Mamma Buys Copernic

For you Copernic users: today’s Globe and Mail:

Search engine Inc. has acquired Copernic Technologies Inc. in a cash and stock deal, the company said late Thursday.

Mamma has paid $15.9-million (U.S.) and issued 2.38-million common shares of the company to acquire 100 per cent of the issued and outstanding securities of Copernic, Mamma said. The transaction closed Thursday.

Copernic had $5.9-million (U.S.) revenue in its fiscal year ended June 30, 2005. Based in Sainte-Foy, Que., it develops search and information management solutions.

Mamma, based in Montreal, is focused on providing quality information retrieval on the Internet through its search engine.

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