Copernic
 | This article needs additional citations for verification. (April 2012) |
 | |
| Company type | Subsidiary of Constellation Software (TSX: CSU) |
|---|---|
| Industry | Computer software |
| Founded | July 31, 1996 Quebec City, Quebec, Canada |
| Founder | Martin Bouchard & Eric Bouchard |
| Headquarters | 1 Antares Drive Suite 400 Ottawa, Ontario, Canada K2E 8C4 |
Area served | Worldwide |
| Products | Copernic Desktop Search, Copernic Desktop Search Enterprise, Copernic Search Server |
| Services | myCopernic Copernic Online Backup |
Number of employees | 10 |
| Website | www |
Copernic Inc. is a company based in Ottawa, Ontario, Canada, specializing in desktop metasearch engine technology for information on the World Wide Web. They also provide home and business software products for desktop, web and mobile users through their web sites.
History
Mamma.com was launched in July 1996 by Herman Tumurcuoglu in Montreal, Canada.[1] It was one of the web's first tier 2 metasearch engines.
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.[2]
On June 8, 2007, Mamma.com Inc. changed its name to Copernic Inc., received a new stock symbol CNIC,[3] (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.[4]
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.[5]
On November 4, 2010, Copernic entered into an arrangement agreement with N. Harris Computer Corporation, a wholly owned subsidiary of Constellation Software Inc. [6]
References
- ^ "Copernic Inc". Canada Business Directory. Archived from the original on 2012-03-31. Retrieved 2015-10-11.
- ^ "Mamma.Com Inc. Acquires Copernic for $15.9 Million & 2.38 Million Common Shares". Copernic. 2005-12-22. Retrieved 2007-09-07.
- ^ Yahoo! Finance
- ^ "SEC charges Mark Cuban with Insider Trading".
- ^ "Close of Sale of Copernic Search Assets to Empresario".
- ^ "csisoftware.com" (PDF). Archived from the original (PDF) on 2011-10-07. Retrieved 2011-03-30.