Intelius moving forward with $143 Million dollar IPO

 Naveen Jain is back in the saddle again. You would know this name as the leader of the high flyer Infospace back in the day. They will become listed on the Nasdaq under the ticker INTL.

You have a proven leader in the market place but then you end up with a foot fault when it comes to his background which if you Google around a bit you will find out some of Naveens past that may become an issue at one point. I do like this company but I will say to any investor his past may cause some turmoil.

The company has been profitable and with a quarter left to go in 2007 they have already put up revenue numbers that exceed $60 Million. One thing I like about this service based company is the low cost to startup and low running capital to keep it moving. All Intelius is an interface to places or many places at once that you do not care to go dig up. They also have links into some places you may not get but in the end it is a portal that snags information and publishes it to you.

Mix the non-complicated aspects of this business along with the fact that consumers are very willing to pay to get access to information along with businesses that need to do background checks amongst other things and you can clearly see why on paper the idea is a success.

Given they have no back end issues, keep the interface clean and deliver what they promised I do not see how this company could lose money. I guess with poor management any company could go south but with the amount of revenue they can generate with a low overhead day to day operations center this could be a winner all the way around.

Intelius is in the 2 month quiet period right now so you will not be hearing to much about the IPO from them.

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