Angi Inc. – The Largest Marketplace And Review Service Of America.
Before the internet era, one would only get to know about things through radio or TV. But the most reliable source of information used to be the word of mouth. But this type of information system, despite being the most accurate and reliable, did not have the reach. One could only provide information about a particular, topic like a sort of home decor service or the service of a hospital, etc., to people they knew. Though there used to be directories like Yellow pages and ads in the newspaper that would help to an extent, with limited reach and were the static approach. The arrival of the internet and the fact that it is accessible to all has helped companies like Angi. Angi is an online platform that facilitates review services on a broad spectrum of things to help people analyze what would suit their particular needs. Angi Inc. is as reliable a platform as mouth-to-mouth marketing has been, just with a broader reach. It is an internet content and information platform and one of the largest home service websites in America where people can put or read reviews on local businesses and contractors.
About The Company
Angi Inc. previously known as ANGI Homeservices Inc. is a publically traded home service website for putting and viewing reviews about nearby businesses and contractors. The company was founded in 1995 and trades on Nasdaq as ANGI. William S. Oesterle and Angie Hicks are the founders of Angi, and IAC is the current owner of the company. The platform provides an online marketplace for businesses and offers review services to people. Angi’s corporate headquarters is based in Denver, Colorado. As of 2019, 4500 people are working for Angi, and it made annual revenues worth US$1.132 billion in the same year. Angi and HomeAdvisor are its major subsidiaries.
Founding Angi Inc.
The idea behind Angi’s founding came up to Angie Hicks when he was looking for some reliable construction contractor for his boss William S. Oesterle in the suburban Columbus, Ohio in 1995. The search resulted in Hicks joining Oesterle to start a call-in service in Columbus for its natives, where they could rate a certain home or lawn care service. For that, Hicks went door-to-door and asked people to sign up for reviewing local contractors. In a year in Columbus, Hicks was able to recruit 1000 members and also raised money for the new business.
In 1996, the founder acquired Unified Neighbors a company providing similar review services. In 2012, the company name was changed to HomeAdvisor, and it made acquisitions like Werkspot (2013) and MyHammer (2016). In 2010, the company raised $25 million in capital to operate its other wing, Angie’s List. Angi went public on the NASDAQ exchange in 2011. In 2014, the company opened another branch of Werkspot.nl in Italy. The year 2015 noted the most growth for the company, as the recorded annual revenues for the year was $300 million.
The next year, Angi made its Angie’s List a freemium service having over 10 million reviews over it for free. The platform provided additional services on the paid subscription for the same. In October 2017, IAC acquired Angi and merged Angie’s List and HomeAdvisor into one. The new company was renamed ANGI Homeservices. Another name change for Angie’s List and ANGI Homeservices took place in 2021. The former was renamed Angi, and the latter now is known as Angi Inc.
The CEO At Angi Inc.
Oisin Hanrahan is the current Chief Executive Officer of Angi Inc. He went to the Harvard Business School and earned a Master of Business Administration. He has also got a master’s in Finance from the London School of Economics as well as a Business, Economics, and Social Sciences degree, which he received from Trinity College Dublin.
Hanrahan is a well-known entrepreneur, as he has founded companies like MiCandidate and Clearwater Group. He has also co-founded The Undergraduate Awards. He joined Angi in 2018 when one of his founded companies was acquired by Angi. Before becoming the CEO of Angi, he served the company as the CPO (Chief Product Officer). In February 2021, Hanrahan was named the CEO of Angi Inc.
Yashica is a Software Engineer turned Content Writer, who loves to write on social causes and expertise in writing technical stuff. She loves to watch movies and explore new places. She believes that you need to live once before you die. So experimenting with her life and career choices, she is trying to live her life to the fullest.