Copernic

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Copernic, a division of N. Harris Computer Corporation
Subsidiary of Constellation Software Inc. (TSXCSU)
Industry Computer software
Founded July 31, 1996; 21 years ago (1996-07-31)
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 Copernic.com

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[edit]

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[edit]

External links[edit]