Founded in 1998 and made by 2nd story software, in the 2005 tax season. It will continue operations in cedar rapids as a standalone. File your simple 2019 taxes for free with tax software from taxact. Subsequently, in october of the same year, taxact acquired balance financial, the company that specializes in personal finance tools and. Once the buyout closes, 2nd story software, the operating company for taxact, will become a whollyowned subsidiary of infospace. Taxacts majority shareholder, ta associates, will sell its full holdings as part of the acquisition. Jan 09, 2012 2nd story software will become a whollyowned unit of infospace as part of the deal, which will be funded through a combination of cash on hand and debt.
The companys tax preparation software and webbased services includes free edition, deluxe edition and state edition and are available through a secure online delivery system, complemented by available desktop downloads and extensive tax and irs expertise, enabling. On january 31, 2012, infospace acquired taxact holdings, inc. Corporation tax manager calculates the corporation tax liabilities of companies. The company built a growing and profitable business by upgrading free customers to paying customers by selling deluxe and state versions of the software, as well as efiling services. Infospace buys online tax solutions company taxact for. Our flagship product, taxact, provides the highest degree of accuracy and is designed by inhouse programmers and tax accountants.
Upon completion of the acquisition, 2nd story software, the operating company for the taxact business, will become a whollyowned subsidiary of infospace, and will continue operations in cedar rapids, iowa as a standalone business unit led by the taxact management team. This event reflected the companys change as the owner of two online. Taxact 20 deluxe edition is 2nd story software s best value if youve previously filed your federal income tax returns with taxact. The company started with six employees, and jain served as ceo until. Infospace has announced that it has sold off its infospace media studios formerly moviso to mobile content tech firm funmobility, reports moconews. Update 3infospace moves beyond online search with taxact buy. Infospace unloads moviso jun 12, 2007 infospace has announced that it has sold off its infospace media studios formerly moviso to mobile content tech firm funmobility, reports moconews. Infospace taking new direction with taxact acquisition the.
It has everything in taxacts free service, including free. Todd is a member of tas management, core investment and portfolio committees and is cohead of tas north america services group, focusing on investments in financial and techenabled services companies. Upon completion of the acquisition, 2 nd story software, the operating company for the taxact business, will become a whollyowned subsidiary of infospace, and will continue operations in cedar. Taxact employs about 70, most of them at its 2nd story software offices in northeast cedar rapids. The search business also offers search services directly to consumers through its own internet search properties. Director, procurement irving, tx blucora, inc ladders. The company was founded as infospace in march 1996 by naveen jain after he left microsoft. Blucora is a provider of internetrelated services, mostly search engines. Our customers are global and range from small companies with a few dozen contractors to large companies with thousands of contractors and projects. Once the buyout closes, 2nd story software, the operating company for taxact, will become a wholly owned subsidiary of infospace. We now support v2015 our v2015 products are true windows addons integrating seamlessly with daceasy v2015. Update 3infospace moves beyond online search with taxact. On june 22, 2011, infospace sold its mercantila ecommerce business to zoo stores, inc. Taxact cofounder scales company after pe firm acquisition and.
In january 2012, 2nd story software was sold to seattlebased blucora formerly infospace, inc. Desktop assistant runs in your desktop tray so you are only a click away from having access to your important information. Come join us as we build software and services that help millions of people every year master their taxes and take contol of their financial future. On april 20, 2000, infospaces finance director sent an alarming email to jain about wireless. Then in early march 2000, the dotcom bubble burst and infospace s stock went into a freefall. In 20, the name was officially changed to taxact to better align with. May 01, 2015 lastly, cooling off back into the mid range of the bell curve, there were many software application acquisitions. Taxact makes filing your state and federal tax return easy with stepbystep guides and free phone support. In 20, the name was officially changed to taxact holdings, inc. Bostonbased ta associates took a majority stake in taxact owner 2nd story software inc. Infospace changed its name to blucora and nasdaq symbol from insp to bcor.
About us taxact, founded in 1998, is a leading provider of affordable digital and download tax preparation solutions for individuals, business owners and tax professionals. In the mid2000s, taxact was sold again to infospace now known as. Second story is a network of experiential design studios working across the cultural and brand landscapes to elevate the art of storytelling. Founded in 1998 and made by 2nd story software, in the 2005 tax season, taxact became. Developer of tax preparation software and webbased services intended to assist with efiled federal returns. This employment agreement this agreement is made and entered into effective as of january 31, 2012 the effective date, by and between joann kintzel the executive, infospace, inc. Infospace changed its name to blucora and nasdaq symbol. It will continue operations in cedar rapids as a standalone division led by taxact.
Online search and seo services company infospace has acquired 2nd story software, the holding company for online tax solutions provider taxact for. Our flagship product, taxact, provides its users the highest degree of accuracy and completeness and is designed by inhouse programmers, cpas, and tax accountants. Department of justice blocked the sale over antitrust concerns last year. On april 20, 2000, infospace s finance director sent an alarming email to jain about wireless. In addition, upon completion of the acquisition 2nd story software, the operating company for the taxact business, will become a wholly owned subsidiary of infospace and will continue operations in cedar rapids, iowa, as a standalone business unit led by the taxact management team. May 12, 2009 taxact, free download by 2nd story software, inc. Blucoras taxact subsidiary offers online tax preparation services. Find all downloads offered by 2nd story software in zdnets software directory, the webs largest library of software downloads.
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