Hitwise founders get online marketing firm Ansearch back on track
Listed online marketing firm Ansearch expects to return to profitability in 2008-09 after its unaudited accounts for 2007-08 showed a 49% jump in revenue to $12.3 million.
Chief executive David Burden says the company, which provides services including web development, search engine marketing and optimisation and also runs web advertising and search divisions, has been heavily restructured in the last 10 months.
There has been a
raft of management and board changes, unviable projects have been
cancelled, a cost reduction program has been implemented and about 20%
of its workforce has been slashed.
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