Fund.com (OTCBB: FNDM) has purchased an equity interest in Vensure Employer Services, Inc. Vensure is a professional employer organization that provides benefits and payroll administration, health and workers' compensation insurance programs, employee training and development services, and retirement plans, for small and medium sized businesses. The equity is represented by $21.9 million of participating preferred stock of Vensure.
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The company has also purchased 100% of the capital stock of Whyte Lyon Socratic, Inc. As a part of that transaction the company's president Joseph J. Bianco was named Chairman of the board of Fund.com.
About Fund.com
Fund.com through its Advisor Shares Investments LLC subsidiary is creating actively managed ETFs, such as the Dent Tactical ETF (NYSE: DENT), to take advantage of this rapidly growing ETF business. Fund.com also is an online content provider and lead generation platform for investment funds and other financial services providers. Its objective is to engage individual investors and to match their needs with interested fund product providers. The www.fund.com website is approachable to everyday investors and serves as an educational and research resource.
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