Company: IAC/InterActive Corp, New York, NY
Company Description: IAC is a leading internet company with more than 50 fast-growing, highly-related brands serving loyal consumer audiences. With more than 269.3 million unique visitors across more than 30 countries, IAC's network of sites would rank as the 9th largest in the world.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Company of the Year - Internet/New Media
Nomination Title: IAC/InterActive Corporation
Tell the story about what this nominated organization achieved since January 1 2011 (up to 500 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Be sure to mention obstacles overcome, innovations or discoveries made, and outcomes:
IAC is an interactive media and advertising company operating at scale in the search, local, and personal spaces. IAC’s network of sites has over 954 billion total monthly visits and 4.95 billion page views per month. With over 307 million unique monthly users, IAC would rank as the 7th largest site network in the world. IAC is on a steady uptrend since the market bottomed in March 2009.
“Our 2011 results are primarily driven by the performance at the Match and the Search businesses. I feel really good about the outlook for each of them. I think our focus on execution and on near term management has been very solid as reflected in our results” said CEO Blatt
o IAC 's search revenue, which accounts for more than half of overall revenue, rose 35 percent to $319.5 million.
o Revenue from dating sites like Match.com and OKCupid climbed 46 percent to $157.7 million.
Key Events in 2011
o February IAC's The Daily Beast completes deal with Newsweek, forming The Newsweek/Daily Beast company LLC.
o February IAC's Match.com acquires OKCupid
o March IAC launches Hatch Labs
o May CityGrid Media acquires BuzzLabs
o August Match.com completes Tender Offer for Meetic S.A. (announced 5/11)
o September IAC's Match.com invests in leading Chinese Matchmaking site Zehnai
o October CollegeHumor Media launches Jest.com
o October Shoebuy.com acquires CozyBoots.com
o November IAC launches Crowded Room
o December DailyBurn announces a new personalized fitness platform that delivers daily custom-designed video workouts using DailyBurn's IntelliBurn technology
Meetic, a European Match-type site, is a turnaround project for us . They have lots of subscribers but revenues are in decline. We’ve diagnosed the underlying problems, we believe and we’ve constructed a game plan to tackle them and now are in execution mode.
“The amount of attention and aggression and smart that has been brought to the company over this last year has been great. And we all feel that our ability to be consistent over now is eight quarters in terms of growth, is, I think, attributable to a group of extremely talented managers”. said CEO Blatt.
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Provide a brief (up to 100 words) biography about the leader of this nominated organization:
Greg Blatt, CEO
Appointed to the position in December 2010, Mr. Blatt is responsible for the strategic leadership of IAC and its operating businesses. Prior to this, Mr. Blatt served as the CEO of IAC’s Match segment, where he was responsible for overseeing Match.com, Chemistry.com, People Media, Singlesnet as well as Match’s international investments. From 2003 until early 2009, Mr. Blatt served as Executive Vice President and General Counsel of IAC and a member of the Office of the Chairman. In this capacity, he was responsible for the legal, human resources and communications functions of IAC.