Intersections Inc. (NASDAQ: INTX), a leading provider of identity risk management and privacy protection services for consumers, today announced that it sold its wholly-owned subsidiary i4C Innovations LLC to a newly-formed entity of which Michael R. Stanfield, Intersections' Chairman and Founder, will be a minority investor, effective July 31, 2017. i4C Innovations LLC conducted the Company's Pet Health Monitoring Business known as Voyce. The sale of i4C Innovations LLC completes the Company's previously announced intentions of divesting non-core businesses and directing its resources toward identity and privacy protection services. Earlier this year, the Company sold its Bail Bonds Industry Solutions business and Habits at Work insurance consulting business as part of this initiative.
"I am very pleased to have completed our divestiture program which was critical in connection with our strategy to focus solely on identity and privacy protection services through our Identity Guard®with Watson™ and other brands," said Johan Roets, Intersections' Chief Executive Officer. "We are very excited about the progress our Identity Guard business has made to grow our customer base and expand our product offerings."
About Intersections Inc.:
Intersections Inc. (NASDAQ: INTX) provides innovative, information-based solutions that help consumers manage risks and make better informed life decisions. Under its IDENTITY GUARD® brand and other brands, the company helps consumers monitor, manage and protect against the risks associated with their identities and personal information. Headquartered in Chantilly, Virginia, the company was founded in 1996. To learn more, visit www.intersections.com.