InfoSpace

Overview

InfoSpace is a leader in mobile entertainment, private-label search and online directory. [link]

The company has two divisions:

Infospace Mobile
Infospace Search & Directory

Infospace provides the WAP portal as well as ringtones, wallpapers, games and mobile search features for many US cellular carriers. InfoSpace's branded search sites include Dogpile[link], WebCrawler[link], MetaCrawler[link] and WebFetch[link]. Switchboard[link] was acquired by InfoSpace, Inc. in June 2004.

Jim Voelker is the Chairman, President & Chief Executive Officer

History

Infospace was founded in March 1996 by Naveen Jain. The company, at the time consisting of only six employees, built an online yellow pages service, intended to be funded through adverts placed on the website.

The company went public on 15 December 1998 closing at $20 a share on the first day - $5 above the opening price. The company raised $75 million in the offering.

Jim Voelker took over from Naveen Jain as CEO in December 2002. He sold a number of Infospace's businesses to focus on five core segments. Infospace was trading at $22.41 a share at time as of July 2006.

References

[Infospace Corporate website]
[Wired News: A Fine IPO for Infospace]
[The Seattle Times: Dot-con job: How InfoSpace took its investors for a ride]

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