Homestead Technologies

Last updated
Homestead Technologies Inc.
Company typeSubsidiary
IndustryWeb services
FoundedOctober 1997;28 years ago (1997-10)
Menlo Park, California, U.S.
FoundersJustin S. Kitch
Thai Bui
David Wu
Headquarters Palo Alto, CA, U.S.
Key people
Justin S. Kitch (Chairman and CEO)
Services Web hosting service
E-commerce services
Online advertising
RevenueUS$6.67 million [1]
Number of employees
116 (2015)
Parent Intuit Inc. (2007-2012)
EIG (2012-present)
Website www.homestead.com

Homestead Technologies Inc. is a web hosting company based in Burlington, Massachusetts.

Contents

Scope

Homestead offers its members WYSIWIG tools to build and publish their own websites. [2]

Since its founding as a free service provider, Homestead has expanded the scope of its services to include online marketing, paid search ads, SEO tools, and e-commerce services. [2] [3]

Homestead is geared mostly towards small business owners, non-profit administrators, retailers, and hobbyists, unlike competitors such as Angelfire and Yahoo! GeoCities, who target more casual users.[ citation needed ]

History

In October 1997, Justin S. Kitch and Thai Bui founded Homestead, in Menlo Park, California. The company quickly became popular due to its accessibility and ease of use. Its proprietary drag-and-drop SiteBuilder [4] platform enabled users with no prior knowledge of coding or web programming to create fully functioning websites for personal, educational, or business use. [5]

In June 1998, the company launched Homestead.com, which enabled Internet users to build a website, with a focus on small businesses, e-commerce, and their related services, such as consulting, listings, and online business directories.[ citation needed ]

By October 1999 member registrations reached two million.[ citation needed ]

In October 2003, Homestead Technologies launched PhotoSite, a photo sharing and web hosting service tailored to amateur digital photography. [6]

In March 2005, PhotoSite was sold to United Online. [7]

In December 2007, Homestead was acquired by financial and tax preparation software giant Intuit for US$170 million to bolster its web hosting offerings. [8]

On August 16, 2012, Intuit announced that Homestead would be purchased by web hosting company Endurance International Group of Burlington, Massachusetts. [9]

See also

References

  1. "Company profile". Hoover's. Archived from the original on 2013-02-27.
  2. 1 2 "Homestead Technologies Inc.: Private Company Information". Bloomberg.
  3. Steiner, Ina (2007-02-04). "Homestead Sites for eBay Sellers". Auction Bytes. Retrieved 2007-04-25.
  4. Marx, Andy (1999-09-15). "Take My Content... Please!". Internet World: 53–54. Archived from the original on 1999-10-12. And Homestead makes it easy for all parties involved: Companies provide content tools they have already developed--such as search boxes and news and stock tickers--to Homestead; Homestead lets users pick any tools they like and drag and drop them onto their personal pages. Homestead, which uses a proprietary technology to track all of this, then receives a fee each time someone clicks through one of the branded buttons, according to Dana Rositano, director of consumer marketing for Homestead Technologies, the parent of Homestead.com.
  5. Babcock, Charles (1999-04-21). "Homestead Offers Free Publishing System". Interactive Week Online. Archived from the original on 1999-05-08.
  6. Hu, Jim (2003-10-21). "Homestead adds photo service". CNET.
  7. "United Online Acquires Online Digital Photo Sharing Business from Homestead Technologies" (Press release). Homestead Technologies. 2005-03-28. Archived from the original on 2008-02-09. Retrieved 2007-04-25.
  8. "Intuit Completes Homestead Acquisition". Silicontap. 2007-12-19. Retrieved 2012-01-27.
  9. "Intuit Selling its Web Hosting Business to Endurance International Group" (Press release). TheWhir. 2012-08-16. Retrieved 2012-08-16.

Bibliography