Austin sales leads software firm drops $165M to buy Colorado company

Posted on: Friday, November 06, 2015

All Web Leads Inc., an Austin online insurance sales lead generator, has agreed to acquire for $165 million., Bankrate Inc.'s (NYSE: RATE) insurance division, operates a network of national and local insurance agents. Within minutes of requesting them, a consumer receives multiple insurance quotes directly from the companies competing for their business, according to a company announcement.

The deal is scheduled to be completed by the end of the year. Denver, Colorado-based, which employs 220 workers, operates offices in California, Massachusetts and Utah, a spokesman said. Bankrate is based in North Palm Beach, Florida.

As posted on Biz Journals

Posted In: All Web Leads In The News, Insurance News, Site Announcements

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