clients over the Internet. QuinStreet was founded in 1999, and has launched or acquired dozens of websites and other media properties.
The company was investigated in 2012 by 20 U.S. states for using deceptive marketing tactics to promote for profit schools to U.S. veterans. QuinStreet, which was not found guilty, was fined $2.5 million and made several changes to its practices.
QuinStreet was formed in 1999 by Doug Valenti (chairman and CEO). Bronwyn Syiek, another founding team member, is president and COO. The company was first profitable in 2002 with revenues of $13 million; by April 2009, QuinStreet reported $300 million in annual revenues and approximately 450 employees.
In February 2015, Nielsen NetRatings named QuinStreet the eighth top advertiser, after Education Dynamics, USA & StudentsLeads, India spending $9.4 million on 1.9 billion ads viewed.
QuinStreet Inc. acquired U.S. Citizens for Fair Credit Card Terms, Inc, which operated the CardRatings.com website in August 2008 for an initial cash payment of $10.4 million.
In the beginning of August 2009, QuinStreet Inc. used some of its cash reserves to acquire the Internet.com division of WebMediaBrands Inc. for $18 million. Among the sites that QuinStreet Inc gaines with the acquisition of Internet.com are InternetNews.com, Datamation.com, ServerWatch, Webopedia.com, ServerWatch.com, EnterpriseNetworkingPlanet, SmallBusinessComputing.com, LinuxPlanet.com and Developer.com.
In September 2009, QuinStreet purchased Insure.com for $16 million. The company's other financial-services properties include MoneyRates.com, Get Rich Slowly, ConsumerismCommentary.com and HSH.com.
An initial public offering on February 11, 2010, raised $150 million, with the shares listed on Nasdaq under the symbol QNST.
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