Canpages acquires PhoneGuide print and online directories

Canpages acquires PhoneGuide print and online directories

CANPAGES, the largest independent local search and directories publisher in Canada, announced today that it has acquired Texas-based ypOne Publishing's PhoneGuide print and online directories in Ontario.

The acquisition results in a growth of Canpages' advertising base by more than 7,000 new customers as it consolidates PhoneGuide's 19 print directories that currently serve several parts of Southern Ontario. The acquisition also means an increase in Canpages' revenues by $9.2 million.

"With the acquisition of PhoneGuide directories we are able to expand our footprint in the Ontario market which will provide greater reach for our advertisers" said Olivier Vincent, President and CEO of Canpages. "Canpages is already Canada's fastest growing local search company and the agreement speaks to our commitment to aggressively build on the company's success."

In addition to the company's print directories, Canpages has invested considerably into the development of its online local search platform - its online presence has grown from 300,000 unique visitors per month to over 3.5 million.

Canpages publishes more than 80 local telephone directories throughout Ontario, Quebec, Alberta, British Columbia, Northwest Territories and Yukon. In less than one year, Canpages has expanded its reach from 2 million to 8 million homes and businesses across the country.

The PhoneGuide acquisition represents the third major directories acquisition for the company in less than eight months and another milestone for Canpages. Market consolidation is entirely in keeping with what we have predicted at Ism in recent weeks.

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