|
Waterfront Media buys Netramind
The publisher of EverydayHealth has purchased
online marketing specialist Netramind to boost its visitor count.
By Amanda Fung
June 6, 2008
Waterfront Media Inc., the publisher of EverydayHealth, has acquired
search marketing company Netramind to help it overtake rival WebMD
as the nation’s leading health information site.
Santa Clara, Calif.-based Netramind specializes in online marketing,
helping Web publishers increase traffic to their sites by optimizing
the use of search engines like Google and Yahoo.
"Netramind is a great addition," said Ben Wolin, Waterfront Media’s
co-founder and chief executive. "We bought the company for its
people and technology."
Terms of the deal were not disclosed.
Brooklyn-based Waterfront Media will use Netramind’s technology
to boost its results when consumers use the Internet for health
information searches. It has an ambitious goal—to make EverydayHealth
the No. 1 online health destination in the United States. With
14 million monthly unique visitors, it currently trails WebMD by
about 5 million a month.
The site is in already in growth mode, and Mr. Wolin hopes the
Netramind acquisition will continue that trend. Traffic to EverydayHealth
quadrupled in 2007, compared with 2006, according to comScore Media
Metrics.
Waterfront Media will also use Netramind’s technology to increase
traffic to its network of 20 health-related Web properties which
include SouthBeachDiet and WhattoExpect, a pregnancy and parenting
site based on the bestselling book.
Waterfront Media needs to keep pushing for growth. The market
for health Web sites has become crowded with several new entrants
such as Time Inc.’s Health.com and AOL co-founder Steve Case’s
Revolution Health. Hundreds of other sites are vying for eyeballs
and advertising dollars.
Netramind, a 25-man shop that was founded in 2003, has an office
in Mumbai, India. The company will be integrated into Waterfront
Media, which will gain its first physical presence outside of New
York City via the deal.
Last month, Waterfront Media snagged a high-profile About.com
executive, Marjorie Martin, to lead EverydayHealth and its other
health sites. It also named Doug McCormick, former iVillage chief
executive and partner of one of its venture investors, Rho Capital
Partners, as chairman of the board. Waterfront Media has raised
$37 million in venture funding since it was founded in 2002.
Netramind is Waterfront Media’s second acquisition. Last year,
the company bought My-Calorie-Count.com, an interactive tool that
helps users track their calorie intake, to further enhance its
offerings.

|