BELLEVUE, Washington--(BUSINESS WIRE)--Intelius Holdings, Inc. (“Holdings”), a portfolio company of H.I.G. Capital, announced today that it has completed a strategic investment in Classmates, Inc. (“Classmates”). Classmates operates the leading online high school reconnection social network in the United States. The Classmates acquisition becomes Holding’s second company following the investment in Intelius, Inc. (“Intelius”) in July. Intelius is a leading provider of people search and related products to consumers online.
While the two companies will operate as separate divisions of the Holdings company, there are meaningful revenue synergies that both Intelius and Classmates will benefit from going forward.
The transaction brings together two long-standing businesses in the online people search space. The partnership of Classmates’ one-of-a-kind social network with Intelius’ proprietary people search technology platform will provide users of both services the ability to connect unlike anywhere else on the web.
Abani Heller, CEO of Classmates says, “we look forward to working together with Intelius to continue to provide extraordinary value to both companies’ members and customers.”
“We are excited about the partnership with Classmates,” says Intelius CEO Prakash Kondepudi. “The strategic alliance between these two companies offers a compelling platform for future growth and will enhance the service offering and experience of our customers.”
About Classmates
Founded in 1995 and headquartered in Seattle, Washington, Classmates operates the leading online social network service in the United States for bringing high school alumni together. Classmates serves over 70 million members and enables its users to find and reconnect with high school friends. In addition to facilitating connections with high school friends, Classmates also features the largest library of digitized yearbooks available anywhere on the Internet, with over 300,000 yearbooks available online to help members reconnect, reminisce, engage, and plan reunions with their classmates.
About Intelius
Founded in 2003 and headquartered in Bellevue, Washington, Intelius provides information about people, their histories, and their connections to people, places, and organizations. Services offered include people search (e.g., finding contact information, residence history, employment, education, and other background information on people of interest), reverse people lookup (by phone number, e-mail, and social network), background checks, and identity theft protection services. Customers can access information through one-time purchases or ongoing subscriptions. Intelius has a robust and proprietary technology platform that gathers over 20 billion public records from a large network of publicly and commercially-available sources and assigns such records to more than 250 million unique profiles in the United States.
