By Daily Press staff
LowerMyBills.com®, an Experian company, has announced that Santa Monica businessman Matt Coffin, its president and founder, has been recognized as Entrepreneur of the Year for 2006 by the Software Council of Southern California. Winners of the Entrepreneur of the Year awards were selected based on sales and revenue growth, team-building skills, product innovation and fiscal resourcefulness.
Recipients of the 12th annual Software Industry Awards were announced during a gala dinner event held at the Millennium Biltmore Hotel in Los Angeles earlier this month. The Software Industry Awards recognize leaders and companies that have made extraordinary contributions to the growth of Southern California as a center for technological innovation. The awards also measure the continuing growth and influence of the software industry in Southern California, representing more than 8,000 companies and tens of thousands of talented employees. “My team and I have worked night and day since 1999 to build the business, so to be recognized by the Software Council of Southern California is a great honor for everyone at LowerMyBills.com,” Coffin said. “Having survived the dot-com shake-up and scaled the business, this recognition is very satisfying. This award is a capstone on a terrific year in which we’ve continued to build the business and sold the company to Experian for approximately $400 million.”
Coffin founded the company in 1999, raising a total of $13 million in venture capital funding. Three of the investors are Southern California based companies, including eCompanies Venture Group, Evercore Ventures and Baroda Ventures.
LowerMyBills.com, based in Santa Monica, is the only Web site where consumers can research the lowest rates on their monthly bills.
Originally published in the Santa Monica Daily Press print edition on March 30, 2006. Read the original PDF.