Copernic

Copernic Inc. is a company based in Quebec, Canada specializing in web search technology. They also provide home and business software products for desktop, web and mobile users through their web sites.

History

Mamma.com was launched in 1996 by Herman Tumurcuoglu in Montreal, Canada. It was one of the web's first tier 2 metasearch engines.^{[citation needed]}

Copernic Technologies Inc. was incorporated In July, 1996, under the name Agents Technology Inc.

On December 22, 2005, Mamma.com completed its acquisition of "Copernic Technologies Inc.", a search technology company founded in July 1996 in Quebec City and maker of the desktop search utility Copernic Desktop Search. In the preceding fiscal year Copernic had a revenue of about $5.9 million and an EBITDA of about $1.8 million; Mamma.com paid $15.9 million and issued 2,380,000 common shares.

On June 8, 2007, Mamma.com Inc. changed its name to Copernic Inc., received a new stock symbol (CNIC, effective June 14, 2007), and launched its new corporate website.

On November 17, 2008, the Securities and Exchange Commission announced that it had charged Mark Cuban with insider trading. It was alleged that he directed his broker to sell his entire 600,000 shares of stock in the company to avoid losses in excess of $750,000 based on insider information.

On June 30, 2009, Copernic completed the sale of Mamma.com and its third party Ad Net to Empresario, a privately owned digital media network based in Chicago Illinois. Transaction took place as planned by the two companies and will allow Copernic to reflect the details in their Q2 report. The company proceeded to this sale in order to focus the company on new product offers.

Products

Copernic Agent is a commercial metasearch utility for the Microsoft Windows family operating systems. There are three versions of Copernic Agent available, each offering a variety of features. The Basic version is a light version, with a little less features than the Personal and Professional versions, and is free for Non-commercial use. It includes non-intrusive advertisement in order to keep it free. It currently offers 90 sources separated into 10 categories, each covering a different type of information.

External links

• Copernic web site