Intelius Acquires Spock
Intelius, the information commerce company, acquired the internet people search engine Spock.com, according to VentureBeat’s Matt Marshall and TechFlash’s John Cook in their separate news articles on April 30, 2009. The deal combines the people indexing services of both companies and increases the workforce of Intelius to 225 employees. The move is a brilliant one since the two-company tandem creates a perfect synergy — Spock.com offers basic information on person search and requires extra payment for more details and then refers the user to Intelius’ products for background and credit checks.
Spock co-founder and Chief Executive Officer Jaideep Singh explained that while their site enjoys 10 million web visitors per month, advertising cannot cope up with its operational costs. According to Intellius Executive Vice-President Edward Petersen, Intelius was interested to buy Spock for its expertise in managing unstructured data from blogs and social networking sites. With the acquisition Singh also believes that Intelius will attain $1 billion in revenue in a 3-year span.
About Intelius
Intelius was co-founded in 2003 by Naveen Jain (a former Microsoft senior executive) along with Edward Petersen, John Arnold, Kevin Marcus, Niraj Shah and Chandan Chauha.It is based in Bellevue, Washington and specializes in information, verification, protection, and business services. Intellius launched in 2005 one of the world’s first real-time identity theft protection and notification services. Among its innovative products is its proprietary Intelius Screening Solutions. It earned awards from HRO Today and Workforce Management magazines for its employment background checks services.
About Spock
In 2006, Jaideep Singh, a venture capitalist and computer engineer and Jay Bhatti, a marketing expert and systems engineer, founded Spock.com. The company was originally funded by venture capital investment firms Clearstone Venture Partners and Opus Capital. On its website Spock has indexed over 250 million people representing over 1.5 billion data records from public Internet sources, partner information, and user inputs.
The Silicon Valley, California-based company has under its employ 23 employees.
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Clear there is a lot more than to having enough money with affiliate programs but any aspiring affiliate marketer who disregards the previous points does so at his peril.
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The employee, late Mr. Marcus Snow was working in the packing department on 1st February 2006 when the accident took place. The semi-automatic machine that he was operating to transfer cartons of dog food to a conveyor stopped functioning. He suspected a possible jam in the machine and went in through the entrance to check when the pneumatic unit pinned him down. The massive pressure exerted on his chest caused asphyxiation resulting in the eventual death.
HSE and Surrey Police came in to investigate and found that a number of safety standards were being violated in the factory. Some were so serious that they were directly responsible for the death of the unfortunate employee. This case highlights the need for appropriate health and safety training to be in place for staff and managers, find out more about enrolling your staff onto accredited iosh courses.
HSE Inspector Janet Hanson pointed out that the photoelectric curtains at the entrances to the machine had been turned off giving whole body access to the interiors of the machine. In addition, the door to the machine enclosure, which was supposed to have an interlock was also tampered, leaving the machine open and easily accessible even when running. The investigations led to the exposure of many more safety deficiencies that met with precautionary and prohibition notices from the authorities.
Ms Hanson added that the life that is lost to sheer negligence cannot be compensated for, even though the company was fined £157,500. The important fact is that industrial accidents as these can actually be prevented with more responsibility and attention from the employers.
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A newcomer to the world of investments in the notion of “Virtual Real Estate Investing“. There are many variations on what this term means, encompassing everything from using the internet to aid in real estate investing efforts to participating in online games such as SecondLife.
To separate fact from fiction, I asked Bryan Ellis for comments. He’s the man many consider to be the father of this new form of investing.
“I began using the term ‘virtual real estate investing’ in the late 1990’s when I realized the clear similiarities in profit strategies, regardless of whether the “real estate” is “virtual” or “physical” said Ellis.
One example of the parallels between virtual and physical real estate Bryan Ellis cites is the similarity between the monetization of domain names versus physical property. He points out that control of a domain name or even a specific web page is much like controlling a real estate property ” those assets can be monetized in similar ways: By selling them for a profit, by leasing them, by offering advertising, etc.
The similarities really are obvious. Consider: A valuable piece of real estate is valuable largely due to the interest that other people have in that specific location. Similarly, ownership of a desirable domain name is valuable for the same reasons. So it doesn’t matter if you own physical real estate or virtual real estate - you’ll likely use similar strategies to turn them into money in your pocket.
In our next installment of this series on virtual real estate investing, Bryan Ellis will share the internet analogies to the physical concept of real estate development.
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