Mamma Looks to Seal Deal with Copernic

  |  August 18, 2005   |  Comments

Mamma.com resumes stalled talks to acquire the desktop search provider.

The on-again, off-again courtship of desktop search player Copernic by Mamma.com is on once more.

The Montreal-based search marketing provider first announced plans to acquire Copernic in November. Following an SEC investigation and a precipitous drop in Mamma's stock price, Copernic backed out of the deal in April, just a month before it was expected to close.

"Based on further due diligence, we are now confident that Mamma.com is a strong and very well managed company. We are positive about closing this transaction which will create a new organization capable of competing with the best of breed in the search engine sector of the Internet," Martin Bouchard, executive chairman of Copernic Technologies, said in a statement.

Terms of the stock and cash deals, either what's on the table now or was last year, weren't disclosed. If the current letter of intent reaches the purchase agreement stage, the deal is expected to close by late September.

"We believe the obvious synergies between both organizations will result in a company that is at the forefront of the search and on-line marketing industry. As our previous discussions resulted in a significant amount of due diligence being completed, we expect that a short update will be sufficient to move to a closing within a relatively brief time frame," said Guy Faure, president and CEO of Mamma.com.

Mamma.com runs a meta-search engine, a paid search listings network and a pay-per-click ad network. Copernic, which offers an ad-supported version of its desktop search tool, would add that technology and distribution network to the firm. It also would bring Mamma an alliance with America Online.

AOL began offering users a beta version of Copernic-powered desktop search in December 2004, officially announcing a license deal in January. The two companies said they'd cooperate to incorporate Copernic desktop search technology in AOL Search so users could search for information online or in files on the hard drive with one application.

ClickZ Live Chicago Join the Industry's Leading eCommerce & Direct Marketing Experts in Chicago
ClickZ Live Chicago (Nov 3-6) will deliver over 50 sessions across 4 days and 10 individual tracks, including Data-Driven Marketing, Social, Mobile, Display, Search and Email. Check out the full agenda and register by Friday, Oct 3 to take advantage of Early Bird Rates!

ABOUT THE AUTHOR

Kevin Newcomb

Kevin Newcomb joined ClickZ in August 2004, covering search marketing and other online marketing topics. He has been reporting on web-based businesses since 2000.

Before the bubble burst, Kevin was a marketing manager for an online computer reseller, handling copywriting, e-mail marketing, search marketing and running the affiliate program.

With a combination of real-world marketing experience and years of business journalism, Kevin brings to ClickZ a unique ability to deliver news and training materials that help online marketers do their jobs better.

COMMENTSCommenting policy

comments powered by Disqus

ClickZ Today is our #1 newsletter.
Get a daily dose of digital marketing.

COMMENTS

UPCOMING EVENTS

Featured White Papers

IBM: Social Analytics - The Science Behind Social Media Marketing

IBM Social Analytics: The Science Behind Social Media Marketing
80% of internet users say they prefer to connect with brands via Facebook. 65% of social media users say they use it to learn more about brands, products and services. Learn about how to find more about customers' attitudes, preferences and buying habits from what they say on social media channels.

An Introduction to Marketing Attribution: Selecting the Right Model for Search, Display & Social Advertising

An Introduction to Marketing Attribution: Selecting the Right Model for Search, Display & Social Advertising
If you're considering implementing a marketing attribution model to measure and optimize your programs, this paper is a great introduction. It also includes real-life tips from marketers who have successfully implemented attribution in their organizations.

Jobs

    • Tier 1 Support Specialist
      Tier 1 Support Specialist (Agora Inc.) - BaltimoreThis position requires a highly motivated and multifaceted individual to contribute to and be...
    • Recent Grads: Customer Service Representative
      Recent Grads: Customer Service Representative (Agora Financial) - BaltimoreAgora Financial, one of the nation's largest independent publishers...
    • Managing Editor
      Managing Editor (Common Sense Publishing) - BaltimoreWE’RE HIRING: WE NEED AN AMAZING EDITOR TO POLISH WORLD-CLASS CONTENT   The Palm...