News

TouchLocal Acquires Enable Media

Local search and business reviews site, TouchLocal, has acquired from ITV 100% of the share capital of Enable Media Ltd, which operates Scoot and Askalix in the UK.

Mark Livingstone, chief executive officer of TouchLocal, outlined the key benefits of the acquisition:

A combined customer base in excess of 25,000 local business advertisers on annual subscriptions and growing at 8% per month

More than 2 million UK businesses listed, 500,000 of whom have activated their profiles

Combined unique users of over 3.5m and 6m searches per month, and generating over 8m calls to SMEs per year

A field and telesales team in excess of 130 people and a really established platform for further aggressive growth

A forward combined revenue run rate in excess of $32m and EDITDA in excess of $7.5m

A significant move forward in annual renewals rates that can exceed 80%

Strengthening of distribution strategy that will enable more exclusive partners to be added this year in addition to a local search partnership with AOL.
 
Note to editors:
 
About Scoot
 Scoot is one of the UK’s leading online business directories offering users a fast and easy way to find all the information they need about 2 million businesses day or night. Scoot offers so much more than just a name and address. Many of the businesses listed include lots of additional information like facilities, opening times, payment methods, maps, directions, website links, photos, coupons and even videos. For businesses seeking to maximise the potential of the Internet, Scoot offers a full range of Internet services including online advertising, website design and website hosting. Scoot is a registered trademark of Enable Media Ltd.

About TouchLocal
 TouchLocal is the world's first local business search website that combines a powerful local search website with practical community networking capabilities. The site attracts over 3.5 million unique users per month and over 70 million annual searches. TouchLocal lets real people review, rate and recommend local businesses and services enabling consumers to make informed choices based on trusted user-generated content. Using bespoke "Circles" social networking mode, TouchLocal allows users to rank family, friends and others according to their level of influence and trust. These circles are graphically represented on-screen allowing users to quickly and easily search for trusted businesses across the UK. Established in 2004, TouchLocal is backed by Balderton Capital, the leading Venture Capital Firm.

For further information, please email Joanne Stokes or call 44(0) 1642 881088.