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TODAY'S OTHER NEWS

ZPG's latest £80m acquisition - it's the Money comparison website

ZPG - which already owns and operates Zoopla, PrimeLocation, Hometrack and the price comparison website uSwitch - has acquired the financial services comparison site Money. 

Established in 2008, Money allows consumers to compare deals from over 600 providers across more than 60 product categories including mortgages, loans, credit cards, bank accounts and insurance. Money already gets over two million visits per month.

Money generated revenues of £24.7m in the year ended October 31 2016.

An announcement from ZPG says its acquisition is a core part of its strategy “to offer the widest range of relevant products across its platforms and is an ideal fit, with both businesses focussed on empowering consumers to make better-informed property and home-related decisions.”

ZPG says the combination of uSwitch and Money “will allow consumers to benefit from the best-in-class products across all ZPG's platforms which attract over 50m visits per month with over 10m registered users.”

Money has a team of over 50 staff operating out of Cirencester. Following completion, Money will continue to operate as a standalone brand and platform, headed up by founder and chief executive Chris Morling.

“We have developed a strong brand and loyal following and are looking forward to the next phase of our growth. ZPG has led the way as an innovative digital consumer champion and we are looking forward to helping even more consumers make better-informed decisions as part of ZPG" says Morling.

"Adding Money, one of the UK's leading financial services comparison websites, to our existing brand portfolio will further enhance our product capabilities and consumer engagement across both our comparison and property platforms" says Zoopla founder and chief executive Alex Chesterman.

Just a week ago ZPG acquired Ravensworth, a major provider of print and creative marketing services to estate and letting agents. Ravensworth, based in Northumberland, specialises in providing integrated print marketing to over 4,500 agent branches.

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