Blucora, Inc.

Blucora, Inc.

Blucora, Inc.

Overview
Date Founded

1996

Headquarters

10900 NE 8TH STREET, SUITE 800, BELLEVUE, WA, 98004

Type of Company

Public

Employees (Worldwide)

529

Industries

IT Consulting & Services
Management Consulting
Accounting & Financial Services
Computer Software
Internet Software & Services

Company Description

Blucora, Inc. engages in the provision of technology-enabled financial solutions to consumers, small businesses, and tax professionals. It operates through the Wealth Management and Tax Preparation segments. The Wealth Management segment distributes products and services through financial advisors who affiliate with HD Vest's subsidiaries as independent contractors. The Tax Preparation segment offers digital do-it-yourself tax preparation solutions. The company brands include TaxAct and HD Vest. Blucora was founded in March 1996 and is headquartered in Irving, TX.

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Executives & Employees

President, Chief Executive Officer & Director

Chief Financial Officer & Treasurer

Chief Technology Officer

Chief Business Operations & Development Officer

Chief Legal Officer & Secretary

Principal Accounting Officer

Chief Human Resources Officer

Chief Accounting Officer & Vice President-Accounting

President-Wealth Management

President, Taxact

Board of Directors

Director at Bechtel Construction Operations Incorporated

Former President, Chief Executive Officer & Director at Blucora, Inc.

Senior Partner at Activate Strategy Inc.

Chief Executive Officer at Brace Industrial Group, Inc.

Former Chief Financial Officer & Executive Vice President at CIT Group, Inc.

Chief Technology Officer & Vice President at Braintree Payment Solutions LLC

Former Professional at McKinsey & Co., Inc.

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Blucora, Inc.
Owners & Shareholders
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ClearBridge seeks to provide client accounts with long-term capital appreciation by actively selecting securities that the firm believes are trading at a discount to intrinsic value. Each strategy adheres firmly to the firm's value-driven, research intensive investment process. By adhering to a consistent, value-driven process, ClearBridge, strives to outperform its benchmarks over the long-term. ClearBridge's strategies include Value Equity and Small-Cap Core. ClearBridge's Value Equity strategy is designed for investors seeking a concentrated portfolio of primarily large-cap US securities. The firm's Small-Cap Core strategy is designed for investors seeking a concentrated portfolio of primarily small-cap US securities.

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Hillcrest Asset Management manages tax-exempt, separate-account portfolios of value and core-oriented US equities. The firm's active small-cap value and core strategies seek to capture excess return through the use of a multi-factor stock selection model. The model weighs three factors: (1) earnings estimates by analysts (2) relative value and (3) projected future earnings growth. Portfolios are structured to capitalize on stock selection while minimizing exposure to other risks, such as beta, sector/industry exposures and investment style.Hillcrest's US Small Cap Core strategy seeks capital growth through investments in the stocks of companies with a market-cap of $200,000 to $2 million. The firm focuses on high-quality companies that have superior valuations relative to the market and earnings growth greater than the market. The expected tracking error target is 4% to 5% with an information ratio of 1. Portfolios typically hold 140 to 180 securities with an annual turnover of 38%. The strategy is benchmarked against the Russell 2000 Index.Hillcrest's US Small-Cap Value strategy seeks capital growth through investments in the stocks of companies with a market-cap of $200, 000 to $2 million. The firm focuses on high-quality companies that have superior valuations relative to the market and earnings growth greater than the market. The expected tracking error target is 4% to 5% with an information ratio of 1. Portfolios typically hold 60 to 70 securities with an annual turnover of 35%. The strategy is benchmarked against the Russell 2000 Value Index.The firm's US Small-Cap Deep Value strategy seeks capital growth through investments in the stocks of companies with a market-cap of $100,000 to $2 million. The firm focuses on high-quality companies that have superior valuations relative to the market and earnings growth greater than the market. The expected tracking error target is 6% to 7% with an information ratio of over 0.5%. Portfolios typically hold 25 to 30 securities with an annual turnover of 10% to 20%. The strategy is benchmarked against the Russell 2000 Value Index.Hillcrest's US Enhanced Large-Cap Core strategy seeks to consistently outperform the S&P 500 Index while maintaining a lower level of risk. The strategy invests in companies with a market-cap of $2 million to $475 million. The expected tracking error target is 2%. Portfolios typically hold 100 to 125 securities.

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Simcoe Capital Management Co. focuses on long/short investments in undervalued, publicly-traded, small-cap companies. The firm has significant investments in companies in the technology and communications sectors.

Recent Transactions
Details Hidden

Wealthsimple, Inc. purchases Simpletax Software, Inc. from Blucora, Inc.

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Blucora, Inc. purchases 1st Global, Inc.

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YFC-BonEagle Electric Co., Ltd. purchases Monoprice, Inc. from Blucora, Inc.

Insider Transactions
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Transaction Advisors
Accountant

Advised onBlucora, Inc. purchases go2net, Inc.

Legal Advisor

Advised onBlucora, Inc. purchases go2net, Inc.

Legal Advisor

Advised onBlucora, Inc. purchases Monoprice, Inc.

Legal Advisor

Advised onBlucora, Inc. purchases Monoprice, Inc.

Legal Advisor

Advised onSuperMedia, Inc. purchases Switchboard, Inc. from Blucora, Inc.

Legal Advisor

Advised onBlucora, Inc. purchases TaxACT, Inc. from TA Associates Management, L.P.

Advisors & Consultants
Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Clients

Google’s mission is to organize the world’s information and make it universally accessible and useful. Our company has packed a lot into a relatively young life. Since Google was founded in 1998, we’ve grown to serve hundreds of thousands of users and customers around the world. Founders Larry Page and Sergey Brin met at Stanford University in 1995. By 1996, they had built a search engine (initially called BackRub) that used links to determine the importance of individual webpages. Founded 1998 Founders Larry Page and Sergey Brin Incorporation September 4, 1998 Initial public offering (NASDAQ) August 19, 2004 Headquarters 1600 Amphitheatre Parkway Mountain View CA 94043

KeyCorp operates as bank holding company. The company operates through the following two segments: Key Community Bank and Key Corporate Bank. The Key Community Bank segment serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, and home equity, credit card and personalized wealth management products and business advisory services. The Key Corporate Bank segment focuses on serving the needs of middle market clients in six industry sectors: consumer, energy, healthcare, industrial, public sector and real estate. Key Corporate Bank focuses on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate, and technology, which delivers a broad product suite of banking and capital markets products to its clients, including syndicated finance, debt and equity capital markets, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance. The company was founded in 1958 and is headquartered in Cleveland, OH.

Yahoo!, Inc. is a global technology company, which delivers personalized, including search, content, and communications tools on the web and on mobile devices. The company provides a variety of products and services, many of them personalized, including search, content, and communications tools-all daily habits for hundreds of millions of users, on the Web and on mobile devices. The majority product offerings are available in more than 45 languages and in 60 countries, regions and territories. The company's offerings to users include, Yahoo.com is a starting point that brings together the most relevant content and functionality from across the Web, including original Yahoo! content. It offers a majority of these services free of charge to users around the world. Yahoo! Search is available free to users and often serves as the starting point from which they navigate the Internet to find and discover information that matters to them. It provides users with a free search capability, offering rich search results ranked and organized based on relevance to each user's search query. It currently offers Yahoo! Search experiences and applications across connected devices, including PCs, tablets and mobile phones. Yahoo! News provides original, premium, partner, and syndicated news via text, photos, and video to engage users with wide-ranging, up-to-the-minute coverage and analysis into topical news events. Yahoo! Sports serves one of the largest audiences of digital sports enthusiasts in the world. It is anchored by Fantasy Sports, editorial reporting, real-time scores, statistics and breaking news, coverage of the biggest global sports events, and premium college sports coverage through Rivals publisher network. Yahoo! Finance provides a comprehensive set of financial data, information, and tools that helps users make informed financial decisions. It offers mobile solutions, including dedicated Yahoo! Finance iPhone and Android applications and MarketDash for iPad. Yahoo! Entertainment and Lifestyles is a collection of properties focused on emerging trends and information in popular culture, women's issues, and media. Yahoo! omg!, Movies, TV and Music are leading destinations for celebrity gossip, movie, music, and TV premieres, and awards coverage. Yahoo Shine! is targeted to women and provides tips, features and in-depth analysis in areas such as health, fashion, careers and parenting. Yahoo! Video provides original, premium and third-party news, finance, sports, entertainment, and lifestyle video content distributed in contextually relevant experiences across the Yahoo! network. Yahoo! Video includes Yahoo! Screen, a video destination site where videos from across the Yahoo! network are aggregated and watched. Yahoo! Toolbar is a Web browser add-on that conveniently enables users to access and preview Yahoo! Properties and third-party content via applications from anywhere on the Web. In addition to bringing together personalized content and information consumed by hundreds of millions of users, it also provide communications tools to connect the world, include: Yahoo! Mail, Yahoo! Messenger, Yahoo! Groups, Yahoo! Answers, Flickr, Mobile & Emerging Products, IntoNow from Yahoo! and Connected TV, which provides a wide range of communication and social services to users and small businesses across a variety of devices and through its broadband Internet access partners enable users to organize into groups and share knowledge, common interests, and photos. Yahoo! was founded by Jerry Chih-Yuan Yang and David Filo in January 1994 and is headquartered in Sunnyvale, CA.

Key Stats and Financials As of 2018
Market Capitalization
$1.09B
Total Enterprise Value
$1.52B
Earnings Per Share
$0.9
Revenue
$560M
Debt TEV
0.17x
Enterprise Value Sales
2.7x
Total Equity
$633M
Total Debt
$260M
TEVNet Income
33.94x
Net Profit
$44.7M
EBITDAMargin
19.01%
Enterprise Value EBITDAOperating
14.22x
EBITDA
$107M
Non-Profit Donations & Grants
$500 - $999
2013
$2,500 +
2012
Investments
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Omnisky Corp. operates as a development stage company and has no operations. The company sold substantially all its assets to EarthLink, Inc. It has gone into bankruptcy in the U.S. Bankruptcy Court for the Northern District of California. Earlier, the company provided wireless data applications and services for use on mobile devices. It is located in San Francisco, CA.

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ON24, Inc. provides webcasting and video communications solutions. The company offers webinar-based marketing solutions that drive demand generation and customer engagement. The company was founded in 1998 by Sharat Sharan and William Ryan Bales and is headquartered in San Francisco, CA.

Competitors
Intuit, Inc. Computer Software - MOUNTAIN VIEW, CA

Intuit, Inc. engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; and Strategic Partner. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses. The Consumer segment includes do-it-yourself and assisted TurboTax income tax preparation products and services. The Strategic Partner segment comprises professional tax offerings, which include Lacerte, ProSeries, ProFile, and ProConnect Tax Online among professional accountants. The company was founded by Scott D. Cook and Thomas A. Proulx in March 1983 and is headquartered in Mountain View, CA.

Raymond James Financial, Inc. Investment Banking & Brokerage - ST. PETERSBURG, FL

More than a quarter of a century ago, Raymond James Financial Services, Inc. was founded with the mission to help our clients achieve their financial goals and dreams. We accomplish this through a comprehensive review of our clients’ investment objectives, combined with a conservative, long-term approach to asset allocation and a selection of superior financial products and services. It is this commitment to excellence that has made Raymond James Financial Services one of the nation’s premier investment management firms

H&R Block, Inc. Accounting & Financial Services - Kansas City, Missouri

H&R Block, Inc. engages in the provision of tax preparation and other services. It offers assisted and do-it-yourself tax return preparation solutions through multiple channels and distribute the H&R block-branded financial products and services, including those of its financial partners, to the general public primarily in the United States, Canada, and Australia. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955 and is headquartered in Kansas City, MO.

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