Founders Advises Deposits Online, LLC in Sale to LendingTree, Inc.
BIRMINGHAM, Ala. (June 15, 2017) – Founders Investment Banking, LLC is pleased to announce that LendingTree, Inc. (NASDAQ: TREE) has purchased certain assets of Deposits Online, LLC, which does business under the name DepositAccounts.com, a leading consumer-facing media property in the depository industry. Founders Investment Banking acted as the exclusive financial advisor to DepositAccounts.com.
“After looking at the deposit space for years, DepositAccounts.com was the clear choice given its ability to provide consumers with the deepest and most robust deposit product data along with useful and informative editorial content,” said Doug Lebda, founder and CEO of LendingTree. “This acquisition is a natural next step for LendingTree as we continue to leverage LendingTree’s brand and industry-leading position to further diversify and expand into new financial services categories. We strongly believe that DepositAccounts.com’s rich database of deposit products, data aggregation technology, and expert editorial content will enable us to offer consumers a more comprehensive shopping experience in all major financial product categories.”
“We couldn’t be more pleased to join the LendingTree team and are excited about our future together,” said Ken Tumin, co-founder of DepositAccounts.com. “We are confident that LendingTree’s strong brand, deep bank and lender relationships, and world-class leadership team will help DepositAccounts.com reach more consumers and achieve its mission of being the undisputed industry-leading source of depository banking information and tools for consumers.”
“This is a great fit for both parties. DepositAccounts.com will be able to continue to grow its brand and leverage LendingTree’s traffic, while LendingTree will greatly benefit from the categorical expertise that DepositAccounts.com has built and established over the years. This will be a win-win, and we are excited to watch the partnership grow,” added Zane Tarence, Managing Director of Founders Investment Banking’s technology practice.
About Deposits Online, LLC.
Deposits Online, LLC, operates DepositAccounts.com, the largest and most comprehensive online publication in the United States dedicated to providing bank deposit account information for consumers. It covers all 11,500+ federally insured banks and credit unions and utilizes its patented technology to daily track and update more than 270,000 consumer deposit rates. The site features more than 12,000 editorial articles detailing creative depository strategies and highlighting current bank rates and offers. It is also home to one of the largest communities of depositors on the Web, hosting more than 120,000 comments, customer reviews, and forum threads.
About LendingTree, Inc.
LendingTree, Inc. (NASDAQ: TREE) operates the nation’s leading online loan marketplace and provides consumers with an array of online tools and information to help them find the best loans for their needs. LendingTree’s online marketplace connects consumers with multiple lenders that compete for their business, empowering consumers as they comparison-shop across a full suite of loans and credit-based offerings. Since its inception, LendingTree has facilitated more than 65 million loan requests. LendingTree provides access to its network of over 500 lenders offering home loans, home equity loans/lines of credit, reverse mortgages, personal loans, auto loans, small business loans, credit cards, student loans and more.
About Founders Investment Banking
Founders Investment Banking (Founders) is a merger, acquisition & strategic advisory firm serving middle-market companies. Founders’ focus is on oil and gas, SaaS/software, industrials, internet, digital media and industrial technology companies located nationwide, as well as companies based in the Southeast across a variety of industries. Founders’ skilled professionals, proven expertise and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. In order to provide securities-related services discussed herein, certain principals of Founders are licensed with M & A Securities Group, Inc. or Founders M&A Advisory, LLC, both members of member FINRA & SiPC. M&A Securities Group and Founders are unaffiliated entities. Founders M&A Advisory is a wholly-owned subsidiary of Founders. For more information, visit www.foundersib.com.