A snip at £20 million!

It would appear that BT is keen to expand its BT Directories business. Ufindus  currently has a huge number of customers - 20,000+ small and medium-sized business customers and around 1.9 millionlistings in its online directory. In addition, Ufindus offers its services through three directories: SmileLocal, MoreUK and Ufindus. On top of thie, it also runs more than 100 niche directories and provides website design services.

Lancaster based Ufindus had reported revenues of £14m in the year to 31 March, 2007 - that actually looks like a real bargain for BT.

Ufindus is expected to play a key role in the development of BT Directories’s online service offering.

“Through Ufindus’s considerable expertise and experience in online classified advertising, we access further local classified product offerings, significant search traffic and new customers for this fast-growing part of our business.” said David Benjamin, the chief executive of BT Directories.

Interesting news, I’m off to play a game of ‘Monopoly’!

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