Answers.com


Answers.com
Answers Corporation
Type Private
Founded 1999 (as GuruNet)
Founder Bob Rosenschein founded GuruNet, which later acquired the Answers.com domain name
Headquarters Jerusalem, Israel
New York City, United States
Key people Bob Rosenschein
Industry Computer-related services
Products 1-Click Answers Software
1-Click Answers Wikipedia Edition
Services Giving answers
Revenue increase US$ 20.75 million (2009)
Operating income increase $ 4.99 million (2009)
Net income increase $ 1.76 million (2009)
Owner Summit Partners
Employees 88 (As of February 2011)
Slogan The world's leading Q&A site
Website answers.com
Alexa rank 128[1]
Type of site Q&A site
Available in English, French, Italian, German, Spanish, Tagalog
Launched January 2005
Current status active

Answers.com is an Internet-based knowledge exchange, which includes WikiAnswers, ReferenceAnswers, VideoAnswers, and five international language Q&A communities. The Answers.com domain name was purchased by Bill Gross (of idealab, not of PIMCO) and Henrik Jones at idealab in 1996. The domain name was acquired by NetShepard and subsequently sold to GuruNet. The website is the primary product of the Answers Corporation (previously GuruNet), an Israel-based Internet reference and Q&A company with offices in New York City and Jerusalem, founded by Bob Rosenschein in 1999. The site supports English, French, Italian, German, Spanish, and Tagalog. WikiAnswers is a community-generated social knowledge Q&A platform, using wiki-based technologies.[2]

Contents

History

GuruNet was founded in Jerusalem, Israel in 1999 to develop technology that intelligently and automatically integrates and retrieves information from disparate sources and delivers the result in a single consolidated view to the user. GuruNet initially displayed its information through a downloadable software product, today known as 1-Click Answers. The product was launched as a free product in 1999. Beginning in 2003 it was sold to users on a perpetual license base and later as an annual subscription.[3]

On October 2004 GuruNet had an IPO on the American Stock Exchange under the symbol "GRU" and also acquired the Answers.com domain name early the same year for $80,000.[4]

On January 2005 the company moved to a new business model of a free-to-customer product, Answers.com and 1-Click Answers software, containing practically all the content that was sold via subscriptions. The new model is based on generating advertising revenue.[3]

On August 2, 2005, the company's shares started trading on NASDAQ instead of AMEX under the symbol "ANSW".[4]

On October 17, 2005, GuruNet changed its corporate name to Answers Corporation, unifying the company's name and its website, Answers.com.[4]

From 2005 to late 2009, the Google search engine definitions feature, in the top-right corner of the site, was linked to Answers.com.[citation needed]

On July 2, 2006, Answers.com released a trivia game known as blufr.[citation needed]

In the fall of 2009, Answers.com launched a revamped version of their website, which combined wiki-style contributions with expert resources.[5][6]

At Jeff Pulver's 140 Characters Conference in New York City in April 2010, Answers.com launched its alpha version of a Twitter-answering service nicknamed 'Hoopoe.' When tweeting a question to the site's official Twitter account, @AnswersDotCom, an automatic reply is given with a snippet of answer and a link to the full answer page on Answers.com.[7]

Aside from providing community-generated Q&A and reference information for published titles, Answers.com began offering videos as part of its VideoAnswers library, in July 2010. This was part of a partnership with video site 5min.[8]

In September 2010, blufr was relaunched with new design, game modes, and social features. It is available on the web and as an iPhone/iPod Touch app in the iTunes app store.

It was announced in November 2010 that the Answers.com Q&A wiki community reached its 10 millionth answer.[9]

At the start of 2011, the site surpassed 11 million answers. Shortly after, on February 3rd, Answers.com announced in a press release that it had agreed to be acquired by AFCV Holdings for $127 million in cash. AFCV Holdings, LLC, is a portfolio company of growth equity investor Summit Partners. Bob Rosenschein was quoted: "The acquisition price of $10.50 per share represents a significant cash premium of approximately 33% over our 90-day volume-weighted average closing stock price."[10] [11] [12]

Staff

  • Robert S Rosenschein, chairman of the board, president, chief executive officer
  • Mark Tebbe, board member
  • Steven Steinberg, chief financial officer, secretary
  • Bruce D Smith, chief strategic officer
  • Jeff Schneiderman, chief technical officer
  • Gil Reich, vice president, product management

Site statistics

As of December 2010, the site had the following ranking:

  • Unique monthly visitors 52.3 million in the USA and 86.8 million world wide[13]
  • Rank in top Web properties:

References

  1. ^ "Answers.com - Traffic Details". alexa.com. http://www.alexa.com/siteinfo/answers.com/. 
  2. ^ "Company Overview". Answers.com. http://www.answers.com/main/ir/about_company.jsp. 
  3. ^ a b "GuruNet Corporation 2005 Annual Report". ir.answers.com. http://ir.answers.com/secfiling.cfm?filingID=1144204-05-9612. 
  4. ^ a b c Festa, Paul (January 3, 2005). "GuruNet launches new search service". CNET News. http://news.cnet.com/GuruNet-launches-new-search-service/2100-1024_3-5510784.html. Retrieved 2010-05-13 
  5. ^ "New Answers.com Launches First Site to Combine Community with Hundreds of Editorial Resources under One Roof". businesswire.com. http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20090922005660&newsLang=en. 
  6. ^ "Heavy Answers.com censorship". blog.wired.com. http://blog.wired.com/27bstroke6/2009/02/answers.com-censorship.html. 
  7. ^ "Answers.com Starts Answering Questions On Twitter". techcrunch.com. http://techcrunch.com/2010/04/20/answers-com-twitter/. 
  8. ^ "Exclusive: Answers.com Gets 200,000 Video Answers From 5Min". techcrunch.com. http://techcrunch.com/2010/07/28/video-answers-5min/. 
  9. ^ "Answers.com Hits 10 Millionth Answer, Launches Its First iPhone App (blufr)". techcrunch.com. http://techcrunch.com/2010/11/02/answers-com-blufr/. 
  10. ^ "Answers.com Agrees to be Acquired for $127 Million in Cash: $10.50 per Share". ir.answers.com. http://ir.answers.com/releasedetail.cfm?ReleaseID=547336. 
  11. ^ "Q&A Site Answers.com Acquired By AFCV Holdings For $127 Million In Cash". techcrunch.com. http://techcrunch.com/2011/02/03/qa-site-answers-com-acquired-by-afcv-holdings-for-127-million-in-cash/. 
  12. ^ "Answers.com Acquired For $127 Million". searchengineland.com. http://searchengineland.com/answers-com-acquired-for-127-million-63460. 
  13. ^ a b c "ComScore – Hybrid Measurement Methodology". comscore.com. http://www.comscore.com/About_comScore/Methodology/Media_Metrix_360_Hybrid_Measurement. 

External links


Wikimedia Foundation. 2010.

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