Search Engine, Ask.com, Completes Acquisition of Reference Group
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Oakland, California - (Cheap Web Hosting Directory) - July 17, 2008 - Search engine, Ask.com, and wholly-owned business of IAC, has completed its agreement to acquire Lexico Publishing Group LLC, owner of Dictionary.com, Thesaurus.com, and Reference.com.
The all-cash transaction was announced on May 15, 2008.
Jim Safka, CEO of Ask.com noted, ”The combination of Lexico’s strong growth and assets with Ask.com’s industry-leading search experience significantly expands our audience reach, and aligns perfectly with our customers’ needs.”
Founded in 1995, Lexico Publishing Group, LLC is a leading provider of free online reference services including Dictionary.com, Thesaurus.com and Reference.com. Lexico was recently named one of America’s 500 fastest-growing private companies by Inc. Magazine, and has been called ”the best general English-language dictionary online” by Web Guide magazine. Lexico Publishing provides Dictionary.com Word of the Day Mailing List, a daily e-mail vocabulary lesson; Thesaurus.com, the award-winning online version of Roget’s New Millennium Thesaurus of English Words and Phrases; Reference.com, an encyclopedia, almanac, and general reference guide; and CleverKeys, free software that gives instant access to definitions and synonyms from Windows and Macintosh programs. Dictionary.com, Thesaurus.com, and Reference.com combined to serve more than 28 million unique visitors as of March 2008. The Word of the Day Mailing List has more than 1 million subscribers.
Ask.com is a wholly-owned business of IAC, with a network of web sites that reach over 130 million worldwide unique monthly users, according to April 2008 comScore data. Ask.com syndicates its search technology and advertising solutions to a network of affiliate partners.
For more information about Ask.com, please visit: www.ask.com.
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