Feeds

USwitch calls in advisors to prep sale

Or maybe an IPO

Secure remote control for conventional and virtual desktops

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.®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
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.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
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.