Exec: Angie's List Can Return to Growth

Posted: Updated:
(L-R) VP Bill Lilegdon, CPO Brandon Ridenour, CTO Ryan Sullivan, Co-Founder Angie Hicks, VP Chris Navta, VP Chris Campbell, COO Craig Smith (L-R) VP Bill Lilegdon, CPO Brandon Ridenour, CTO Ryan Sullivan, Co-Founder Angie Hicks, VP Chris Navta, VP Chris Campbell, COO Craig Smith
INDIANAPOLIS -

As Angie's List employees continue to move into their new downtown headquarters, a HomeAdvisor executive is confident it can become "a growth company again." Chief Product Officer Brandon Ridenour says, while the trend started late, consumers are making a "huge migration" from word-of-mouth to online references for home services. Colorado-based HomeAdvisor completed the acquisition of Angie's List last year to create ANGI Homeservices Inc. (Nasdaq: ANGI), and Ridenour says the company is making "very large investments" to make sure it can capitalize on that shift.

Ridenour, who was in town for a TechPoint event, says the move to the new space on E. Washington St. should be complete by next month. He says the new headquarters shows a long-term commitment to Indianapolis and will provide "phenomenal collaboration space" for employees. Angie's list will occupy four floors of the building, as well as the roof terrace at the top of the building.

When the acquisition was originally announced in May of 2017, it was valued at up to $500 million. Angie's List has been a long-time beacon of the state's growing tech scene and Angie Hicks last month was named 2017 Trailblazer Award winner for the annual Mira Awards by the state's high tech initiative, TechPoint. Ridenour says he knows how important the Angie's List brand is to Indianapolis, and says the company wants to continue to "perpetuate the legacy it has developed."

In February, ANGI Homeservices Chief Executive Officer Chris Terrill said Indianapolis would play a key role in driving the digital marketplace toward the scope and sale of other properties of parent company IAC (Nasdaq: IAC) like Match.com and Expedia.com.

In March, a group of investors, many with previous ties to Angie's list, closed on the acquisition of the company's former corporate campus, with the idea of creating a creative "playground."

  • Perspectives

    • States Can Foster Job Growth if Lifelong Learning is at Play

      The worlds of work and learning are merging in powerful ways, driven by the exponential growth in human knowledge. This means the abilities needed in the workplace go beyond simple “job skills” that can be learned quickly through a short-term training program. I was with Montana Gov. Steve Bullock when he released the newest National Governors Association report, “Governor’s Action Guide to Achieving Good Jobs for All Americans,” at the opening session...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • UPDATE: Nestl√© Details Fort Wayne Layoffs

      Virginia-based Nestlé USA says only 40 employees will be laid off at the company's Fort Wayne distribution center. A spokesperson for Nestlé tells Inside INdiana Business a WARN Notice filed with the state incorrectly stated the facility would close at the end of the year, affecting nearly 70 workers.

    • Fort Wayne Tops 'Hottest Real Estate Markets'

      Fort Wayne just opened its brand new riverfront Promenade Park to pomp and pageantry, hoping to make it a draw to Indiana’s second largest city. But now the Allen County community has something else to celebrate. The editors of Realtor.com declared Fort Wayne as the hottest real estate market in July for the entire country. 

    • Scott Kleine is one of the senior interns at Idea Co-op. (photo courtesy of NineStar Connect)

      Senior Interns Shining at Greenfield Coworking Space

      Wednesday was National Senior Citizen Day and three seniors are being celebrated for their contributions at a coworking space in Hancock County. Idea Co-op, which officially opened its doors earlier this year, has taken on three "senior interns" following a chance encounter at a local Kiwanis meeting in December. Jill Snyder, director of economic and business development for Idea Co-op operator NineStar Connect, says the men approached her with the goal of being involved in...

    • (Image courtesy of Horseshoe Casino Hammond.)

      Indiana Casinos to Begin Sports Betting

      A pair of northwest Indiana casinos will soon add sports wagering to their offerings. Horseshoe Hammond Casino and Ameristar Casino East Chicago are both set to open sports betting areas at their respective casinos ahead of the kickoff to the 2019 NFL season.

    • (photo courtesy of Purdue University)

      Purdue Researchers Land $4.3M NSF Grant

      Purdue University researchers have been awarded a three-year, $4.3 million grant from the National Science Foundation. The funding will support what Purdue calls the “modernization” of data on disease-spreading parasites.