Feeds

USwitch calls in advisors to prep sale

Or maybe an IPO

Choosing a cloud hosting partner with confidence

USwitch.com - the UK-based utilities comparison web site - has confirmed that the business could be up for sale after appointing financial advisors to carry out a strategic review of the business.

Reports before Christmas said that the firm - which helps punters save money on utility, and telecoms bills - had a price tag of around £100m.

Today it's emerged that as well as looking for a possible buyer, the firm is also mulling an IPO.

Said chief exec Andrew Salmon: "We are at a very early stage of working with LongAcre Partners [financial advisors] to review our strategic options for the business, ranging from finding a strategic partner to an IPO - and we are also in the market for acquisitions. The key is timing."

Free for consumers to use, uSwitch.com enables punters to compare different utility services - such as gas, electricity, home phone, broadband providers and personal finance products - to get the best deal and claims the average saving for customers switching home phone is £120.

LongAcre Partners - the firm hired by USwitch.com - recently advised Friends Reunited in its strategic review that led to the sale of the business to ITV for £120m.®

Beginner's guide to SSL certificates

Whitepapers

Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.