Care.com, Inc. (NYSE:CRCM) seeks acquisitions. Care.com’s Founder, President, Chairwoman, and Chief Executive Officer, Sheila Lirio Marcelo said, “we're always looking at acquisitions and M&A, that's leverage able given the mission of the company is to serve a broad set of verticals. And so, of course, we want to look at acquisitions that we think about that could be expandable to other verticals in time. But certainly, our focus right now is to also enhance the features within child care, which continues to be our core product. With regards to overall M&A strategy, as we've shared, we're primarily focused on anything that is helping us move pre-match, match, post-match as well as our investments in Care@Work forward. And that's really been our focus area and companies that share our mission of servicing our families as well as our caregivers and corporate clients”.
Care.com, Inc. is an online marketplace for finding and managing family care. The Company has over 31.7 million members, including 18.3 million families and over 13.4 million caregivers, spanning 20 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers. It also provides caregivers with solutions to create personal profiles, describe their skills and experience, and otherwise differentiate and market themselves in a fragmented marketplace. In addition to consumer matching solutions, the Company offers its members products and services to facilitate their interaction with caregivers. It serves employers by providing access to certain of its products and services to employer-sponsored families. In addition, it serves care-related businesses, such as day care centers, nanny agencies and home care agencies, willing to market their services to its care-seeking families and recruit its caregiver members.