TheDirectory founder and CEO Scott Gallagher commented, "We're very excited to announce this partnership with Yola. We've spent more than a year looking for the right partner with regards to offering our clients access to a high quality self-serve site builder. The Yola site builder gives users access to complete 24/7 control of their online business backed by industry leading support and technology. Yola has over 8 million users; they host over 50 million web pages and the site builder is available in 6 languages. So as you can tell we've selected the right partner." Gallagher continued, "As I mentioned on my conference call earlier this week when we announced the partnership with Yext, partnerships will play an important role in the future growth of our Company. Local listings management and the ability for a business to have complete control of their website are probably the two most important areas for us to have high quality technology partners. Many millions have gone into development of both of these great products."
Yola will offer its website builder technology to clients of TheDirectory. Additionally, the Company announced that it has retained Amy Trombly of Trombly Business Law to serve as its securities counsel.
TheDirectory, Inc. ( SEEK) an emerging leader in the Local search space, today announced that it has engaged New Jersey based financial advisory firm Gibraltar Advisors to assist the Company in the area of mergers and acquisitions, corporate financing and deal structuring.
TheDirectory Founder and Chief Executive Officer Scott Gallagher commented, "As outlined last week in my letter to the stockholders, we're entering a new growth phase for our Company that's based on our Build/Buy/Partner strategy. This strategy is partially based on our ability to acquire a potential acquisition candidate and integrate their business seamlessly and expeditiously into TheDirectory. We can accomplish this principally because our recoded and redesigned platform allows us to easily facilitate the additional revenues and also because our portfolio of over 1,000 domain names which would cost millions to replicate, cover some of the most important categories in the Local search space. For example, we own the TLD (top level domain) Our Chiropractor website, the keyword "Chiropractor" alone is worth millions of dollars each and every month on PPC networks like Google AdWords and others. We've hired Gibraltar Advisors to assist us in structuring a roll-up strategy and to communicate our value proposition to Wall Street banks and to potential acquisition candidates. Gibraltar brings over 100 years of collective market knowledge and experience to the table."
Gallagher continued, "We've already identified several potential acquisition opportunities that would grow our top line in the millions while being immediately accretive to earnings. The key to closing these types of transactions lies in having a quality long term funding partner. We've been very impressed by the quality of the firms Gibraltar has already introduced us to in regards to acquisition financing.