Move, Inc. (MOVE) Acquires TigerLead Solutions; Guides Higher for Q3/FY12 Revenues

Move, Inc. (NASDAQ: MOVE) announced the acquisition of TigerLead Solutions, LLC, a lead generation and lead management system for real estate professionals. The acquisition of TigerLead extends Move's lead generation product set and enables Move to deliver a complete suite of end-to-end solutions to help real estate professionals connect with consumers and grow their businesses.

Move, Inc. is making the following adjustments to its previous guidance:

For the third quarter 2012, the company is increasing its revenue guidance and currently expects revenue to be in the range of $49 million to $49.5 million with an adjusted EBITDA margin of approximately 14%. (Q2 revenue consensus is $48.83M)

For the full year 2012, the company is increasing its revenue guidance and currently expects revenue to be in the range of $197 million to $199 million, with an adjusted EBITDA margin of approximately 14%. (FY12 rev consensus is $196.14M)

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