Future plc the global platform for specialist media, announces completion of the acquisition of GoCo Group plc (“GoCo”), a data-enabled and tech-led business focused on innovation.
GoCo has been a disrupter of the UK insurance market since 2006 using their proprietary technology platform, SaveStackTM, to save consumers time and money by comparing insurance products.
The acquisition will further strengthen Future’s global growth ambition by:
- Extending our price comparison eCommerce capabilities beyond products and into services
- Adding financial services as a new content vertical
As part of the acquisition we are also delighted to welcome the GoCo team to Future, including Alan Burns (former CFO of GoCo), Alex Currie (Chief People Officer of GoCo) and Lee Griffin (CEO of GoCompare) who will further strengthen the management team.
Zillah Byng-Thorne, Future’s Chief Executive said: “Price comparison for services is a natural complement in our strategy to enhance and expand our eCommerce proposition and monetisation opportunities beyond product purchase. I am therefore delighted we have now completed the acquisition of GoCo, which we are confident will create substantial value for shareholders.”