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{{short description|US-based website containing crowd-sourced reviews of local businesses}}
{{Infobox Dotcom company
{{redirect|ANGI|the Davey Graham instrumental|Anji (instrumental)|the main subsidiary formerly known as Angie's List|Angi}}
| company_name = Angie's List, Inc.
{{Use mdy dates|date=October 2015}}
| company_logo = [[File:Angieslist-logo.png|240px|Angie's List]]
{{Infobox company
| company_slogan = Reviews you can trust.
| name = Angi Inc.
| vector_logo =
| hq_location_city = [[Denver]], [[Colorado]]
| company_type = Public
| hq_location_country = United States
| traded_as = {{nasdaq|ANGI}}
| founder = {{ubl|William S. Oesterle|[[Angie Hicks]]}}
| genre =
| industry = Internet Content & Information
| foundation = 1996-04-26
| services = {{ubl|[[Online marketplace]]|[[Review site]]}}
| founder = Angie Hicks
| revenue = {{increase}} US$1.132 billion
| location = [[Indianapolis|Indianapolis, Indiana]]
| owner = [[IAC (company)|IAC]] (3%)
| origins =
| footnotes = <ref name= AnnualReport2018>{{Cite web |url=http://ir.angihomeservices.com/static-files/aac6ae55-37e5-46ed-97f2-8d8573db096b |title=ANGI Homeservices 2018 Annual Report |access-date=29 August 2019}}</ref><ref name=YahooProfile>{{Cite web |work=Yahoo Finance |url=https://finance.yahoo.com/quote/ANGI/profile/ |title=ANGI Homeservices Inc. (ANGI) |access-date=29 August 2019}}</ref>
| key_people = John W. Biddinger, Chairman<br>William S. Oesterle, CEO<br> Angie Hicks, CMO
| former_name = ANGI Homeservices Inc.
| area_served =
| company_type = [[Public]]
| industry = Information collection and delivery
| traded_as = {{NASDAQ|ANGI}} ([[Class A share|Class A]])
| products =
| foundation = {{start date and age|1995}}
| revenue = $88 mil
| key_people = Jeff Kip ([[Chief executive officer|CEO]])
| operating_income =
| revenue_year = 2018
| net_income =
| operating_income = {{increase}} US$142.035&nbsp;million
| num_employees = 750
| income_year = 2018
| parent =
| net_income = {{increase}} US$ 77.507&nbsp;million
| subsid =
| net_income_year = 2018
| owner =
| num_employees = 4,500
| homepage = [http://www.angieslist.com/ www.angieslist.com]
| subsid = {{ubl|[[Angi]]|[[HomeAdvisor]]}}
| footnotes = <ref name=ISOS>{{cite web | title=accessIndiana | publisher=Indiana Secretary of State
| homepage = {{URL|https://ir.angi.com/}}
| url=https://secure.in.gov/sos/bus_service/online_corps/view_details.aspx?guid=9ACA7426-2CD0-4F80-88FB-8CD2E27CA838 | accessdate=2006-11-07}}</ref><ref name=Hoovers/><ref name=Mininggold/>
}}
}}


'''Angi Inc.''' (formerly '''ANGI Homeservices Inc.''') is an internet services company formed in 2017 by the merger of Angie's List and [[HomeAdvisor]].<ref name="denverpost-chuang">{{cite web|title=Golden-based HomeAdvisor completes purchase of Angie's List, goes public, grows 33 percent in a day |date=October 2, 2017|url=https://www.denverpost.com/2017/10/02/homeadvisor-angies-list-merger-growth/|access-date=28 August 2019}}</ref> The company has its earliest roots in American home services website Angie's List, founded in 1995 as an online directory that allows users to read and publish [[crowd-sourced]] reviews of local businesses and contractors.
'''Angie’s List''' is a website that aggregates verified consumer reviews of [[Service (economics)|service companies]] as a way to "capture word-of-mouth wisdom".<ref name=Toilet>{{cite news| last=Darlin| first=Damon| title=Let's Say Your Toilet Backs Up. How Do You Find a Good Plumber?| work=New York Times| date=2006-08-05| url=http://www.nytimes.com/2006/08/05/business/yourmoney/05money.html?ex=1312430400&en=aa426b7632c915ae&ei=5088&partner=rssnyt&emc=rss |accessdate=2007-01-10}}</ref> <!-- changed quote to more accurately reflect article -->Angie’s List has about 1.5 million subscribers throughout the United States and Canada who post an average of about 40,000 reviews each month. The concept behind the website is to certify their data collection process by only allowing paid and registered subscribers to access the website to prevent anonymous or biased reviews. <ref name=Amateur>{{Cite news| last=DeBare| first=Ilana| author-link= | last2= | first2= | author2-link= | title=Amateur reviews changing approach of small businesses| newspaper=San Francisco Chronicle| pages=F–1| date=September 3, 2006| url = http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/09/03/BUG45KT0RH1.DTL| postscript=<!--None-->}}</ref><ref name=Toilet/>

For the [[Calendar year#Quarters|quarter]] ending on June 30, 2018, ANGI reported total revenue of US$1,132,000,000 and a net income of US$77,507,000.<ref name="YahooFinance2016">[https://finance.yahoo.com/quote/ANGI/financials?ltr=1, Yahoo Finance, August 23, 201]</ref> On May 1, 2017, ''[[The Wall Street Journal]]'' reported that [[IAC (company)|IAC]] planned to buy Angie's List. By September 2017 the new publicly traded company was called ANGI Homeservices Inc.<ref name=angieslist-buy>{{cite news |last=Jamerson |first=Joshua |title=IAC Plans to Buy Angie's List |url=https://www.wsj.com/articles/iac-plans-to-buy-angies-list-1493672055?tesla=y | work=[[The Wall Street Journal]] |access-date=May 3, 2017}}</ref> Shares started trading in early October, 2017.<ref>{{cite news |last1=Avery |first1=Greg |title=Colorado's HomeAdvisor and Angie's List combine into new public company |url=https://www.bizjournals.com/denver/news/2017/10/02/coloradoshomeadvisor-and-angies-list-combine-into.html |access-date=3 May 2019 |work=Denver Business Journal |date=2 October 2017}}</ref>

In March 2019, Angi moved its corporate headquarters to [[Denver]], [[Colorado]].<ref name="AnnualReport2018" />


==History==
==History==
Formerly headquartered in [[Columbus, Ohio]], Angie's List was co-founded by William "Bill" Oesterle and Angie Hicks in 1995. It was inspired by Hicks' search for a reliable contractor in suburban Columbus on behalf of Oesterle, a venture capitalist and her former supervisor. She relocated to Columbus to join him in creating Angie's List, which started as a call-in service and publication for reviews about home and lawn care. Hicks went door-to-door, signing up members and collecting ratings on local contractors. For a year, it was called "Columbus Neighbors", the name and idea being patterned after the [[Indianapolis|Indianapolis, Indiana]]-based community publication, Unified Neighbors.<ref>[http://thestory.org/archive/the_story_051112.mp3 The Story with Dick Gordon]</ref> After solely recruiting more than 1,000 members in Columbus within one year, Hicks turned to Oesterle to raise money from investors in order to develop the business at a steady pace. <ref name=NoFreeStuff>{{cite news
William S. Oesterle and [[Angie Hicks]] founded Angie's List in 1995. The idea resulted from Hicks's search for a reliable [[general contractor|construction contractor]] in suburban [[Columbus, Ohio]], on behalf of Oesterle, a [[venture capital]]ist who was Hicks's boss. Hicks moved to Columbus to join Oesterle in creating Columbus Neighbors, a call-in service, and publication with reviews of local home and lawn care services. The name and concept were based on Unified Neighbors in [[Indianapolis, Indiana]]. Hicks went door-to-door, signing up consumers as members and collecting ratings of local contractors. After Hicks recruited over 1,000 members in Columbus within one year, she turned to Oesterle to raise money from investors to develop the business.<ref name="NoFreeStuff">{{cite news
|last=Evans
|last=Evans
|first=Teri
|first=Teri
|title=No Free Stuff Here: At Angie's List, Members Pay
|title=No Free Stuff Here: At Angie's List, Members Pay
|work=Wall Street Journal
|work=Wall Street Journal
|date=2010-10-06
|date=October 6, 2010
|url=http://online.wsj.com/article/SB10001424052748703843804575534493983291732.html
|url=https://www.wsj.com/articles/SB10001424052748703843804575534493983291732
|accessdate=2011-08-02}}</ref>
|access-date=August 2, 2011}}</ref>

In 2013, Angie's List investors worried that the company had been in business for more than 18 years, yet never had shown an annual profit and that valuations of the company were unrealistic based on the actual revenue the company produces.<ref>{{cite web|url=http://seekingalpha.com/article/1776412-angies-list-worth-9-based-on-expected-lifetime-member-value-in-2015|title=Angie's List: Worth $9 Based On Expected Lifetime Member Value In 2015|date=October 26, 2013|publisher=Seekingalpha.com|access-date=October 18, 2014}}</ref> But by 2015 growth estimates indicate a significant earnings-per-share growth, with a long-term growth rate at 19%. Combine this with stock estimates rising in 2015 by 13.3%, some [[Securities research]] firms such as Zacks Investment Research indicated ANGI is well-positioned for future earnings growth.<ref>{{cite web|url=http://www.zacks.com/stock/news/195456/why-angies-list-angi-could-be-an-impressive-growth-stock|title=Why Angie's List (ANGI) Could Be an Impressive Growth Stock|date=October 28, 2015|publisher=zacks.com|access-date=October 28, 2015|archive-url=https://web.archive.org/web/20151222095208/http://www.zacks.com/stock/news/195456/why-angies-list-angi-could-be-an-impressive-growth-stock|archive-date=December 22, 2015|url-status=dead}}</ref>

=== HomeAdvisor ===
In 1996, the company bought Unified Neighbors from its creator and moved the company's headquarters to Indianapolis.

In 1998, ServiceMagic was founded by Rodney Rice and Michael Beaudoin who were part of the founding management team of Einstein Bros Bagels.<ref name="Perez">{{cite news|last=Perez|first=Sarah|date=January 21, 2016|title=Waldo Raises $5 Million For A Photo-Finding Platform Targeting Professional Photographers & Events|publisher=TechCrunch|url=https://techcrunch.com/2016/01/21/waldo-raises-5-million-for-a-photo-finding-platform-targeting-professional-photographers-events/}}</ref> In 2004, [[IAC (company)|IAC]] acquired the website for an undisclosed price.<ref name="Release">{{cite news|date=July 22, 2004|title=IAC/InterActiveCorp Acquires ServiceMagic, Inc.|publisher=IAC|url=http://iac.com/media-room/press-releases/iacinteractivecorp-acquires-servicemagic-inc}}</ref>


On July 22, 2004, [[IAC (company)|IAC]] acquired ServiceMagic.<ref name="IAC-2004-7-22">{{cite web|title=IAC/InterActiveCorp Acquires ServiceMagic, Inc.|url=https://www.iac.com/media-room/press-releases/iacinteractivecorp-acquires-servicemagic-inc|date=July 22, 2004|publisher=IAC|access-date=October 28, 2015}}</ref> In October 2008, ServiceMagic acquired the French business 123Devis.com and Travaux.com, as well as UK business 123GetAQuote.co.uk to create ServiceMagic Europe. In March 2009, the UK business was rebranded as ServiceMagic.co.uk.<ref name="hardware">{{cite news|date=January 29, 2009|title=IAC's ServiceMagic Buys Market Hardware|publisher=BIA Kelsey|url=http://blog.biakelsey.com/index.php/2009/01/29/iacs-servicemagic-buys-market-hardware/}}</ref>
In 1996, Angie's List purchased Unified Neighbors, from creator Bill Corbin and relocated its headquarters to Indianapolis. By 1999, the database of local services and reviews was moved to the internet. During the ensuing years, their customer base and business relationships grew throughout North America, while also expanding to include additional service industries such as health care and auto care.<ref name=InnerCity>{{cite news
|title=Inner City 100.
|work=CNN Money
|date=2011-05-18
|url=http://money.cnn.com/galleries/2011/smallbusiness/1105/gallery.fastest_growing_businesses_inner_city_100.fortune/27.html|accessdate=2011-07-29}}</ref>


In 2012, the firm changed its name to [[HomeAdvisor]].<ref>{{cite news|date=September 28, 2012|title=Golden's ServiceMagic becomes HomeAdvisor in risky rebranding strategy|work=Denver Post|url=https://www.denverpost.com/2012/09/28/goldens-servicemagic-becomes-homeadvisor-in-risky-rebranding-strategy/}}</ref>
CNN Money featured Angie's List as one of the 100 fastest-growing inner city businesses in the nation, with their 2009 revenues reaching $45.6 million in 2011. <ref name=InnerCity />
According to their 10k, Angie's List's revenue last fiscal year was $90M.


In 2013, [[HomeAdvisor]] acquired Werkspot.nl, the leading Dutch home improvement platform.<ref name="Ruth">{{cite news|last=Ruth|first=Joao-Pierre|date=September 13, 2016|title=HomeAdvisor CEO: The Marketplace for Home Services Is 'Operationally Intense'|publisher=StreetFight|url=http://streetfightmag.com/2016/09/13/homeadvisor-ceo-the-marketplace-for-home-services-is-operationally-intense/}}</ref> In 2014,<ref>{{Cite web|url=https://www.adnkronos.com/immediapress/ict/2019/02/06/instapro-accredita-italia-come-leader-dei-marketplace-servizi-per-casa_Tj90adOb68K4lzHXKBuPOJ.html|title=Instapro si accredita in Italia come leader dei marketplace di servizi per la casa|website=Adnkronos|access-date=2019-11-11}}</ref> Werkspot.nl opens her twin company in Italy: Instapro.<ref>{{Cite web|url=https://www.instapro.it/|title=Instapro - Confronta Preventivi e Imprese per Lavori in Casa|website=www.instapro.it|access-date=2019-11-11}}</ref>
==Methodology==
Angie's List grades companies using a report-card-style scale, which ranges from A to F; these ratings are based on the following criteria: price, quality, responsiveness, punctuality and professionalism.<ref name=Hoovers>{{cite web | last=Schein | first=Amy | title=Brownstone Publishing, LLC | work=Hoovers.com | publisher=[[Hoovers]] | url=http://premium.hoovers.com/subscribe/co/factsheet.xhtml?ID=rfkffhsjrfchyhx | accessdate=2007-01-30}}</ref> Each company has its own page, which is composed of a description of its business along with the customer reviews. The aggregate grade is drawn from the combined reviews and grades given to the businesses from the consumers. Angie's List employees are trained to identify any reviews that seem biased or sabotaged, so the overall rating will only reflect legitimate customer reviews. This process was reviewed and approved by [[BPA Worldwide]] during a 2009 audit<ref name=Detroit>{{cite news | last = | first = | coauthors = | title =Angie’s List: Metro shoppers’ best friend | work =The Detroit News | pages = | publisher = | date =2006-12-07 | url = | accessdate = }}</ref> [[Revenue]] for Angie's List comes from member subscription fees, as well as [[advertising]] from businesses that have an overall grade of B or higher on the website. <ref name=Angie'sA>{{cite news | last=Tribble | first=Sarah Jane | title=Angie's List earns an "A" for filling consumer niche | work=Seattle Times | date=2006-08-28 | url=http://seattletimes.nwsource.com/html/businesstechnology/2003230767_btangielist28.html |accessdate=2007-01-10| archiveurl= http://web.archive.org/web/20070110163124/http://seattletimes.nwsource.com/html/businesstechnology/2003230767_btangielist28.html| archivedate= 10 January 2007 <!--DASHBot-->| deadurl= no}}</ref>


By 2015, the firm had achieved more than $300 million in annual revenue, been used by more than 30 million homeowners, had nearly 100,000 pre-screened service professionals in its network and almost 3 million verified reviews.<ref name="Moorhead">{{cite news |title=lAC's HomeAdvisor Is One To Watch In The Growing "Humans As A Service" (HaaS) Business|first=Patrick|last=Moorhead|work=Forbes|url=https://www.forbes.com/sites/patrickmoorhead/2015/07/15/lacs-homeadvisor-is-one-to-watch-in-the-growing-humans-as-a-service-haas-business-2/#779778a0681f|date=July 15, 2015}}</ref>
The listing process for contractors is stringent, as they are not allowed to pay to be on the list, nor are they able to list their own names and review their own company. Some critics state that determined contractors can find a way around that policy, by creating fake email accounts and using fake addresses; however, Angie’s List claims that their employees must read every single report as it comes in and ask each member whether he or she is affiliated with or is competing against the company they are reporting on.<ref name=Mininggold>{{cite news
|last=Duros
|first=Sally
|title=Mining gold from Chicagoans' word of mouth
|work=Chicago Sun Times
|date=2007-01-05
|url=http://www.suntimes.com/business/duros/197949,HOF-News-right05.article
|accessdate=2007-01-29| archiveurl= http://web.archive.org/web/20070209123703/http://www.suntimes.com/business/duros/197949%2CHOF-News-right05.article| archivedate= 9 February 2007 <!--DASHBot-->| deadurl= no}}</ref><ref name=pittsburgh>{{Cite news | last =Leonard | first =Kim | author-link = | title =When it comes to local [[Better Business Bureau|BBB]], region better watch the watchdog | newspaper =Pittsburgh Tribune-Review | pages = | date =February 1, 2007 | url =http://www.pittsburghlive.com/x/pittsburghtrib/business/s_491183.html | postscript =<!--None-->}}</ref> Also, members can only report on each company once every six months. <ref name=KVBC>{{cite news | title=Angie's List helps you choose a contractor | work=KVBC | date=2006-07-10 | url=http://www.kvbc.com/Global/story.asp?S=5132384&nav=menu107_2_3 | accessdate=2007-01-29| archiveurl= http://web.archive.org/web/20070224093455/http://www.kvbc.com/Global/story.asp?S=5132384&nav=menu107_2_3| archivedate= 24 February 2007 <!--DASHBot-->| deadurl= no}}</ref>
Angies List is constantly trying to hustle their business members to buy low cost memberships roughly 19.95 to give our friends and clients to boost our scores.They are always asking for emails of client so they can coax them into joining and score you.Flawed that way it is also flawed as anyone client or ex husband can ruin your score with a fake review.Business owners can and do create numerous emails to post positive reviews, an email to your friends can create an A+ rating for a business not yet open. Angie's List is a for profit corporation, not Consumer report.


In 2016, [[HomeAdvisor]] acquired the German home services company, MyHammer.<ref name="MyHammer">{{cite news |title=HomeAdvisor expands to Germany with purchase of MyHammer|first=Tamara|last=Chuang|publisher=Denver Post|url=http://www.denverpost.com/2016/10/10/homeadvisor-myhammer-purchase/|date=October 16, 2016}}</ref> In 2017, it acquired Canada's leading home services platform, HomeStars,<ref name="Greg">{{cite news|last=Avery|first=Greg|date=2017|title=HomeAdvisor buys Canada's big home improvement site|publisher=Denver Business Journal|url=https://www.bizjournals.com/denver/news/2017/02/09/homeadvisor-buys-canadas-big-home-improvement-site.html}}</ref> and MyBuilder, the UK's leading home services platform connecting homeowners and tradesmen.<ref name="McCaffrey">{{cite news|last=McCaffrey|first=Erin|date=March 27, 2017|title=HomeAdvisor buys UK home services marketplace MyBuilder|publisher=Seeking Alpha|url=https://seekingalpha.com/news/3253595-homeadvisor-buys-uk-home-services-marketplace-mybuilder}}</ref>
==Corporate affairs and culture==
=== Angi ===
Angie’s List is reputed to have a unique company culture, in that it encourages a laid-back yet innovative atmosphere. Communication is extremely open between management and staff, and ideas are encouraged from all employees, regardless of their positions.<ref name=Overview>{{cite news
{{main|Angi}}
|title=Angie's List Overview
In 2010, Angie's List raised a total of $25&nbsp;million in capital from investors. In September 2010, Wasatch Funds and [[Battery Ventures]] invested $22&nbsp;million.<ref>{{Cite web|title=Angie's List strikes big with $22M|url=http://vator.tv/news/2010-09-21-angies-list-strikes-big-with-22m|last=Merino|first=Faith|date=September 21, 2010|work=VatorNews}}</ref> In November 2010, Saints Capital led an additional funding of $2.5&nbsp;million.<ref name="Vator">{{Cite web|title=Angie's List raises $2.5M adding to $22.5M|url=http://vator.tv/news/2010-11-11-angies-list-raises-25m-adding-to-225m|last=Merino|first=Faith|date=November 11, 2010|work=VatorNews}}</ref>
|work=Glass Door
On November 17, 2011, the firm began trading on the [[NASDAQ]] exchange under the ticker symbol ANGI. It priced 8.8M shares at $13 and opened for trading at $18, a 33% premium.<ref>{{cite news|date=November 17, 2011|title=Angie's List gains 25% in IPO|work=CNN|url=https://money.cnn.com/2011/11/17/technology/angies_list_IPO/}}</ref>
|date=2011
|url=http://www.glassdoor.com/Overview/Working-at-Angie-s-List-EI_IE15700.11,23.htm
|accessdate=2011-08-15}}</ref> Angie’s List was named one of the Best Places to Work in Indiana in 2007 and 2008 by the Indiana Chamber of Commerce. The rankings for the list are based on the feedback of randomly selected employees at eligible Indiana businesses.<ref name=Best2007>{{cite news
|title=Best Places to Work in Indiana Named
|work=Inside Indiana Business
|date=2007-02-26
|url=http://www.insideindianabusiness.com/newsitem.asp?id=22039
|accessdate=2011-07-29}}</ref><ref name=Best2008>{{cite news
|title=Best Places to Work in Indiana Named
|work=Inside Indiana Business
|date=2008-02-25
|url=http://www.insideindianabusiness.com/newsitem.asp?ID=28003
|accessdate=2011-07-29}}</ref>


In July 2016, Angie's List was made a [[freemium]] service; the basic membership tier, with access to more than 10 million reviews, was made free, alongside subscription tiers offering additional functionality.<ref name="bloomberg-iacangi">{{cite web|title=Golden-based HomeAdvisor completes purchase of Angie's List|url=https://www.denverpost.com/2017/10/02/homeadvisor-angies-list-merger-growth/|website=Denver Post|date=October 2, 2017|access-date=2 October 2017}}</ref><ref>{{Cite web|title=Need a plumber? Angie's List reviews are now free|url=https://www.cnbc.com/2016/07/13/need-a-plumber-angies-list-reviews-are-now-free.html|last=Mercado|first=Darla|date=2016-07-13|website=CNBC|access-date=2016-07-27|df=mdy-all}}</ref>
Angie’s List was also a finalist for the Nation’s Healthiest Employers of 2010. They have had a comprehensive employee wellness program for over 5 years, which includes about 30 different programs and events throughout the year. Employees are offered health, life and dental insurance, as well as access to the fitness programs and the on-site fitness center. They are encouraged to participate in various events created to foster a team environment and boost company spirit.<ref name=Fitness>{{cite news
|title=Angie's List: Fitness for Life
|work=Healthiest Employers
|date=2010
|url=http://www.healthiestemployers.com/angies-list
|accessdate=2011-07-29}}</ref>


On October 2, 2017, [[IAC (company)|IAC]] announced that it had agreed to acquire Angie's List for $781.4 million.<ref name="AnnualReport2018" /> and it merged Angie's List and HomeAdvisor, renaming the merged company to ANGI Homeservices, retaining Angie's List ticker symbol and stock history.<ref name="bloomberg-iacangi" /><ref name="angi-mergr">{{cite web|title=Merger Proposal|url=http://ir.angihomeservices.com/node/6126/html|website=ANGI Homeservices|access-date=28 August 2019}}</ref>
==Legal controversy==
According to the ''Washington Post'', in March 2007, SCS Contracting Group sued two Angie's List members for libel for their negative reviews of the company, along with Brownstone Publishing d/b/a Angie's List and other defendants. One of the two members remarked, "If [contractors are] able to sue, then the value of Angie's List depreciates .... People aren't going to be willing to submit reviews if they could be threatened with a lawsuit."<ref name=lawsuit>{{Cite news
| last =Kelly
| first =John
| author-link =
| author2-link =
| title =Homeowner's Web Gripe Draws Contractor Lawsuit
| newspaper =Washington Post
| pages =
| date =March 13, 2007
| url = http://www.washingtonpost.com/wp-dyn/content/article/2007/03/12/AR2007031201548.html
| postscript =<!--None-->}}</ref> On 7 October 2008, Stephen C. Siebert et al. dismissed the complaint against Monica Hammock and Edwin Castillo. Judgment was rendered in favor of all defendants.<ref>{{cite web|url=http://theiceloop.com/Order.pdf|title=STEPHEN C. SIEBER, et al., v. BROWNSTONE PUBLISHING CO|date=October 2010}}</ref>


In October 2018, ANGI Homeservices bought [[Handy (company)|Handy]] for $165.5 million.<ref name="AnnualReport2018" /> In March 2021, Angie's List changed its name to Angi, and ANGI Homeservices Inc. changed its name to Angi Inc.<ref name="cnn.com">{{Cite web |last=Monica |first=Paul R. La |date=2021-03-17 |title=Angie's List changes its name in a complete rebranding {{!}} CNN Business |url=https://www.cnn.com/2021/03/17/investing/angies-list-angi-rebranding/index.html |access-date=2022-03-26 |website=CNN |language=en}}</ref>
==Financial information==
Angie's List estimated that its annual revenue in 2008 was $58 million, generated primarily through advertising in its newsletter and membership fees.<ref name=Doctors>{{cite news|last=Murphy|first=Tom|title=Angie’s to-do list: doctors; Service ratings firm explores expansion into health care|work=Indiana Business Journal|date=2007-01-20|url=http://www.ibj.com/html/detail_page.asp?content=408|accessdate=2007-02-01}}</ref> Angie's List has not published its annual expenses or net income.


In May 2023, William Oesterle, who co-founded the company with Angie Hicks, died.<ref>{{cite news|url=https://www.nytimes.com/2023/05/14/business/bill-oesterle-dead.html|title=Bill Oesterle, Co-Founder of Angie’s List, Dies at 57|first=Daniel E.|last=Slotnik|publisher=New York Times|date=May 14, 2023|accessdate=May 14, 2023}}</ref>
Membership fees are based on location. For example, Angie's List reported the following annual membership fees as of 4 December 2009:
*Charlottesville, Virginia&nbsp;— $10
*Stamford, Connecticut&nbsp;— $32
*Beverly Hills, California&nbsp;— $36.25
*Pompano Beach, Florida&nbsp;— $47


== Lawsuits ==
In 2010, Angie's List raised a total of $25 million in capital from investors. In September 2010, Wasatch Funds and [[Battery Ventures]] invested $22 million.<ref>{{Cite web
In 2014, Angie's List Inc. paid $2.8&nbsp;million to settle a lawsuit alleging that it automatically renewed members at a higher rate than they were led to believe.<ref>{{cite web|title=HomeAdvisor to pay $2.8M in membership-fee settlement|url=http://www.ibj.com/angies-list-to-pay-28m-in-membership-fee-settlement/PARAMS/article/49636|publisher=Ibl.com|access-date=October 18, 2014}}</ref>
|first=Faith |last=Merino
|work=VatorNews
|url=http://vator.tv/news/2010-09-21-angies-list-strikes-big-with-22m
|title=Angie's List strikes big with $22M
|date=21 September 2010}}</ref> In November 2010, Saints Capital led an additional funding of $2.5 million.<ref name=Vator>{{Cite web
|first=Faith |last=Merino
|work=VatorNews
|url=http://vator.tv/news/2010-11-11-angies-list-raises-25m-adding-to-225m
|title=Angie's List raises $2.5M adding to $22.5M
|date=11 November 2010}}</ref>


In August 2016, HomeAdvisor has agreed to settle three lawsuits for a payment of $1,400,000. The class action lawsuits focused on HomeAdvisor acceptance of advertising payments from service providers, and whether those payments affect service providers’ letter-grade ratings, reviews, and place in search-result rankings. HomeAdvisor denies plaintiffs’ claims, but disclosed that revenue from service providers can affect the order of search-result rankings of the service provider under certain settings (Moore vs. AngiesList).<ref>{{Cite web|url=https://www.moorevalsettlement.com|title=Moore v. Angie's List - Home|website=www.moorevalsettlement.com|access-date=2016-08-30}}</ref>
On November 17, 2011, Angie's List began trading on the [[NASDAQ]] exchange under the ticker symbol ANGI. It priced 8.8M shares at $13 and opened for trading at $18, a 33% premium.<ref>{{cite news| url=http://money.cnn.com/2011/11/17/technology/angies_list_IPO/ | work=CNN | title=Angie's List gains 25% in IPO | date=2011-11-17}}</ref>


==References==
==References==
{{Reflist}}
{{reflist}}
"Contracts and Warranties for Construction Contractors" Formally [http://www.ContractsAndWarranties.com ContractsAndWarranties.com] - Our neighbors in Columbus, Akron, and Cleveland, OH


==External links==
==External links==
* {{Official website|https://www.angihomeservices.com/}}
* [http://www.angieslist.com Angie's List website]


{{IAC}}
* [http://www.theiceloop.com/Order.pdf SUPERIOR COURT OF THE DISTRICT OF COLUMBIA CIVIL DIVISION STEPHEN C. SIEBER, et al., v. BROWNSTONE PUBLISHING CO., et al.; 2007 CA 2549]


[[Category:Consumer magazines]]
[[Category:Companies listed on the Nasdaq]]
[[Category:Companies based in Indianapolis, Indiana]]
[[Category:Consumer guides]]
[[Category:Review websites]]
[[Category:Companies based in Denver]]
[[Category:Online marketplaces of the United States]]
[[Category:American review websites]]
[[Category:American companies established in 1995]]
[[Category:Internet properties established in 1995]]
[[Category:1995 establishments in Ohio]]
[[Category:2011 initial public offerings]]
[[Category:IAC (company)]]

Latest revision as of 19:56, 13 June 2024

"ANGI" redirects here. For the Davey Graham instrumental, see Anji (instrumental). For the main subsidiary formerly known as Angie's List, see Angi.

Angi Inc.
FormerlyANGI Homeservices Inc.
Company typePublic
Nasdaq: ANGI (Class A)
IndustryInternet Content & Information
Founded1995; 30 years ago (1995)
Founder
Headquarters
Denver, Colorado
,
United States
Key people
Jeff Kip (CEO)
Services
RevenueIncrease US$1.132 billion (2018)
Increase US$142.035 million (2018)
Increase US$ 77.507 million (2018)
OwnerIAC (3%)
Number of employees
4,500
Subsidiaries
Websiteir.angi.com
Footnotes / references
[1][2]

Angi Inc. (formerly ANGI Homeservices Inc.) is an internet services company formed in 2017 by the merger of Angie's List and HomeAdvisor.[3] The company has its earliest roots in American home services website Angie's List, founded in 1995 as an online directory that allows users to read and publish crowd-sourced reviews of local businesses and contractors.

For the quarter ending on June 30, 2018, ANGI reported total revenue of US$1,132,000,000 and a net income of US$77,507,000.[4] On May 1, 2017, The Wall Street Journal reported that IAC planned to buy Angie's List. By September 2017 the new publicly traded company was called ANGI Homeservices Inc.[5] Shares started trading in early October, 2017.[6]

In March 2019, Angi moved its corporate headquarters to Denver, Colorado.[1]

History

[edit]

William S. Oesterle and Angie Hicks founded Angie's List in 1995. The idea resulted from Hicks's search for a reliable construction contractor in suburban Columbus, Ohio, on behalf of Oesterle, a venture capitalist who was Hicks's boss. Hicks moved to Columbus to join Oesterle in creating Columbus Neighbors, a call-in service, and publication with reviews of local home and lawn care services. The name and concept were based on Unified Neighbors in Indianapolis, Indiana. Hicks went door-to-door, signing up consumers as members and collecting ratings of local contractors. After Hicks recruited over 1,000 members in Columbus within one year, she turned to Oesterle to raise money from investors to develop the business.[7]

In 2013, Angie's List investors worried that the company had been in business for more than 18 years, yet never had shown an annual profit and that valuations of the company were unrealistic based on the actual revenue the company produces.[8] But by 2015 growth estimates indicate a significant earnings-per-share growth, with a long-term growth rate at 19%. Combine this with stock estimates rising in 2015 by 13.3%, some Securities research firms such as Zacks Investment Research indicated ANGI is well-positioned for future earnings growth.[9]

HomeAdvisor

[edit]

In 1996, the company bought Unified Neighbors from its creator and moved the company's headquarters to Indianapolis.

In 1998, ServiceMagic was founded by Rodney Rice and Michael Beaudoin who were part of the founding management team of Einstein Bros Bagels.[10] In 2004, IAC acquired the website for an undisclosed price.[11]

On July 22, 2004, IAC acquired ServiceMagic.[12] In October 2008, ServiceMagic acquired the French business 123Devis.com and Travaux.com, as well as UK business 123GetAQuote.co.uk to create ServiceMagic Europe. In March 2009, the UK business was rebranded as ServiceMagic.co.uk.[13]

In 2012, the firm changed its name to HomeAdvisor.[14]

In 2013, HomeAdvisor acquired Werkspot.nl, the leading Dutch home improvement platform.[15] In 2014,[16] Werkspot.nl opens her twin company in Italy: Instapro.[17]

By 2015, the firm had achieved more than $300 million in annual revenue, been used by more than 30 million homeowners, had nearly 100,000 pre-screened service professionals in its network and almost 3 million verified reviews.[18]

In 2016, HomeAdvisor acquired the German home services company, MyHammer.[19] In 2017, it acquired Canada's leading home services platform, HomeStars,[20] and MyBuilder, the UK's leading home services platform connecting homeowners and tradesmen.[21]

Angi

[edit]
Main article: Angi

In 2010, Angie's List raised a total of $25 million in capital from investors. In September 2010, Wasatch Funds and Battery Ventures invested $22 million.[22] In November 2010, Saints Capital led an additional funding of $2.5 million.[23] On November 17, 2011, the firm began trading on the NASDAQ exchange under the ticker symbol ANGI. It priced 8.8M shares at $13 and opened for trading at $18, a 33% premium.[24]

In July 2016, Angie's List was made a freemium service; the basic membership tier, with access to more than 10 million reviews, was made free, alongside subscription tiers offering additional functionality.[25][26]

On October 2, 2017, IAC announced that it had agreed to acquire Angie's List for $781.4 million.[1] and it merged Angie's List and HomeAdvisor, renaming the merged company to ANGI Homeservices, retaining Angie's List ticker symbol and stock history.[25][27]

In October 2018, ANGI Homeservices bought Handy for $165.5 million.[1] In March 2021, Angie's List changed its name to Angi, and ANGI Homeservices Inc. changed its name to Angi Inc.[28]

In May 2023, William Oesterle, who co-founded the company with Angie Hicks, died.[29]

Lawsuits

[edit]

In 2014, Angie's List Inc. paid $2.8 million to settle a lawsuit alleging that it automatically renewed members at a higher rate than they were led to believe.[30]

In August 2016, HomeAdvisor has agreed to settle three lawsuits for a payment of $1,400,000. The class action lawsuits focused on HomeAdvisor acceptance of advertising payments from service providers, and whether those payments affect service providers’ letter-grade ratings, reviews, and place in search-result rankings. HomeAdvisor denies plaintiffs’ claims, but disclosed that revenue from service providers can affect the order of search-result rankings of the service provider under certain settings (Moore vs. AngiesList).[31]

References

[edit]
  1. ^ a b c d "ANGI Homeservices 2018 Annual Report". Retrieved August 29, 2019.
  2. ^ "ANGI Homeservices Inc. (ANGI)". Yahoo Finance. Retrieved August 29, 2019.
  3. ^ "Golden-based HomeAdvisor completes purchase of Angie's List, goes public, grows 33 percent in a day". October 2, 2017. Retrieved August 28, 2019.
  4. ^ Yahoo Finance, August 23, 201
  5. ^ Jamerson, Joshua. "IAC Plans to Buy Angie's List". The Wall Street Journal. Retrieved May 3, 2017.
  6. ^ Avery, Greg (October 2, 2017). "Colorado's HomeAdvisor and Angie's List combine into new public company". Denver Business Journal. Retrieved May 3, 2019.
  7. ^ Evans, Teri (October 6, 2010). "No Free Stuff Here: At Angie's List, Members Pay". Wall Street Journal. Retrieved August 2, 2011.
  8. ^ "Angie's List: Worth $9 Based On Expected Lifetime Member Value In 2015". Seekingalpha.com. October 26, 2013. Retrieved October 18, 2014.
  9. ^ "Why Angie's List (ANGI) Could Be an Impressive Growth Stock". zacks.com. October 28, 2015. Archived from the original on December 22, 2015. Retrieved October 28, 2015.
  10. ^ Perez, Sarah (January 21, 2016). "Waldo Raises $5 Million For A Photo-Finding Platform Targeting Professional Photographers & Events". TechCrunch.
  11. ^ "IAC/InterActiveCorp Acquires ServiceMagic, Inc". IAC. July 22, 2004.
  12. ^ "IAC/InterActiveCorp Acquires ServiceMagic, Inc". IAC. July 22, 2004. Retrieved October 28, 2015.
  13. ^ "IAC's ServiceMagic Buys Market Hardware". BIA Kelsey. January 29, 2009.
  14. ^ "Golden's ServiceMagic becomes HomeAdvisor in risky rebranding strategy". Denver Post. September 28, 2012.
  15. ^ Ruth, Joao-Pierre (September 13, 2016). "HomeAdvisor CEO: The Marketplace for Home Services Is 'Operationally Intense'". StreetFight.
  16. ^ "Instapro si accredita in Italia come leader dei marketplace di servizi per la casa". Adnkronos. Retrieved November 11, 2019.
  17. ^ "Instapro - Confronta Preventivi e Imprese per Lavori in Casa". www.instapro.it. Retrieved November 11, 2019.
  18. ^ Moorhead, Patrick (July 15, 2015). "lAC's HomeAdvisor Is One To Watch In The Growing "Humans As A Service" (HaaS) Business". Forbes.
  19. ^ Chuang, Tamara (October 16, 2016). "HomeAdvisor expands to Germany with purchase of MyHammer". Denver Post.
  20. ^ Avery, Greg (2017). "HomeAdvisor buys Canada's big home improvement site". Denver Business Journal.
  21. ^ McCaffrey, Erin (March 27, 2017). "HomeAdvisor buys UK home services marketplace MyBuilder". Seeking Alpha.
  22. ^ Merino, Faith (September 21, 2010). "Angie's List strikes big with $22M". VatorNews.
  23. ^ Merino, Faith (November 11, 2010). "Angie's List raises $2.5M adding to $22.5M". VatorNews.
  24. ^ "Angie's List gains 25% in IPO". CNN. November 17, 2011.
  25. ^ a b "Golden-based HomeAdvisor completes purchase of Angie's List". Denver Post. October 2, 2017. Retrieved October 2, 2017.
  26. ^ Mercado, Darla (July 13, 2016). "Need a plumber? Angie's List reviews are now free". CNBC. Retrieved July 27, 2016.
  27. ^ "Merger Proposal". ANGI Homeservices. Retrieved August 28, 2019.
  28. ^ Monica, Paul R. La (March 17, 2021). "Angie's List changes its name in a complete rebranding | CNN Business". CNN. Retrieved March 26, 2022.
  29. ^ Slotnik, Daniel E. (May 14, 2023). "Bill Oesterle, Co-Founder of Angie's List, Dies at 57". New York Times. Retrieved May 14, 2023.
  30. ^ "HomeAdvisor to pay $2.8M in membership-fee settlement". Ibl.com. Retrieved October 18, 2014.
  31. ^ "Moore v. Angie's List - Home". www.moorevalsettlement.com. Retrieved August 30, 2016.
[edit]
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