Intersections divests Pet Health Monitoring Business
Intersections announced that it sold its wholly-owned subsidiary i4C Innovations LLC to a newly-formed entity of which Michael R. Stanfield, Intersections' Chairman and Founder, will be a minority investor, effective July 31, 2017. i4C Innovations LLC conducted the Company's Pet Health Monitoring Business known as Voyce. The sale of i4C Innovations LLC completes the Company's previously announced intentions of divesting non-core businesses and directing its resources toward identity and privacy protection services. Earlier this year, the Company sold its Bail Bonds Industry Solutions business and Habits at Work insurance consulting business as part of this initiative. The terms of the transaction were approved by the independent directors of the Board of Directors and required the consent of the company's lender. The sale of Voyce will mark the conclusion of all Intersections' operations in its Pet Health Monitoring reporting segment.