Red Ventures Acquires Allconnect for Undisclosed Sum

Red Ventures, a digital consumer choice platform, announced that it has acquired Allconnect. Financial terms of the deal were not disclosed.

Founded in 1998, Allconnect offers consumers a convenient single source to compare and connect integrated media, broadband, home protection, energy, and green products. The company helps utility and energy companies acquire customers, increase revenue, and generate higher customer satisfaction. It is headquartered in Atlanta, GA, with offices in Lexington, KY and St. George, UT.                                 

Prior to the exit, Allconnect had raised $84.35 million in funding from investors including Maveron, Nth Power, and Southeast Interactive Technology Funds.