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Red Ventures acquires HomeInsurance.com

Red Ventures has bought HomeInsurance.com

03 April 2012

Red Ventures has revealed it has purchased HomeInsurance.com in a deal that could have required merger and acquisition consultants.

This deal is part of a broader expansion strategy for Red Ventures, which has entered a number of new sectors in the last 12 months.

Chief executive officer of the enterprise Ric Elias said it "builds on our current success and will allow us to introduce our expertise into the insurance category".

He had previously been named as the Ernst & Young National Entrepreneur of the Year 2011 Services Award winner.

The size of Red Venture's workforce will be increased by more than ten per cent, while adding North Carolina-based HomeInsurance.com to its holdings will also add a forth area to its existing campuses in Florida, Texas and South Carolina.

"We are proud to be joining one of the fastest-growing and best places to work," HomeInsurance.com founder Carlos Lagamarsino declared.

Posted by Edel Quinn

Source: Red Ventures press release, April 3rd

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