Answers, which is backed by TA Associates and Summit Partners, said Wednesday that it has acquired ResellerRatings. Financial terms weren’t announced. ResellerRatings provides merchant reviews that help shoppers find online retailers.
PRESS RELEASE
ST. LOUIS, MO, August 1, 2012 – Answers, the world’s top destination for trusted Q&A content, announced today that it has acquired ResellerRatings, the web’s leading independent resource for helping shoppers find the best online retailers. Nearly two million visitors per month come to ResellerRatings to read merchant reviews before making purchase decisions, and over one thousand merchant reviews are added each day. With the addition of ResellerRatings, Answers extends its leadership as the most comprehensive online source for trusted answers on all consumer needs.
“Adding ResellerRatings to the Answers family is part of our strategy to solidify our leadership in the fast-growing Q&A space and to help consumers find answers to whatever they are searching for online,” said David Karandish, CEO of Answers. “Consumers know they can trust us for the answers to nearly all of their questions, and with ResellerRatings we can now help them make informed purchase decisions on thousands of online retailers.”
With more than 1 million consumer reviews on nearly 40,000 online stores, ResellerRatings helps shoppers identify trusted online stores and gives them confidence before making important purchase decisions. Through ResellerRatings, online retailers such as Home Depot, Barnes & Noble, Newegg, and TigerDirect actively engage in customer conversations by generating post-purchase reviews from customers, and by responding to reviews to provide top-notch customer service. ResellerRatings’ online merchant reviews are trusted for their review quality and merchant reputation management tools, and are syndicated by trusted web brands such as Google and Bing.
“Joining forces with Answers will have a tremendous impact on our ability to deliver hassle-free shopping experiences to consumers, and to help quality merchants stand out from the crowd,” said Scott Wainner, Founder & CEO of ResellerRatings. “Answers has a proven track record of providing consumers the most authoritative and trusted advice on a wide range of categories. As a top 20 web property, Answers will elevate the importance and reach of our ratings and reviews to help inform consumers before they make important purchase decisions.”
About Answers
Established in 1998, Answers is the industry’s top destination for Q&A content (source: Quantcast). One-third of all U.S. Internet users regularly visit Answers.com for information on virtually everything. The Answers platform integrates and surfaces the best content from subject matter experts, community members, social networks, and Internet databases to create the most multidimensional resource on the Web. Answers content is available everywhere: on the web, mobile or social networks. The Answers platform has over 15 billion answers, which is 10 billion more than its closest competitor. It is also home to a community of 150 million users, with an estimated 10,000 new registered users per hour. For more information about Answers, please visit www.answers.com.
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