Answers.com, formerly known as WikiAnswers, is an Internet-based knowledge exchange. The Answers.com domain name was purchased by entrepreneurs Bill Gross and Henrik Jones at idealab in 1996.[1][2] The domain name was acquired by NetShepard and subsequently sold to GuruNet and then AFCV Holdings. The website is now the primary product of the Answers Corporation. It has tens of millions of user-generated questions and answers, and provides a website where registered users can interact with one another.
GuruNet was founded in Jerusalem during 1999 to develop technology that intelligently and automatically integrates and retrieves information from disparate sources and delivers the result in a single consolidated view to the user. GuruNet initially displayed its information through a downloadable software product, today known as 1-Click Answers. The product was launched as a free product in 1999. Beginning in 2003 it was sold to users on a perpetual license base and later as an annual subscription.[3]
In October 2004, GuruNet had an IPO on the American Stock Exchange (AMEX) under the symbol "GRU" and also acquired the Answers.com domain name early the same year for $80,000.[4]
In January 2005, the company began a new business model of free-to-customer product. Answers.com and 1-Click Answers software, containing practically all the content that was sold via subscriptions. The new model was based on generating advertising revenue.[3]
On August 2, 2005, the company's shares started trading on NASDAQ instead of AMEX under the symbol "ANSW".[4]
On October 17, 2005, GuruNet changed its corporate name to Answers Corporation, unifying the company's name and its website, Answers.com.[4]
From 2005 to late 2009, the Google search engine definitions feature, in the top-right corner of the site, was linked to Answers.com.[5]
On July 2, 2006, Answers.com released a trivia game known as blufr.[citation needed]
In November 2006, Answers.com acquired the question and answer site FAQ Farm.[6] Following the acquisition, the product was renamed WikiAnswers.[7]
In the fall of 2009, Answers.com launched a revamped version of their website that fully integrated WikiAnswers.[8]
At Jeff Pulver's 140 Characters Conference in New York City in April 2010, Answers.com launched its alpha version of a Twitter-answering service nicknamed 'Hoopoe.' When tweeting a question to the site's official Twitter account, @AnswersDotCom, an automatic reply is given with a snippet of the answer and a link to the full answer page on Answers.com.[9]
Aside from providing community-generated Q&A and reference information for published titles, Answers.com began offering videos as part of its VideoAnswers library, in July 2010. This was part of a partnership with video site 5min.[10]
In September 2010, blufr was relaunched as an iPhone/iPod Touch app with new design, game modes, and social features.[11]
It was announced in November 2010 that the Answers.com Q&A wiki community reached its 10 millionth answer.[12]
At the start of 2011, the site surpassed 11 million answers. Shortly after, on February 3, Answers.com announced in a press release that it had agreed to be acquired by AFCV Holdings for $127 million in cash. AFCV Holdings, LLC, is a portfolio company of growth equity investor Summit Partners. Bob Rosenschein was quoted: "The acquisition price of $10.50 per share represents a significant cash premium of approximately 33% over our 90-day volume-weighted average closing stock price."[13][14][15]
On April 23, 2012, TA Associates announced that it was joining as an additional private investor in Answers.com and on May 1, 2012, laid off the remaining development staff in the Jerusalem office as a first step in fully assimilating the company.[16]
On August 8, 2012, reports surfaced that Answers.com had reached a preliminary agreement to acquire About.com from The New York Times Company for $270 million of debt and equity.[17] However, it was thwarted by IAC, who countered with a $300 million "clean cash" offer.[18]
On December 23, 2013, Answers.com acquired ForeSee Results, Inc., a customer experience & customer survey analytics company based in Ann Arbor, Michigan, USA.[19] Answers.com proceeded to lay off between 50 and 75 employees one month after the acquisition, followed by another 100 layoffs 18 months later.[20]
In August 2014, Apax Partners acquired Answers Corp. for $900 million. The terms of the deal were that Apax would own 91% of the company while Answers’ founders and management team will own the remaining 9% stake.[21]
In March 2017, Answers.com parent company, Answers Corp, filed for Chapter 11 bankruptcy.[22]
As of May 3, 2018, Answers.com abandoned their wiki format, according to Chris Hawkins, Vice President, Business Operations. The entire user database was purged, and users can no longer edit questions or answers on the site; however, the site's content will remain available to read.[23]
In October 2019, Answers.com re-launched user-generated content enabling new user registrations, questions, multiple answers, reactions, and comments.
In September 2020, Answers.com launched native iOS and Android apps focused on Homework Help Q&A.
In May 2022, Answers.com was purchased by System1.[24]
Related Research Articles
Dotdash Meredith is an American digital media company based in New York City. The company publishes online articles and videos about various subjects across categories including health, home, food, finance, tech, beauty, lifestyle, travel, and education. It operates brands including Verywell, Investopedia, People, The Balance, Byrdie, MyDomaine, Brides, The Spruce, Simply Recipes, Serious Eats, Liquor.com, Lifewire, TripSavvy, TreeHugger, and ThoughtCo. In August 2012, About.com became a property of IAC, owner of Ask.com and numerous other online brands, and its revenue is generated by advertising. In addition to its Manhattan headquarters, Dotdash Meredith maintains offices elsewhere in the New York metropolitan area, as well as in Des Moines, Iowa, and Birmingham, Alabama.
HowStuffWorks is an American commercial infotainment website founded by professor and author Marshall Brain, to provide its target audience an insight into the way many things work. The site uses various media to explain complex concepts, terminology, and mechanisms—including photographs, diagrams, videos, animations, and articles.
Akamai Technologies, Inc. is an American delivery company that provides content delivery network (CDN), cybersecurity, DDoS mitigation, and cloud services. Headquartered in Cambridge, Massachusetts, it operates a worldwide network of servers whose capacity it rents to customers running websites and other web services.
Boo.com was a short-lived British eCommerce business, founded in 1998 by Swedes Ernst Malmsten, Kajsa Leander and Patrik Hedelin, who were regarded as sophisticated Internet entrepreneurs in Europe by the investors because they had created an online bookstore named Bokus.com, the third largest book e-retailer, before founding boo.com.
Intuit Inc. is an American multinational business software company that specializes in financial software. The company is headquartered in Mountain View, California, and the CEO is Sasan Goodarzi. Intuit's products include the tax preparation application TurboTax, the small business accounting program QuickBooks, the credit monitoring and personal accounting service Credit Karma, and email marketing platform Mailchimp. As of 2019, more than 95% of its revenues and earnings come from its activities within the United States.
Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides customer relationship management (CRM) software and applications focused on sales, customer service, marketing automation, e-commerce, analytics, and application development.
Trader Corporation is a Canadian technology company based in Toronto specializing in classified automotive advertising. The company's flagship product is AutoTrader, an online marketplace for buying and selling new and used vehicles. The company is owned by private equity firm Thoma Bravo. The company was originally a part of Trader Classified Media, which was founded in 1987 by John MacBain. Trader Corporation’s current CEO and President is Sebastian Baldwin.
Glitch, Inc. is a software company specializing in project management tools. Its products included project management and content management, and code review tools. Fastly acquired the company in 2022.
Epicor Software Corporation is a business software company based in Austin, Texas founded in 1972. Its products are aimed at the manufacturing, distribution, retail and services industries.
Rakuten.com/shop was an e-commerce marketplace based in San Mateo, California. Previously known as Buy.com, it was founded in 1997 by Scott Blum. In 2010, it was purchased by Japanese company Rakuten, and rebranded as Rakuten.com. This business was shut down by Rakuten in 2020.
Wix.com Ltd. is an Israeli software company, publicly listed in the US, that provides cloud-based web development services. It offers tools for creating HTML5 websites and mobile sites using online drag-and-drop editing. Along with its headquarters and other offices in Israel, Wix also has offices in Brazil, Canada, Germany, India, Ireland, Japan, Lithuania, Poland, the Netherlands, the United States, Ukraine, and Singapore.
Aardvark was a social search service that connected users live with friends or friends-of-friends who were able to answer their questions, also known as a knowledge market. Users submitted questions via the Aardvark website, email or instant messenger and Aardvark identified and facilitated a live chat or email conversation with one or more topic experts in the 'askers' extended social network. Aardvark was used for asking subjective questions for which human judgment or recommendation was desired. It was also used extensively for technical support questions. Users could also review question and answer history and other settings on the Aardvark website. Google acquired Aardvark for $50 million on February 11, 2010. In September 2011, Google announced it would discontinue a number of its products, including Aardvark.
Walmart Labs became part of Walmart Global Tech, the technology and business services organization within Walmart. Venky Harinarayan and Anand Rajaraman founded Kosmix in 2005. In April 2011, Walmart acquired Kosmix and formed @WalmartLabs, a research division, out of it. In 2016, Walmart combined Walmart Labs and its information systems division (ISD) into one team called Walmart Technology. In August 2020, Walmart Technology launched its new identity as Walmart Global Tech as part of a new technology and shared services organization within the world's largest retailer.
Constant Contact, Inc. is an online marketing company, headquartered in Waltham, Massachusetts, with additional offices in Loveland, Colorado; and New York, New York.
Behance, stylized as Bēhance, is a social media platform owned by Adobe whose main focus is to showcase and discover creative work.
Atlassian Corporation is an Australian-American software company that develops products for software developers, and project managers among other groups. The company is domiciled in Delaware, with global headquarters in Sydney, Australia, and US headquarters in San Francisco.
RetailMeNot, Inc. is an American multinational company headquartered in Austin, Texas, that maintains a collection of coupon web sites. The company was founded by Cotter Cunningham. The company owns RetailMeNot.com and VoucherCodes.co.uk and acquires coupon sites and third-party software.
Squarespace, Inc. is an American website building and hosting company based in New York City. It provides software as a service for website building and hosting, and allows users to use pre-built website templates and drag-and-drop elements to create and modify webpages.
Trip.com is a multinational travel service conglomerate with 45,000 employees. It is one of the world's largest online travel agencies with over 400 million users worldwide, and also the parent of Skyscanner. It is headquartered in Singapore.
Eclipse ERP is a real-time transaction processing accounting software used for order fulfillment, inventory control, accounting, purchasing, and sales. It was created for wholesale distributors in the Electrical, HVAC, Plumbing, and PVF industries, but is used by a wide range of market sectors. At one point this software was called Intuit Eclipse DMS, and Activant Eclipse, and Eclipse Distribution Management System.
This page is based on this Wikipedia article Text is available under the CC BY-SA 4.0 license; additional terms may apply. Images, videos and audio are available under their respective licenses.
