Monday, March 7, 2011

Google Acquires BeatThatQuote.com for $61.4 million

BeatThatQuote Acquired by Google
From John Paleomylites, Managing Director of BeatThatQuote.com
BeatThatQuote.com today was sold to Google for GBP37.7 million. We think this deal is a tremendous opportunity for our company to develop new and innovative options for personal finance in the UK. 
Our team is excited about becoming a part of Google. We look forward to working with their engineers to create new tools making it easier for consumers to choose the right financial products. We think we can offer more transparency and better pricing information than existing online offerings. 
We are confident that by combining BeatThatQuote.com's expertise in UK financial products with Google's technology, we'll accelerate innovation in this field, benefiting consumers and the companies offering these products. We plan to keep working with our current partners and look forward to working with new ones, too.
BeatthatQuote.com is a price comparison website that was launched in 2005 and was the UK's Fastest Growing Website in 2007.