Copernic Inc. is a company based in

Ottawa Ottawa is the capital city of Canada. It is located in the southern Ontario, southern portion of the province of Ontario, at the confluence of the Ottawa River and the Rideau River. Ottawa borders Gatineau, Gatineau, Quebec, and forms the cor ...

Ontario Ontario is the southernmost Provinces and territories of Canada, province of Canada. Located in Central Canada, Ontario is the Population of Canada by province and territory, country's most populous province. As of the 2021 Canadian census, it ...

Canada Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...

, producer of Copernic Desktop Search and Copernic Server Search, desktop search software for home and business, running on

Microsoft Windows Windows is a Product lining, product line of Proprietary software, proprietary graphical user interface, graphical operating systems developed and marketed by Microsoft. It is grouped into families and subfamilies that cater to particular sec ...

. There is a free edition and paid editions with free trial.

History

Mamma.com was launched in July 1996 by Herman Tumurcuoglu in

Montreal Montreal is the List of towns in Quebec, largest city in the Provinces and territories of Canada, province of Quebec, the List of the largest municipalities in Canada by population, second-largest in Canada, and the List of North American cit ...

. 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 Quebec City is the capital city of the Provinces and territories of Canada, Canadian province of Quebec. As of July 2021, the city had a population of 549,459, and the Census Metropolitan Area (including surrounding communities) had a populati ...

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 A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced ) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandat ...

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 U.S. Securities and Exchange Commission announced that it had charged

Mark Cuban Mark Cuban (born July 31, 1958) is an American businessman and television personality. He is the former principal owner and current minority owner of the Dallas Mavericks of the National Basketball Association (NBA) and co-owner of 2929 Entertain ...

with

insider trading Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider informati ...

. 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. On November 4, 2010, Copernic entered into an arrangement agreement with N. Harris Computer Corporation, a wholly owned subsidiary of Constellation Software Inc. Support for myCopernic on the Go!, Copernic Agent web metasearch ended on January 31, 2014. Copernic Online Backup is no longer announced.

References

External links

* {{Authority control Desktop search engines Online companies of Canada Companies based in Ottawa