Mitre Media, a publisher of niche financial media assets, has acquired MunicipalBonds.com. MunicipalBonds.com is source of municipal bond market data and pricing information for individual investors and financial advisors. Mitre Media also acquired BondFunds.com as a part of the same transaction. Terms of the deal were not disclosed.
Founded in February 2012, Mitre Media has acquired flagship properties in other top finance verticals including Dividend.com and ETF Database. Mitre Media was founded by Tom Hendrickson, 29, who served as the former President of Investopedia through that site’s acquisition by Forbes.
Mitre Media founder Tom Hendrickson said, “At Investopedia, we pioneered providing basic financial information and definitions across all financial categories. With Mitre Media, our goal is to go deep within each category and operate the premier site. With MunicipalBonds.com, we saw a leader in a valuable niche with a very valuable demographic to advertisers. We are able to apply our expertise at scale to deliver the best in financial information to the investing public.”
Mitre Media plans on acquiring or launching sites in up to 20 additional financial categories through 2013. The company has raised over $8.5 million from investors including iNovia Capital, a leading venture capital firm.
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