NZZ takes over Moneyhouse
The NZZ is acquiring Itonex, the operator of the financial information platform Moneyhouse. The portal attracts over two million visitors per month. The parties have agreed not to disclose the purchase price.
The acquisition will enable the NZZ Media Group to further expand its position as a leading provider of digital business information, according to a press release issued on Monday. It will also "significantly increase" its reach in the advertising market.
Itonex AG in Rotkreuz ZG has been operating the website for commercial register and company data since 2006 and employs 22 people. The takeover by the NZZ Group opens up "important strategic perspectives", Michael Schuler, founder of Moneyhouse, is quoted in the press release. (SDA)
