InfoSpace Buys Online Tax Solutions Company TaxACT For $287.5M In Cash

Online search and SEO services company InfoSpace has acquired 2nd Story Software, the holding company for online tax solutions provider TaxACT for $287.5 million in cash, the company announced today. InfoSpace, which operates so-called 'metasearch' engines like Dogpile and metacrawler, says the acquisition is expected to close this quarter. Based in Cedar Rapids, Iowa, 2nd Story Software / TaxACT is the second largest provider of online tax solutions for individuals and businesses (after Intuit's TurboTax), with approximately 70 full-time employees.

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