iSelect (company)
 | |
| Type | Public |
|---|---|
| Founded | 2000 |
| Headquarters | Melbourne, Australia |
| Area served | Australia |
| Founder(s) |
Damien Michael Trevor Waller, (Co-Founder); |
| Chairman | Chris Knoblanche[1][2] |
| Key people |
Scott Wilson, (CEO)[3][4][5] |
| Industry | Insurance, household utilities, financial services |
| Services | Insurance, household utilities, and financial comparisons |
| Employees | 501 - 1000 |
| Website | http://www.iselect.com.au/ |
| Alexa rank |
 69,594 (September 2015)[6] |
iSelect Limited (also known as iSelect) is an Australian online comparison company that operates in the health, car insurance, household utilities, and financial industries.[7] iSelect (listed on the Australian Stock Exchange as ISU:AU) was co-founded in 2000 by Damien Michael Trevor Waller and David Urpani and currently headquartered in Cheltenham, Victoria.[8][9]
Company profile
iSelect is an online comparison service that compares insurance, household utilities and personal finance products. The Company operates in two segments: health and car insurance, household utilities and financial services. The first segment offers comparison and referral services across private health insurance and car insurance categories while the second segment and the financial component offer comparison and referral services across a range of household utilities and personal financial products. The iSelect group manages iSelect and InfoChoice and a team of hundreds of Australian-based distant advisors. iSelect employs more than 500 persons including seven executives in its leadership team and 23 managers.[10][4] In particular, BRW Rich Lister Shaun Bonett, was one of the iSelect original investors, directors and Chairman of nominations and remuneration committees. [11]
History
The list below details iSelect's history in the insurance and financial industry.[12]
- 2000: Damien Waller and David Urpani launched iSelect.[13]
- 2004: iSelect recorded its first profit.
- 2005: iSelect launched its first television and radio advertising campaign.
- 2006:
- 2007: iSelect launched its life business unit.
- 2009: iSelect launched its car business unit.
- 2011:
- Spectrum acquired substantial shareholding (10 %, $30.2 million) in iSelect.[16]
- Health business unit recorded over 66 000 sales.
- iSelect launched its home loans and broadband business units.
- iSelect completed acquisition of InfoChoice.
- iSelect moved its headquarters to Cheltenham, Victoria.
- 2012:
- iSelect Health business unit recorded over 100000 sales.
- iSelect launched it Energy business unit.
- 2013:
- iSelect completed its Initial public offering (IPO) in June.[17][18]
- Qantas Airways Limited partenered with iSelect for frequent flyer program in October.
- 2014:
- 2015:
Acquisitions and investments
As iSelect profits increased over time,[23] it expanded into other cities,[24] and also acquired and invested in several notable local and international corporations as described in the table below.
| Date | Company | Business | Deal size | References |
|---|---|---|---|---|
| May 2011 | InfoChoice | Home loans | $33.5 million | [25][26] |
| May 2014 | Energy Watch | Energy management | AU$10 million | [27][28] |
| Sept. 2014 | iMoney Group | Financial services | $23.5 million | [29][30] |
Ranking
According to third-party web analytics providers, Alexa and SimilarWeb, iSelect.com.au is ranked 1,264th and 229th (category finance-insurance) in Australia respectively, as of September 2015.[31][32] SimilarWeb considers iSelect's Website among the most visited insurance websites in Australia with an average following of more than 200 000 visitors per month.[32][33]
References
- ↑ Jessica Gardner (21 May 2015). "iSelect taps former Citi banker Chris Knoblanche as chairman". The Sydney Morning Herald. Retrieved 6 September 2015.
- ↑ Insurance News editors (25 May 2015). "iSelect taps former Citi banker Chris Knoblanche as chairman". Insurance News. Retrieved 6 September 2015.
- 1 2 3 4 "Our Leadership Team". iSelect. Retrieved 10 September 2015.
- 1 2 3 4 The Wall Street Journal editors. "iSelect Ltd.". The Wall Street Journal. Retrieved 11 September 2015.
- 1 2 "iSelect changes CEO, gets a takeover offer and its shares take off". Business Insider. 13 October 2015. Retrieved 10 September 2015.
- ↑ "iSelect.com.au : Site overview".
- ↑ John Conroy (27 August 2015). "iSelect to weigh dividend start". Retrieved 6 September 2015.
- ↑ Australian Stock Exchange editors. "iSelect". Australian Stock Exchange. Retrieved 6 September 2015.
- ↑ Gillian Tan (24 June 2013). "iSelect Makes Muted Debut in Australia after Microsoft Exits". The Wall Street Journal. Retrieved 8 September 2015.
- ↑ Reuters editors. "iSelect Ltd (ISU.AX)". Reuters. Retrieved 11 September 2015.
- ↑ investsmart editors. "iSelect Limited (ISU)". investsmart. Retrieved 10 September 2015.
- ↑ iSelect. "Our history". iSelect. Retrieved 10 September 2015.
- ↑ Anthony Sibillin (22 January 2009). "The politics of choice". The Australian Financial Review. Retrieved 14 September 2015.
- ↑ PRWeb editors (13 April 2006). "Ninemsn Chooses iSelect". PRWeb. Retrieved 14 September 2015.
- ↑ Anthony Macdonald (4 April 2013). "Nine subsidiary may hold on to iSelect". The Australian Financial Review. Retrieved 10 September 2015.
- ↑ Spectrum Equity editors (24 March 2011). "iSelect Receives Investment from Spectrum Equity". Spectrum Equity. Retrieved 10 September 2015.
- ↑ Financial Review editors (13 May 2013). "iSelect IPO worth up to $511m: Credit Suisse". The Australian Financial Review. Retrieved 10 September 2015.
- ↑ Brian Robins, Madeleine Heffernan (24 June 2013). "iSelect listing proves a disappointment". The Sydney Morning Herald. Retrieved 10 September 2015.
- ↑ Jessica Gardner (4 June 2014). "iSelect names former banker Paul McCarthy as CFO". The Australian Financial Review. Retrieved 14 September 2015.
- ↑ Reuters editors (18 September 2014). "Paradice Investment Management Pty Ltd becomes initial substantial shareholder of iSelect Limited". Reuters. Retrieved 10 September 2015.
- ↑ Spectrum Equity editors (28 April 2015). "HBF Joins iSelect Health Insurance Panel". Spectrum Equity. Retrieved 10 September 2015.
- ↑ Reuters editors (13 May 2013). "iSelect Limited announces chairman change.". Reuters. Retrieved 10 September 2015.
- ↑ Jessica Gardner (26 February 2015). "iSelect underlying net profit up 27% to $5.4 million". The Canberra Times. Retrieved 14 September 2015.
- ↑ Brian Feldt (18 April 2014). "iSelect set to invest, expand into other cities". St. Louis Business Journal. Retrieved 6 September 2015.
- ↑ Wendy Mock and Shelley Smith (16 September 2011). "iSelect Obtains Loan From Goldman Sachs to Back InfoChoice Bid". Bloomberg. Retrieved 14 September 2015.
- ↑ John Durie (16 May 2011). "InfoChoice acquisition boosts iSelect profile in web sector". The Australian. Retrieved 6 September 2015.
- ↑ ABN Newswire (30 May 2014). "iSelect Ltd (ASX:ISU) To Acquire Energy Watch". Yahoo Finance. Retrieved 6 September 2015.
- ↑ Reuters editors (1 July 2014). "iSelect Ltd completes acquisition of Energy Watch". Reuters. Retrieved 14 September 2015.
- ↑ The Star (Malaysia) editors (25 September 2014). "Australia-listed iSelect invests RM13mil in Malaysia’s iMoney Group". The Star (Malaysia).
- ↑ Tan May Lee, Octavian Marinescu (30 May 2014). "iMoney secures RM13m in investment from iSelect". iMoney Group. Retrieved 10 September 2015.
- ↑ Alexa editors. "iSelect.com.au Site Overview". Alexa. Retrieved 8 September 2015.
- 1 2 SimilarWeb editors. "iSelect.com.au - Category overview". SimilarWeb. Retrieved 8 September 2015.
- ↑ SimilarWeb editors. "iSelect.com.au". SimilarWeb. Retrieved 30 July 2015.