ANGI CEO: Indy 'Big Part' of Future
The chief executive officer of Colorado-based ANGI Homeservices Inc. (Nasdaq: ANGI) says Indianapolis will play a key role in driving the digital marketplace toward the scope and scale of other IAC (Nasdaq: IAC) properties like Match.com and Expedia.com. Following the release of ANGI Homeservices' first full-quarter earnings report as its own business, Chris Terrill says all of the consolidation and reorganization efforts related to Angie's List in Indianapolis are complete and the company is poised for growth.
In an interview with Inside INdiana Business, Terrill says he's excited about the future in the city. "Angie's List has been a seminal Internet company with a huge presence there and, despite some of the sort of financial challenges of the last couple of years, I truly believe now that we've got everything aligned and right-sized that we can grow the asset and grow Angie's List over time," he said. "We will be a big part of the Indianapolis business community, we'll be a big part of the sort of downtown tech scene, and I expect us to be there for a long time, to be a growing business and to be a company that's hiring the best talents locally."
The merger, valued at around $500 million, was completed in October. Soon after, the company announced plans to sell the more than 17-acre Angie's List campus on the Indianapolis east side. A spokesperson for the company tells Inside INdiana Business the company can't discuss details of the sales process, but says plans to relocate to a new Indianapolis headquarters at 130 E. Washington Street in downtown Indianapolis will take place "in the near future." No employees are currently housed at the new site. In September, it said some 230 positions would be cut as a result of the combination of the one-time competitors. The company says it won't disclose the current Angie's List headcount, but that its is "committed to keeping Angie’s List a major player in the Indy tech scene."