Angi Inc.: Difference between revisions

{{Infobox dot-com company

| name = ANGI Homeservices,Angi Inc.

| founder = {{ubl|William S. Oesterle, |[[Angie Hicks]]}}

| industry = Internet Content & Information <ref name= YahooProfile/>

| services = {{ubl|[[Online marketplace]], |[[Review site]]}}

| owner = [[IAC (company)|IAC]] (3%)

| company_type = [[Public]]

| traded_as = {{NASDAQ|ANGI}} ([[Class A share|Class A]])

| operating_incomenet_income = {{increase}} US$142 77.035507&nbsp;million (2018)<ref name= YahooFinanceProfile/>

| subsid = {{ubl|[[Angi]]<br>|[[HomeAdvisor]]}}

| homepage = {{URL|https://wwwir.angihomeservicesangi.com/}}

'''Angi Inc.''' (formerly '''ANGI Homeservices Inc.''') is an internet services company formed in 2017 by the merger of [[Angie's List]] and [[HomeAdvisor]].<ref name="denverpost-chuang">{{cite web|title=Golden-based HomeAdvisor completes purchase of Angie's List, goes public, grows 33 percent in a day |date=October 2, 2017|url=https://www.denverpost.com/2017/10/02/homeadvisor-angies-list-merger-growth/|access-date=28 August 2019}}</ref> The company has its earliest roots in American home services website Angie's List, founded in 1995 as an online directory that allows users to read and publish [[crowd-sourced]] reviews of local businesses and contractors.

For the [[Calendar year#Quarters|quarter]] ending on June 30, 2018, ANGI reported total revenue of US$1,132,000,000 and a net income of US$77,507,000.<ref name="YahooFinance2016">[https://finance.yahoo.com/quote/ANGI/financials?ltr=1], Yahoo Finance, August 23, 2016201]</ref> On May 1, 2017, ''[[The Wall Street Journal]]'' reported that [[IAC (company)|IAC]] planned to buy Angie's List. By September 2017 the new publicly traded company was called ANGI Homeservices Inc.<ref name=angieslist-buy>{{cite news |last=Jamerson |first=Joshua |title=IAC Plans to Buy Angie's List |url=https://www.wsj.com/articles/iac-plans-to-buy-angies-list-1493672055?tesla=y | work=[[The Wall Street Journal]] |access-date=May 3, 2017}}</ref> Shares started trading in early October, 2017.<ref>{{cite news |last1=Avery |first1=Greg |title=Colorado's HomeAdvisor and Angie's List combine into new public company |url=https://www.bizjournals.com/denver/news/2017/10/02/coloradoshomeadvisor-and-angies-list-combine-into.html |access-date=3 May 2019 |work=Denver Business Journal |date=2 October 2017}}</ref>

In March 2019, ANGIAngi moved its corporate headquarters to [[Denver]], [[Colorado]].<ref name="AnnualReport2018" />

On July 22, 2004, [[IAC (company)|IAC]] acquired ServiceMagic.<ref name="IAC-2004-7-22">{{cite web|title=IAC/InterActiveCorp Acquires ServiceMagic, Inc.|url=https://www.iac.com/media-room/press-releases/iacinteractivecorp-acquires-servicemagic-inc|date=July 22, 2004|publisher=IAC|access-date=October 28, 2015}}</ref> In October 2008, ServiceMagic acquired the French business 123Devis.com and Travaux.com, as well as UK business 123GetAQuote.co.uk to create ServiceMagic Europe. In March 2009, the UK business was rebranded as ServiceMagic.co.uk.<ref name="hardware">{{cite news|date=January 29, 2009|title=IAC's ServiceMagic Buys Market Hardware|publisher=BIA Kelsey|url=http://blog.biakelsey.com/index.php/2009/01/29/iacs-servicemagic-buys-market-hardware/}}</ref>

In October 20082012, ServiceMagic acquired the Frenchfirm businesschanged 123Devis.comits and Travaux.com, as well as UK business 123GetAQuote.co.ukname to create ServiceMagic Europe. In March 2009, the UK business was rebranded as ServiceMagic.co.uk[[HomeAdvisor]].<ref name="hardware">{{cite news|date=JanuarySeptember 2928, 20092012|title=IACGolden's ServiceMagic Buysbecomes MarketHomeAdvisor Hardwarein risky rebranding strategy|publisherwork=BIADenver KelseyPost|url=httphttps://blogwww.biakelseydenverpost.com/index.php2012/200909/0128/29/iacsgoldens-servicemagic-buysbecomes-homeadvisor-in-risky-marketrebranding-hardwarestrategy/}}</ref>

By 2015, [[HomeAdvisor]]the firm had achieved more than $300 million in annual revenue, been used by more than 30 million homeowners, had nearly 100,000 pre-screened service professionals in its network and almost 3 million verified reviews.<ref name="Moorhead">{{cite news |title=lAC's HomeAdvisor Is One To Watch In The Growing "Humans As A Service" (HaaS) Business|first=Patrick|last=Moorhead|work=Forbes|url=https://www.forbes.com/sites/patrickmoorhead/2015/07/15/lacs-homeadvisor-is-one-to-watch-in-the-growing-humans-as-a-service-haas-business-2/#779778a0681f|date=July 15, 2015}}</ref>

In 2010, Angie's List raised a total of $25&nbsp;million in capital from investors. In September 2010, Wasatch Funds and [[Battery Ventures]] invested $22&nbsp;million.<ref>{{Cite web|title=Angie's List strikes big with $22M|url=http://vator.tv/news/2010-09-21-angies-list-strikes-big-with-22m|last=Merino|first=Faith|date=September 21, 2010|work=VatorNews}}</ref> In November 2010, Saints Capital led an additional funding of $2.5&nbsp;million.<ref name="Vator">{{Cite web|title=Angie's List raises $2.5M adding to $22.5M|url=http://vator.tv/news/2010-11-11-angies-list-raises-25m-adding-to-225m|last=Merino|first=Faith|date=November 11, 2010|work=VatorNews}}</ref>

In July 2016, Angie's List was made a [[freemium]] service; the basic membership tier, which includeswith access to more than 10 million reviews, was made free, alongside subscription tiers offering additional functionality.<ref name="bloomberg-iacangi">{{cite web|title=Golden-based HomeAdvisor completes purchase of Angie's List|url=https://www.denverpost.com/2017/10/02/homeadvisor-angies-list-merger-growth/|website=Denver Post|date=October 2, 2017|access-date=2 October 2017}}</ref><ref>{{Cite web|title=Need a plumber? Angie's List reviews are now free|url=https://www.cnbc.com/2016/07/13/need-a-plumber-angies-list-reviews-are-now-free.html|last=Mercado|first=Darla|date=2016-07-13|website=CNBC|access-date=2016-07-27|df=mdy-all}}</ref>

In October 2018, ANGI Homeservices bought [[Handy (company)|Handy]] for $165.5 million.<ref name="AnnualReport2018" /> In March 2021, Angie's List changed its name to Angi, and ANGI Homeservices Inc. changed its name to Angi Inc.<ref name="cnn.com">{{Cite web |last=Monica |first=Paul R. La |date=2021-03-17 |title=Angie's List changes its name in a complete rebranding {{!}} CNN Business |url=https://www.cnn.com/2021/03/17/investing/angies-list-angi-rebranding/index.html |access-date=2022-03-26 |website=CNN |language=en}}</ref>

In 2014, Angie's List Inc. paid $2.8&nbsp;million to settle a lawsuit alleging that it automatically renewed members at a higher rate than they were led to believe.<ref>{{cite web|title=Angie's ListHomeAdvisor to pay $2.8M in membership-fee settlement|url=http://www.ibj.com/angies-list-to-pay-28m-in-membership-fee-settlement/PARAMS/article/49636|publisher=Ibl.com|access-date=October 18, 2014}}</ref>

In August 2016, Angie's ListHomeAdvisor has agreed to settle three lawsuits for a payment of $1,400,000. The class action lawsuits focused on Angie's List'sHomeAdvisor acceptance of advertising payments from service providers, and whether those payments affect service providers’ letter-grade ratings, reviews, and place in search-result rankings. Angie's ListHomeAdvisor denies plaintiffs’ claims, but disclosed that revenue from service providers can affect the order of search-result rankings of the service provider under certain settings (Moore vs. AngiesList).<ref>{{Cite web|url=https://www.moorevalsettlement.com|title=Moore v. Angie's List - Home|website=www.moorevalsettlement.com|access-date=2016-08-30}}</ref>

[[Category:Companies listed on NASDAQthe Nasdaq]]

[[Category:Companies based in IndianapolisDenver]]