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Angie's List acquires home maintenance site BrightNest

Aug. 05, 2013 7:47 PM ETAngi Inc. (ANGI) StockANGIBy: Eric Jhonsa, SA News Editor
  • BrightNest offers a variety of articles providing home improvement tips. The site has 2M registered users.
  • Angie's List (NASDAQ:ANGI) declares BrightNest provides "a user-friendly front end and personalized member experience" for its local services marketplace.
  • The company also says it's rolling out its new communications and scheduling tools nationwide, in an effort to have more of the transactions enabled by its site to be processed and managed by it.
  • Angie's is paying $2.65M in cash for BrightNest, and issuing $3.65M worth of options. (PR)

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