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CommentFriday, April 25, 2008

TheStreet.com Acquires A Stake In Geezeo

Personal finance party

It's hard to get past Geezeo's name; the personal finance site sounds like an old Italian man.  TheStreet.com, for its part, is largely dominated by lunatic Jim Cramer.  But these oddities need to be set aside for a moment, because TheStreet has acquired a sizable stake in Geezeo.

TheStreet.com
 Peter Glyman

About $1.2 million was traded for a 13 percent interest in Geezeo, according to a corporate statement.  Finance tools and social features seem to be the main things at stake, and if TheStreet likes where this leads, it's allowed to buy up the rest of the company within the next year.

Thomas J. Clarke, Jr., TheStreet's chairman and CEO, acknowledged, "Geezeo is a natural place for visitors to the individual Web sites within TheStreet.com network to connect. . . .  Geezeo brings our audience together in an interactive arena that facilitates educated financial decision making."

Peter Glyman, Geezeo's cofounder, took a more lively approach by writing "Booyah!" on the corporate blog.  He later continued, "We are totally confident that we are now partnered with the absolute best company to help us gain exposure, enhance content, and make Geezeo the very best free personal finance management site on the web."

And neither Jim Cramer nor the connotations of "Geezeo" were mentioned at all.

About the author:
Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.

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