Bellevue-based Blucora is acquiring Monoprice, an online store that sells self-branded consumer electronics and accessories, for $180 million.
Blucora, which used to be called InfoSpace, now operates online search business InfoSpace and tax-preparation software company TaxACT.
“We are pleased to welcome Monoprice to the Blucora portfolio,” William Ruckelshaus, president and CEO of Blucora, said in a news release. “Monoprice is a disruptive participant in large markets for electronics and tech accessories where purchasing is rapidly moving online.”
Monoprice, which is perhaps best known for selling discount cables, sells its products at prices lower than that of famous brand names by “leveraging direct sourcing relationships and selling them directly” online, according to the Blucora news release.
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In May, Monoprice resolved a legal dispute that had arisen when audio-system maker Klipsch accused it of selling a speaker system nearly identical to one of Klipsch’s, according to CNET.
Monoprice, based in Rancho Cucamonga, Calif., had revenue of $131.1 million for its fiscal year ending June 30, according to Blucora.
On Thursday, Blucora also announced earnings results for its second quarter, which ended June 30.
It had revenue of $117.2 million, up 16 percent year-over-year, beating analysts’ estimates. It posted earnings per share of 20 cents on profit of $8.4 million, down 13 percent.
Shares closed at $21.42, up 7 percent.
Janet I. Tu: 206-464-2272 or email@example.com. On Twitter @janettu.