Answers Corp., parent of Ann Arbor's Foresee, files for bankruptcy
#Layoffs
May 29, 2013
www.globes.co.il
Answers buys SaaS co Webcollage
#Acquisition
About
Answers is a social network website that answers users' questions. It includes WikiAnswers, ReferenceAnswers, VideoAnswers, and five international language Q&A communities. The company was founded in Israel but moved its operations abroad in 2011 after being acquired by US fund Summit Partners for $127 million.
Answers came back to Israel with the acquisition of Webcollage in 2013. The Israeli startup developed an SaaS platform for managing and publishing product information to create and publish product descriptions, videos, and interactive tours through a vast network of retail ecommerce sites.