HomeAdvisor

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HomeAdvisor
Subsidiary
Industry Local Home Services
Founded 1999
Founder Rodney Rice, Michael Beaudoin
Headquarters Golden, Colorado
Key people
 Chris Terrill,
CEO
Products Home Improvement Marketplace
Number of employees
 1,500
Parent IAC
Website www.homeadvisor.com

HomeAdvisor is a website that lists pre-screened and customer-rated service professionals.[1] The website also has tools, products, and resources for home improvement, maintenance, and repair. HomeAdvisor is a subsidiary of IAC.

Professionals in the HomeAdvisor network are pre-screened for criminal records, bankruptcy issues, bad reviews, sex offenses, and cases of malpractice.[2] Homeowners choose a category that matches their home improvement needs, enter their full address or adjacent cross-streets and contact information and answer three pages of questions about their project.[3]

HomeAdvisor comprehensive list of tools includes ProFinder, Pro Reviews, Cost Guide, Instant Booking and DesignMine.[4] Access to all of the site’s features is free to homeowners, with no membership fees. Additionally, the field service management software mHelpDesk helps professionals streamline their business through scheduling, managing, and invoicing tools.[5]

HomeAdvisor is headquartered in Golden, Colo. and has offices in Lenexa, KS, New York, NY, Indianapolis, IN,[6] Downtown Denver, CO [7] and Colorado Springs, CO[8] In 2014, HomeAdvisor was named one of The Denver Post’s Top Workplaces for the second year in a row and a finalist for the Colorado Technology Company of the Year award.[9][10] Built In Colorado named HomeAdvisor the largest digital tech employer in Colorado.[11]

History

HomeAdvisor, launched as Wisen.com and later as ServiceMagic.com was founded in 1998 by Rodney Rice and Michael Beaudoin who were part of the founding management team of Einstein Bros. Bagels.[12] The website was acquired by InterActiveCorp in 2004 for an unknown price, though no jobs were lost in the process.[13] Leading up to 2008, ServiceMagic matched 7 million home improvement requests by homeowners to its network of contractors and service professionals.[13]

ServiceMagic bought out a key competitor, ImproveNet, in 2005 for $6.7 million.[14]

Timeline

In January 2008, IAC/InterActiveCorp appointed Craig Smith as CEO of ServiceMagic, Inc.[15] He was the Senior Vice President of the company's Consumer Division. Co-founders Rodney Rice and Michael Beaudoin became co-chairmen and advisors. ServiceMagic remained part of the parent company when IAC split into five publicly traded companies.

In March 2008, Service Magic launched ScreenAPro,[16] which allows homeowners to screen contractors.

In October 2008, ServiceMagic US acquired the French business 123Devis.com and Travaux.com as well as UK business 123GetAQuote.co.uk, businesses founded by Jean-David Habib, to create ServiceMagic Europe. In March 2009, the UK business was rebranded ServiceMagic.co.uk.

In April 2009, Service Magic announced that it had formed a "strategic alliance" with the National Kitchen and Bath Association (NKBA) that would benefit both groups by bringing in more customers.[17]

As of 2011, ServiceMagic has more than 1,100 employees.[18]

In April 2011, Chris Terrill was hired as Chief Executive Officer.[19]

In October 2012, ServiceMagic rebranded as HomeAdvisor with Amy Matthews as their Home Improvement Expert.[1][20]

In October 2012, HomeAdvisor launched Cost Guide, a comprehensive guide to home project cost profiles encompassing hundreds of project types, providing city, state and national project costs based on 600,000 cost profiles provided by real users and Home911, a mobile app that enables users to take control of any home repair emergency by giving instant access to pre-screened service professionals and live 24/7 support with the Home911 Homeowner Emergency Line, currently available on iOS.[5]

In April 2013, it was announced that HomeAdvisor had acquired Werkspot.nl, the Netherlands’ leading online platform connecting homeowners with qualified craftsmen.[21]

In April 2013, HomeAdvisor placed 14th on the Denver Post's Top Workplaces of 2013.[22]

In December 2013, HomeAdvisor was chosen by Google to be a featured partner with Helpouts by Google.[23]

Throughout 2013, HomeAdvisor was noted for having one of the best DIY apps by Popular Mechanics[24] and being a top service for finding home improvement professionals by 5280 Magazine.[25]

In early 2014, HomeAdvisor added Leah Ingram as their finance expert.[26]

In January 2014, HomeAdvisor's Women Executive Leadership and Learning program was recognized alongside Offerpop's Ladies for Offerpop, as a program to increase female employee retention in the male-dominated technology industry.[27]

March 2014, HomeAdvisor CEO, Chris Terrill was interviewed by Built in Colorado on the topic of how HomeAdvisor operates as a website.[28]

November 2014, Built In Colorado named HomeAdvisor the largest digital tech employer in Colorado [11]

January 20, 2015, HomeAdvisor launches on-demand scheduling, Instant Booking [4]

Past names ServiceMagic (December 1998- September 2012)

Products

HomeAdvisor provides homeowner a number of tools so homeowners can tackle home improvement and repair projects. They offer products such as True Cost Guide and DesignMine. Most recently, HomeAdvisor launched Instant Booking. Instant Booking allows homeowners to instantly schedule appointments and view pricing for over 500 home repair and improvement projects.[29]

In 2016, HomeAdvisor announced integration of HomeAdvisor’s app with Amazon’s Echo,[30] Apple TV,[31] and Facebook messenger.[32] All three integrations allow homeowners to find HomeAdvisor professionals within the associated app.

Parent Company

HomeAdvisor is owned by IAC, a publicly traded company, that owns other online companies such as Urbanspoon and Vimeo among many others. In November 2015, IAC CEO Joey Levin wrote to Angie’s List, a HomeAdvisor competitor, an unsolicited offer of purchase. IAC proposed a $500 million buy out of Angie’s List. At the time, Angie’s List stock was valued at $7.92, the offer was at a 10 percent premium.[33] Upon the offer, Angie’s List stock increased to $8.77.[34] Ultimately, Angie’s List declined the offer.

In an investor call reporting the quarter ending in December 31, 2015, IAC announced that HomeAdvisor would be reporting its earning in its own IAC segment.[35] HomeAdvisor was formerly in IAC’s e-commerce segment.[36]

HomeAdvisor International

HomeAdvisor owns three subsidiaries in Europe, Travaux, Werkspot and Instapro.

Travaux.com, acquired by HomeAdvisor in 2008, is France’s leading online marketplace connecting homeowners with home improvement service providers.[37]

Werkspot, acquired by HomeAdvisor in 2013, is The Netherlands’ leading online marketplace connecting homeowners with home improvement service providers. In addition to The Netherlands, Werkspot also has a presence in an increasing number of other European countries under the name Instapro.[38]

Criticism

A couple reports have questioned the screening process of HomeAdvisor, pointing out loopholes available to contractors that have been used by criminals. Denver investigative reporter Heidi Hemmat uncovered a gap in the company’s screening process that could give consumers a false sense of security.[39]

For example, one case in Austin involved a HomeAdvisor trusted contractor that left unfinished home improvement work after taking a deposit in 2014. It was later found the contractor had been sued 17 times since 2002. A company spokesperson said the website only screens for lawsuits from the day contractors sign up for its service. The screening only goes back one year for civil judgments and it never re-screens contractors again.[40]

Senior Executives

  • Chris Terrill, CEO (Chief Executive Officer)
  • Craig Smith, President of HomeAdvisor U.S./COO (Chief Operating Officer) of HomeAdvisor International
  • Brandon Ridenour, CTO (Chief Technology Officer) & CPO (Chief Product Officer)
  • Paul Freeman, CFO (Chief Financial Officer)
  • Allison Lowrie, CMO (Chief Marketing Officer)

See also

References

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External links

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