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Auto Insurance Tech Acquisitions Continue - AutoInsuranceQuotesZone Pursues ExitAuto insurance is undergoing one of its most active years on record including: one of the highest ad spends in the market by majors like Geico, AllState and Progressive, Google (News - Alert) Compare's launch, and 9x interest from investors in this vertical. While multi-billion (ACE acquiring Chubb for $28 Billion) and 9-figure acquisitions (Progressive Insurance taking controlling interest in American Strategic Insurance for $875 Million) make the headlines, a lot of Advantage Acquisitions are happening in startup circles. Start-ups are buying up rivals that give them an advantage in the marketplace. As more of the consumer base shifts to searching car insurance quotes online before making a purchase, the quotes comparison tech sector is especially hot (example: Underground Elephant's recent purchase of ZipQuote.com). Now, AutoInsuranceQuotesZone (AIQZ), a vehicle insurance lead generation network that provides quotes comparisons for USA consumers, is announcig their pursuit of an acquisition. Launched in 2012, AIQZ has remained profitable since year one. With proof of concept numbers, having generated combined revenues of $650,000USD, the business operates at 60%-70% profit margins. AIQZ saw 3.2 million clicks last year and is a river of auto insurance leads to its customers. What makes AIQZ unique is how scalable it is. It is Google safe as it derives its traffic entirely from a network of affiliates instead of organic search. Having added in custom developments on its platform that multi-million dollar affiliate solutions like Cake and HasOffers don't provide, it has also mitigated the affiliate fraud and low-quality traffic risks that typically put similar lead generation companies out of business. AIQZ is enjoying its strongest year. The business is operated mostly hands-off by its serial entrepreneur and certified accountant founder. With nearly 4 years of historical data and consistent, reliable metrics, it's ready to be scaled by a new owner. The business provides an instant new stream of leads and revenues. "Ideal acquisition is by auto insurance lead generation and quotes comparison platforms." AIQZ's business exit is represented by TOTH Web Properties. The company is considering offers that are 2.5x of net earnings or higher. For info-pack, contact business exit strategist and broker, Rob Toth, [email protected].
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