Bankrate and Move, Inc. Announce Expanded Business Relationship
SAN JOSE, Calif., Nov. 5, 2013 /PRNewswire/ -- Bankrate, Inc. (NYSE: RATE) and Move, Inc., the leader in online real estate, (NASDAQ: MOVE) announced today that they have agreed to a strategic, multi-year expansion of their longstanding alliance. Users can now access mortgage rate tables by way of realtor.com® mobile apps, providing a comprehensive user experience for potential home buyers who need current and reliable information about mortgage offerings based on location.
"We have seen a lot of success with the mortgage tools offered by Bankrate and we're proud to expand these tools across our mobile platform. The expansion of our business relationship, which began in 2007, not only provides new opportunities for revenue growth, but gives us the ability to develop more comprehensive tools in the future," said Steve Berkowitz, CEO of Move. "Extending the length of our agreement demonstrates the value of this alliance, as well as our expectations for future success."
As a result of the agreement, Bankrate's mortgage rate tables are now accessible on realtor.com® mobile and are more easily accessible across Move websites. Consumers who access the mortgage rate tables on their mobile devices are now routed to a new, mobile-optimized experience. In addition to mortgage and home equity rates, the alliance will soon offer Move's audience access to comparison rates, tools and content for other important financial products, such as homeowners insurance and credit cards.
"Move has been a trusted Bankrate affiliate for many years. By increasing our reach among the high-quality, in-market realtor.com® audience on both desktop and mobile we're further solidifying our leadership position in the personal finance industry and delivering on our mission to empower consumers to make better financial decisions," said Mike Ricciardelli, senior vice president, Business Development and Consumer Marketing, Bankrate.
About Bankrate, Inc.
Bankrate is a leading publisher, aggregator, and distributor of personal finance content on the Internet. Bankrate provides consumers with proprietary, fully researched, comprehensive, independent and objective personal finance editorial content across multiple vertical categories including mortgages, deposits, insurance, credit cards, and other categories, such as retirement, automobile loans, and taxes. The Bankrate network includes Bankrate.com, our flagship website, and other owned and operated personal finance websites, including CreditCards.com, Interest.com, Bankaholic.com, Mortgage-calc.com, CreditCardGuide.com, Nationwide Card Services, InsuranceQuotes.com, CarInsuranceQuotes.com, InsureMe, Bankrate.com.cn, CreditCards.ca, NetQuote.com, and CD.com. Bankrate aggregates rate information from over 4,800 institutions on more than 300 financial products. With coverage of nearly 600 local markets in all 50 U.S. states, Bankrate generates over 172,000 distinct rate tables capturing on average over three million pieces of information daily. Bankrate develops and provides web services to over 80 co-branded websites with online partners, including some of the most trusted and frequently visited personal finance sites on the Internet such as Yahoo!, AOL, CNBC, and Bloomberg. In addition, Bankrate licenses editorial content to over 500 newspapers on a daily basis including The Wall Street Journal, USA Today, The New York Times, The Los Angeles Times, and The Boston Globe.
About Move, Inc.
Move, Inc. (NASDAQ: MOVE), the leader in online real estate, operates realtor.com®, the official website of the National Association of REALTORS®; Move.com, a leading destination for new homes and rental listings, moving, home and garden, and home finance; ListHub™, the leading syndicator of real estate listings; Moving.com™; SeniorHousingNet; SocialBios; Doorsteps®; TigerLead®; and Top Producer® Systems. Move, Inc. is based in San Jose, California.
SOURCE Move, Inc.