This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

InfoSpace Appoints Andrew M. Snyder To Board Of Directors

InfoSpace, Inc. (NASDAQ:INSP), a leading provider of metasearch solutions, today announced that it has appointed Andrew (Andy) M. Snyder, CEO of Cambridge Information Group (CIG), to its Board of Directors. In addition, Mr. Snyder will head a newly-created mergers and acquisitions committee of the Board. CIG, a family-owned management and investment firm, is currently a large shareholder and is increasing its investment to approximately 4.8 percent of the outstanding shares of InfoSpace.

“We are thrilled to add Andy to our Board, concluding a process we began in April to add a qualified shareholder to our board of directors," said John Cunningham, Chairman of the Board of InfoSpace. “As a seasoned executive with considerable M&A experience, Andy’s insights will be invaluable as we continue to look for acquisition opportunities that will help reposition the Company and unlock value for our shareholders. We look forward to working with Andy and welcome his significant investment in our future.”

Mr. Snyder said, “CIG increased its investment in InfoSpace because of its strong portfolio of assets and great potential. Given the Company’s large cash position and significant tax asset, we are aligned with the Board and management in the ability to create meaningful shareholder value through an effective acquisition strategy. I look forward to working with the entire Board and management team to help shape the Company’s future.”

CIG invests in and builds companies for long-term success. Mr. Snyder joined the company in 2003 and is responsible for oversight of its operating companies and investments. Under Mr. Snyder’s leadership, CIG has grown significantly and completed more than thirty acquisitions over the past eight years including the $200+ million acquisition of ProQuest Information and Learning. Prior to joining CIG, Mr. Snyder spent seven years at the Goldman Sachs Group, where he most recently focused on traditional media, technology and services investing for the firm’s private equity fund.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,682.43 +4.20 0.02%
S&P 500 2,057.13 +0.98 0.05%
NASDAQ 4,872.7960 +9.4340 0.19%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs