NetworthIQ joins Strands
I’m excited to announce that NetworthIQ has been acquired by Strands. Big news today (GigoOm, TechCrunch, Center Networks, Tech Craver, The Oregonian) and we wanted to be sure to share all of the details here and be available for answering any questions you may have.
First off, let me just say thanks to all of the NetworthIQ members that have made the site such a helpful place for people to make better financial decisions. That’s ultimately what any personal financial application is aiming for and the members that have joined and stayed with us over the last few years have played a major part in that. NetworthIQ, with the help of its members has blazed a trail in social personal finance and we will continue to do so under the Strands umbrella.
What’s the plan with NetworthIQ? For the time being, NetworthIQ will run just like it is today. You may have heard that Strands is developing a new online personal finance solution called moneyStrands and also has acquired Expensr, a great free personal finance manager. I have joined the Strands team and we are in the process of planning later releases of moneyStrands that will include ideas from what we’ve done with NetworthIQ. But, you’ll be able to track, share and compare your net worth to the fullest right here still.
Why Strands? As I mentioned above, I think any personal finance application is ultimately about helping people make smarter financial decisions. Strands, with its talented team and its social personalization and recommender technology that has been in development for a few years, is in a position to really make this happen in a very powerful manner. Our shared goal will be to build innovative personal finance tools with an active community and utilize the recommendation technology to help people discover problems and opportunities in their financial lives. All along the while, we will work to make it easy, and yes, I dare say fun (sound familiar?).
As members of NetworthIQ, you’ll also get earlier access to moneyStrands as it starts to roll out in the coming months.
Feel free to contact us if you have any questions, you can leave a comment here, find us on Twitter or send us an email, contact@networthiq.com.
May 15th, 2008 at 8:31 am
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May 15th, 2008 at 7:46 pm
congratz Ryan…job well done.
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