NORFOLK, Va., Sept. 21 /PRNewswire/ -- Dominion Enterprises, a leading media and information services company, said today that it will acquire ADVANCED ACCESS, Anaheim, Calif., for an undisclosed cash purchase price.
With nearly 30,000 customers, ADVANCED ACCESS is the leading provider of web design, Internet marketing and hosting services for real estate professionals in the United States. The company has annualized revenue of approximately $15 million and employs 130 people in Orange County.
"Today's acquisition adds another significant piece to Dominion's array of real estate marketing services," said CEO Conrad Hall. "With ADVANCED ACCESS' clients, we now provide print and Internet advertising and marketing services to over 145,000 real estate customers nationwide."
Dominion's existing real estate Internet businesses include: Homes.com, a homes-for-sale portal and web services provider; Best Image Marketing/NUMBER1EXPERT, the premier provider of Internet marketing services to top-producing real estate agents; Katabat, a leading website and lead management provider for brokers; and HarmonHomes.com. In addition to these Internet businesses, Dominion Enterprises is the largest publisher of free distribution residential real estate magazines including Harmon Homes, Homes Solutions, New Homes & Living, and Distinctive Homes.
"Adding ADVANCED ACCESS to the family of services that we provide today -- from classified and display print, to portal listings to web site hosting, data distribution, lead management, and paid and organic search marketing -- uniquely positions us to serve real estate professionals in ways that no other company can," said Peter Ill, vice president and general manager of Dominion's Internet real estate properties. "We are delighted to welcome ADVANCED ACCESS to the Dominion family."
ADVANCED ACCESS President Justin Davis and the current management team will all stay in place as Dominion looks to continue building on ADVANCED's industry leading reputation.
"Since being founded in 1985 by John and Jerra Morris, our mission has always been to provide state-of-the-art web products for the real estate industry and to back them up with superior service," said Davis. "We are excited to combine our family of customers with the resources and breadth of Dominion to build even better products and set new standards of service."
About ADVANCED ACCESS
ADVANCED ACCESS is the country's leader in web site development; web hosting, e-mail and Internet marketing for Real Estate professionals. Serving the Real Estate industry since 1985, the firm currently works with thousands of clients nationwide including real estate salespeople, brokerages, MLS Associations, and mortgage brokers of all sizes.
The firm is designated as an affinity partner, endorsed provider, or preferred provider of web site design, hosting, and Internet marketing to more than 400,000 REALTORS(R) nationwide through its Affinity partnerships. They are also currently affiliated with numerous state realtor associations nationwide.
For more information on ADVANCED ACCESS, please visit http://www.AdvancedAccess.com.
About Dominion Enterprises
Dominion Enterprises, headquartered in Norfolk, Va., is a leading media and information services company serving employment, real estate, recreation, and industrial markets in the United States. The company has 503 paid and free magazine titles such as For Rent, Harmon Homes, The Employment Guide, Boat Trader, Cycle Trader and RV Trader with a combined weekly circulation of nearly 6 million; over 40 market-leading websites such as ForRent.com, HarmonHomes.com, Homes.com, and Traderonline.com reaching over 8 million monthly visitors; data capture and distribution businesses such as Dealer Specialties; and web services businesses across all the company's industry categories. The company has 6,600 employees nationwide and estimated 2006 annual revenue of $850 million. For more information on Dominion Enterprises, visit http://www.dominionenterprises.com
Source: Dominion Enterprises