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IAC Stays Competitive Due to a Division You've Probably Never Heard of

November 9, 2017
BY Inc. - Jeremy Goldman

IAC, the leading media and Internet company, is for the most part made up of widely known consumer brands like Vimeo, Dotdash (formerly About.com), The Daily Beast, Investopedia, and Dictionary.com. It also includes ANGI Homeservices Inc., which operates HomeAdvisor and Angie's List, not to mention Match Group's online dating properties (Match, Tinder, OkCupid, and PlentyOfFish).

While that's a lot of consumer-facing brands, every successful company needs a solid workhorse that makes substantial contributions without making headlines, and IAC has that in its Applications group. Sometimes, the amount of press you get isn't correlated with the amount of money you contribute to the bottom line. That's certainly true of IAC Applications; while it's little known outside of its parent company, it is the largest single EBITDA contributor within IAC. In many ways, IAC Applications is the powerful backend engine of IAC.

Continue reading the original article at Inc..

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