Beyond Commerce has signed a Letter of Intent to acquire WebYES!. The Board of Directors of both companies has approved the acquisition and the transaction is anticipated to close within the next 30 business days.
WebYES! owns and operates a network of high-traffic web properties focused on finance, insurance, automotive products and services. The web properties contain advice for consumers and offer a variety of specialized products and services to suit their needs.
In 2009 WebYES! had $19.5 million in revenues and $3.5 million of EBITDA. Currently, WebYES! is exceeding last year’s revenues in a year-to-date comparison. In the first quarter of 2010, WebYES! had over 2,000,000 unique visitors to web sites such as www.zipinsurancerates.com, www.fastcashmatch.net, www.debtmatch.net, www.findyourcustomers.com, and www.aplusautoprotection.com , and has generated over 400,000 targeted customers.
“We are very excited about becoming an integral part of Beyond Commerce,” states Brett Cravatt, CEO and Founder of WebYES!. “In order to further improve our lead quality and results for our advertisers, we will leverage the proprietary customer acquisition platform that Beyond Commerce has acquired through its recent purchase of AdJuice.”
Location: USA, Henderson, NV