Touch Local Acquires Scoot
As of 24th September, local search and business reviews website, Touch Local, acquired 100% of the share capital of Enable Media, the company that owns and operates Scoot. Touch Local’s CEO, Mark Livingstone, summarised the key benefits of bringing the 2 companies together:
- A combined customer base in excess of 25,000 local business advertisers on annual subscriptions and growing at some 8% per month
- More than 2m UK businesses listed, 500,000 of whom have activated their profiles
- Over 3.5m uniques and 6m searches per month
- A field and telesales team in excess of 130 people and a really established platform for further growth
- A forward combined revenue run rate in excess of $32m and EBITDA in excess of $7.5m
- Strengthening of distribution strategy that will enable more exclusive partners to be added this year in addition to our local search partnership with AOL.
We’re really looking forward to bringing some great new products to our combined customer base!
Tags: local business, local business finder, local search, Scoot, Touch Local