Myhome.ie takes control of address siteFriday 26 January 2007 20.56
Property website Myhome.ie has bought a majority stake in Newaddress.ie for €1m.
Newaddress.ie is a new site, due to become available this summer, which aims to help house movers to notify companies of their change of address.
The company says the service has been highly successful in the UK, US, New Zealand and Canada. It says businesses subscribing to the service will eliminate returned bills and deliver better customer service.
Newaddress.ie, which was set up in 2004 and operates from south Dublin, has already signed up companies such as Vodafone, Superquinn, the Irish Blood Transfusion Service and Statoil.
Myhome.ie chief executive Jim Miley said the service was 'an ideal fit', adding that it was Myhome.ie's first strategic investment.