Business owners who use Yahoo Small Business services may have noticed an email from Yahoo. The company recently announced that their small business program will soon be “reborn” as Luminate, and become a part of Aabaco Small Business.
Amer Akhtar, VP and Head of Yahoo Small Business says in an announcement, which appears on Luminate’s new website:
“I am excited to share with you that Yahoo Small Business, as part of Aabaco, is expected to be spun off from Yahoo later this year, and will be reborn as Luminate, from Aabaco Small Business.
“Our team has been — and will continue to be — focused on our customers, our products, and creating a smooth and seamless transition. I want to thank you for your continued business and partnership. Our top concern is your success.”
Aabaco was formerly a part of Yahoo but will soon be spun off, as Yahoo puts it, to become its own company, Aabaco Holdings Inc.
Inferring from the name, Aabaco Small Business is owned by Aabaco Holdings. As a result, customers of Yahoo Small Business will soon find themselves a part of Luminate.
Luminate says on Yahoo Small Business about the change:
“We are 100 percent committed to providing the highest level of service and solutions to help you grow your business. Plus, as a subsidiary of Aabaco after the spin-off, we’ll be investing in our infrastructure and operations to make your experience even better.”
In addition to the name change, the Terms of service and Privacy Policy is also getting an update. The company promises current customers will be receiving an email notification about the changes as well as a notification when they log in to their account.
Still, customers who decide to stay with Luminate after the changes might want to give both the Terms of Service and Privacy Policy a once-over.
No exact date was given in the announcement as to when these changes will be taking effect. But according to the updated Terms of Service and Privacy Policy, the anticipated effective date is Oct. 1, 2015.
Image: Small Business Trends
