Blucora, Inc. is a leading provider of technology-enabled financial solutions for consumers, small business owners and tax professionals. Through our operating companies, TaxAct and HD Vest, we provide leading products in tax preparation and wealth advisory services and help millions of individuals manage their financial lives.
Blucora has more than 500 employees located primarily in Bellevue, WA, Irving, Texas and Cedar Rapids, Iowa. Blucora is led by experienced management teams with deep expertise in their respective markets.
Blucora began in 1996 under the name Infospace, Inc. and over the next two decades operated a number of digital businesses in search, directory, online commerce and mobile infrastructure markets.
In 2012, Infospace, Inc. acquired TaxAct, Inc., a leading provider of digital tax preparation solutions for individuals, business owners and tax professionals. In connection with this acquisition, the Company rebranded under the name Blucora, Inc.
With a mission to empower people to navigate the complexities of tax preparation with ease and accuracy at a fair price, TaxAct is a top U.S. provider of online tax preparation solutions and has assisted more than 60 million e-filed federal returns. With more than 5.5 million individual customers and more than 19,500 professional tax preparers servicing an additional 1.5 million filers, TaxAct is widely recognized as the leading value provider in the digital-do-it-yourself tax preparation industry.
Blucora remained acquisitive and in August 2013 purchased the e-commerce business Monoprice, Inc., a provider of more than 6,500 high-quality yet affordable electronics and tech products.
In October 2015 the company announced the acquisition of HD Vest Financial Services, the largest U.S. tax-professional-oriented independent broker-dealer providing wealth management solutions to financial advisors nationwide. Founded in 1983, HD Vest Financial Services supports more than 4,500 registered financial representatives, and manages $36 billion in assets for more than 360,000 individuals, families and small businesses in all 50 states. HD Vest maintains a tenured advisor base with an average of more than 10 years with the company and 20 years of total tax preparation experience.
In connection with the HD Vest acquisition, Blucora announced plans to consolidate operations around TaxAct and HD Vest, divest InfoSpace and Monoprice in separate ongoing processes and begin its transformation to a more strategically focused Company. Blucora completed the first step of its transformation to a leading provider of technology-enabled financial solutions to consumers, small businesses and tax professionals, by completing the sale of Infospace in August 2016.
The newly formed Blucora brings together HD Vest and TaxACT and represents a substantial expanded addressable market for both companies. Blucora provides access to comprehensive financial advice and technology-enabled solutions to millions of Americans providing greater opportunities for long-term financial well-being.