New Management and Company Restructuring Blucora

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in december 2002, jim voelker took on naveen jain s role chairman, ceo , president of infospace. voelker shut down or sold many of infospace s 12 businesses, , focused on 5 core segments. in 2003, infospace acquired moviso vivendi universal net usa. moviso provides ringtones, wallpapers , video games, accessed through mobile handset enabling wireless carriers charge fee these downloads. in march 2003, infospace sued jain allegedly violating noncompete agreements in role @ newly founded intelius. in interview after suit filed, jain said lawsuit without merit , retaliation jain s whistle-blowing. in april 2003, resigned infospace board.


in 2004, infospace acquired switchboard, owned verizon spin-off idearc media, , overshadowed idearc s superpages. moved mobile games space, acquiring atlas mobile, iomo , elkware. infospace reported $249 million in revenue in 2004 — 89 percent previous year , more jain ever achieved in company s dot-com heyday. september 2006, infospace released news carrier partner working directly major recording labels negatively impacting core business. following carrier/label arrangement, infospace sold moviso mobile content business funmobility, atlas mobile studio twistbox , iomo re-emerged finblade. remaining portions of infospace mobile acquired motricity in december 2007. between may 2007 , january 2008, company paid shareholders $500 million in special dividends, or $15.30/share. infospace.com began redirecting superpages in 2009. superpages had acquired infospace s directory services in 2007.in 2008, industry analysts believed infospace gradually dismantling itself.


in february 2009, jim voelker retired ceo , president yet remained on company s board chairman. february 2009 november 2010, lansing served president , ceo of infospace. under lansing s leadership, infospace started online auction website called haggle.com. year later, shut down website , sold assets bigdeal.com.


william j. ruckelshaus appointed ceo in november 2010 after serving board member since may 2007. in january 2012, company acquired taxact, , differentiate name new purchase, , of infospace search unit, rebranded name blucora, , nasdaq ticker symbol changed bcor on june 7, 2012.








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