Blucora, Inc.

Blucora, Inc.

Blucora, Inc.

Overview
Date Founded

1996

Headquarters

10900 NE 8TH STREET, SUITE 800, BELLEVUE, WA, 98004

Type of Company

Public

Employees (Worldwide)

690

Industries

IT Consulting & Services
Management Consulting
Accounting & Financial Services
Computer Software
Internet Software & Services

Company Description

Blucora, Inc. engages in the provision of technology-enabled, tax-smart financial solutions. It operates through the Wealth Management, and Tax Preparation segments. The Wealth Management segment consists of the operations of Avantax, which provides tax-focused wealth management solutions for financial advisors, tax preparers, certified public accounting firms, and its clients. The Tax Preparation segment focuses on digital tax preparation solutions for consumers, small business owners, and tax professionals. The company was founded by Naveen Mahendra Kumar Jain in March 1996 and is headquartered in Irving, TX.

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Executives & Employees

President, Chief Executive Officer & Director

Chief Financial Officer

Chief Growth & Marketing Officer

Chief Technology Officer

Chief Legal Officer & Secretary

Chief Human Resources Officer

Chief Accounting Officer

Principal Accounting Officer

President, Taxact

President of Wealth Management

Board of Directors

Director at Bechtel Construction Operations Incorporated

Chief Operating Officer at Fiserv, Inc.

Former Head-Americas Region & Global Bank Group at Merrill Lynch & Co., Inc. (Inactive)

President, Chief Executive Officer & Director at Blucora, Inc.

Former Executive Vice President & Chief Operating Officer at Northern Trust Corporation

Former Chief Financial Officer & Executive Vice President at CIT Group, Inc.

Chief Executive Officer at Brace Industrial Group, Inc.

Chief Technology Officer & Vice President at Braintree Payment Solutions LLC

Former President & Chief Executive Officer at Posit Science Corp.

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Owners & Shareholders
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Van Berkom & Associates (VBA) manages small-cap stock portfolios for large Canadian and U.S. pension funds, corporations, foundations and high-net worth clients on a segregated basis. The firm specializes in managing portfolios of U.S. and Canadian Small-Cap Equities. They look for companies with strong management with a significant ownership position, several years of consistent growth in revenues and earnings, a clearly defined strategy for long-term growth and conservative accounting methods. VBA also looks for companies with an important franchise, a significant market share, a global reach and a unique product or service. Companies should be gaining market share in a fragmented industry. Additional financial criteria include: projected long-term EPS growth greater than 15%, high return on equity, a strong balance sheet, adequate size and strong cash flow generation. While the firm generally prefers to invest in non-cyclical industries, they may also consider investments in companies that can grow their asset base in the resource and cyclical sectors and generate a reasonable return on invested capital and shareholders' equity.VBA's research process focuses on fundamental analysis. Part of their research effort considers the economic cycle and the identification of the secular trends of the future. Most of their efforts center on the identification and analysis of individual companies that are prepared for the economic and secular trends of the future. The firm emphasizes bottom-up analysis to identify high-quality, undervalued companies.

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ClearBridge seeks to provide client accounts with long-term capital appreciation by actively selecting securities that the firm believes are trading at a discount to intrinsic value. Each strategy adheres firmly to the firm's value-driven, research intensive investment process. By adhering to a consistent, value-driven process, ClearBridge, strives to outperform its benchmarks over the long-term. ClearBridge's strategies include Value Equity and Small-Cap Core. ClearBridge's Value Equity strategy is designed for investors seeking a concentrated portfolio of primarily large-cap US securities. The firm's Small-Cap Core strategy is designed for investors seeking a concentrated portfolio of primarily small-cap US securities.

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Simcoe Capital Management Co. focuses on long/short investments in undervalued, publicly-traded, small-cap companies. The firm has significant investments in companies in the technology and communications sectors.

Recent Transactions
Details Hidden

Blucora, Inc. purchases Honkamp Krueger Financial Services, Inc.

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Wealthsimple, Inc. purchases Simpletax Software, Inc. from Blucora, Inc.

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Blucora, Inc. purchases 1st Global, Inc.

Transaction Advisors
Accountant

Advised onBlucora, Inc. purchases go2net, Inc.

Legal Advisor

Advised onBlucora, Inc. purchases go2net, Inc.

Legal Advisor

Advised onBlucora, Inc. purchases Monoprice, Inc.

Legal Advisor

Advised onBlucora, Inc. purchases Monoprice, Inc.

Legal Advisor

Advised onBlucora, Inc. purchases Honkamp Krueger Financial Services, Inc.

Associate

Advised onBlucora, Inc. purchases Honkamp Krueger Financial Services, Inc.

Advisors & Consultants
Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Legal Advisor

Head, Northwest Litigation Group at Wilson Sonsini Goodrich & Rosati PC

Clients

Google’s mission is to organize the world’s information and make it universally accessible and useful. Our company has packed a lot into a relatively young life. Since Google was founded in 1998, we’ve grown to serve hundreds of thousands of users and customers around the world. Founders Larry Page and Sergey Brin met at Stanford University in 1995. By 1996, they had built a search engine (initially called BackRub) that used links to determine the importance of individual webpages. Founded 1998 Founders Larry Page and Sergey Brin Incorporation September 4, 1998 Initial public offering (NASDAQ) August 19, 2004 Headquarters 1600 Amphitheatre Parkway Mountain View CA 94043

KeyCorp operates as bank holding company. The company operates through the following segments: Consumer Bank and Commercial Bank. The Consumer Bank segment offers deposit and investment products, personal finance and financial wellness services, lending, mortgage and home equity, student loan refinancing, credit card, treasury services, and business advisory services. The Commercial Bank segment engages in serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate, and technology The company was founded in 1958 and is headquartered in Cleveland, OH.

Yahoo!, Inc. is a global technology company, which delivers personalized, including search, content, and communications tools on the web and on mobile devices. The company provides a variety of products and services, many of them personalized, including search, content, and communications tools-all daily habits for hundreds of millions of users, on the Web and on mobile devices. The majority product offerings are available in more than 45 languages and in 60 countries, regions and territories. The company's offerings to users include, Yahoo.com is a starting point that brings together the most relevant content and functionality from across the Web, including original Yahoo! content. It offers a majority of these services free of charge to users around the world. Yahoo! Search is available free to users and often serves as the starting point from which they navigate the Internet to find and discover information that matters to them. It provides users with a free search capability, offering rich search results ranked and organized based on relevance to each user's search query. It currently offers Yahoo! Search experiences and applications across connected devices, including PCs, tablets and mobile phones. Yahoo! News provides original, premium, partner, and syndicated news via text, photos, and video to engage users with wide-ranging, up-to-the-minute coverage and analysis into topical news events. Yahoo! Sports serves one of the largest audiences of digital sports enthusiasts in the world. It is anchored by Fantasy Sports, editorial reporting, real-time scores, statistics and breaking news, coverage of the biggest global sports events, and premium college sports coverage through Rivals publisher network. Yahoo! Finance provides a comprehensive set of financial data, information, and tools that helps users make informed financial decisions. It offers mobile solutions, including dedicated Yahoo! Finance iPhone and Android applications and MarketDash for iPad. Yahoo! Entertainment and Lifestyles is a collection of properties focused on emerging trends and information in popular culture, women's issues, and media. Yahoo! omg!, Movies, TV and Music are leading destinations for celebrity gossip, movie, music, and TV premieres, and awards coverage. Yahoo Shine! is targeted to women and provides tips, features and in-depth analysis in areas such as health, fashion, careers and parenting. Yahoo! Video provides original, premium and third-party news, finance, sports, entertainment, and lifestyle video content distributed in contextually relevant experiences across the Yahoo! network. Yahoo! Video includes Yahoo! Screen, a video destination site where videos from across the Yahoo! network are aggregated and watched. Yahoo! Toolbar is a Web browser add-on that conveniently enables users to access and preview Yahoo! Properties and third-party content via applications from anywhere on the Web. In addition to bringing together personalized content and information consumed by hundreds of millions of users, it also provide communications tools to connect the world, include: Yahoo! Mail, Yahoo! Messenger, Yahoo! Groups, Yahoo! Answers, Flickr, Mobile & Emerging Products, IntoNow from Yahoo! and Connected TV, which provides a wide range of communication and social services to users and small businesses across a variety of devices and through its broadband Internet access partners enable users to organize into groups and share knowledge, common interests, and photos. Yahoo! was founded by Jerry Chih-Yuan Yang and David Filo in January 1994 and is headquartered in Sunnyvale, CA.

Key Stats and Financials As of 2019
Market Capitalization
$518M
Total Enterprise Value
$1.6B
Earnings Per Share
$0.98
Revenue
$718M
Net Profit
$48.2M
EBITDA
$125M
EBITDAMargin
17.45%
Total Debt
$402M
Total Equity
$644M
Enterprise Value Sales
2.23x
Enterprise Value EBITDAOperating
12.72x
TEVNet Income
33.31x
Debt TEV
0.25x
Three Year Compounded Annual Growth Rate Of Revenue
16.34%
Five Year Compounded Annual Growth Rate Of Revenue
4.33%
Non-Profit Donations & Grants
$1,000 - $10K
2016
$1 - $249
2015
Investments
Details Hidden
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Omnisky Corp. operates as a development stage company and has no operations. The company sold substantially all its assets to EarthLink, Inc. It has gone into bankruptcy in the U.S. Bankruptcy Court for the Northern District of California. Earlier, the company provided wireless data applications and services for use on mobile devices. It is located in San Francisco, CA.

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ON24, Inc. provides webcasting and video communications solutions. The company offers webinar-based marketing solutions that drive demand generation and customer engagement. The company was founded in 1998 by Sharat Sharan and William Ryan Bales and is headquartered in San Francisco, CA.

Investors
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Partner at Crosslink Capital, Inc.

Suppliers
Keppel Pacific Oak US REIT Trusts & Funds | Singapore, Singapore

Keppel Pacific Oak US REIT engages in the investment in a portfolio of income-producing commercial real estate assets. Its portfolio includes west coast, central, and east coast. The company was founded in 2017 and is headquartered in Singapore.

Competitors
Intuit, Inc. Computer Software - Mountain View, CA

Intuit, Inc. engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; and Strategic Partner. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses. The Consumer segment includes do-it-yourself and assisted TurboTax income tax preparation products and services. The Strategic Partner segment comprises professional tax offerings, which include Lacerte, ProSeries, ProFile, and ProConnect Tax Online among professional accountants. The company was founded by Scott D. Cook and Thomas A. Proulx in March 1983 and is headquartered in Mountain View, CA.

H&R Block, Inc. Accounting & Financial Services - Kansas City, Missouri

H&R Block, Inc. engages in the provision of tax preparation and other services. It offers assisted and do-it-yourself tax return preparation solutions through multiple channels and distribute the H&R block-branded financial products and services, including those of its financial partners, to the general public primarily in the United States, Canada, and Australia. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955 and is headquartered in Kansas City, MO.

Franchise Group, Inc. Accounting & Financial Services - Virginia Beach, Virginia

Franchise Group, Inc. is a holding company, which engages in the provision of tax return preparation and related services and products. It operates through the United States Operations and Canadian Operations segments. It offers personal and business tax preparation services, facilitates refund-based tax settlement financial products, and online tax preparation services. The company was founded by Danny Hewitt and John T. Hewitt on September 1, 1997 and is headquartered in Virginia Beach, VA.

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