Mamma.com Inc. Plans to Acquire Copernic Technologies Inc

Mamma.com and Copernic Technologies have announced that the Mamma.com has signed a letter of intent whereby Mamma.com will acquire all of the shares of Copernic Technologies for a combination of cash and shares of Mamma.com

“This significant transaction will result in a company which is at the forefront of the Internet Search industry and a stronger provider of integrated on-line marketing services,” said Guy Fauré, President and CEO of Mamma.com Inc., “As a result of the combination, Mamma intends to reach both web-based and desktop-based search users, utilizing Copernic’s award winning desktop search (CDS) product.” Copernic recently received the Editor’s Choice award from CNET. Fauré also noted, “The synergy between Mamma’s search network and Copernic’s Agent user base will significantly increase our ability to reach a much broader demographic for our advertisers.”