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Information about Lycos

Lycos logo
Enlarge picture
A screenshot of Lycos.com
Subsidiary
Founded1994
HeadquartersWaltham, Massachusetts, United States
IndustryInternet
ProductsSearch Engine and Web Portal
Revenue $ UNKNOWN
Employees72 in US (2007)
Parent Daum Communications
WebsiteLycos Search Home


Lycos is a search engine and web portal centered around broadband entertainment content. It began as a search engine research project by Dr. Michael Loren Mauldin of Carnegie Mellon University in 1994. It was incorporated in 1995 and went on to become one of the most visited online destinations in the world with a global presence in more than 40 countries. Lycos merged with Terra Networks of Spain in May of 2000, forming a new company, Terra Lycos, creating one of the world's largest Internet companies. In Oct. 2004, Lycos was sold a second time to Daum Communications Corporation, the 2nd largest Internet portal in Korea, becoming Lycos, Inc. Lycos remains a top 25 Internet destination in the US, and the 13th largest online property worldwide according to comScore Media Metrix. Lycos also remains a top 5 Internet portal, behind Yahoo, MSN, AOL and MySpace (comScore Media Metrix).

Introduction

Shortly after the development of the search engine, Lycos, Inc. was formed with approximately $2M in venture capital funding from CMGI. The Founder and CEO of Lycos from inception was Bob Davis, a native of Boston who incorporated the company in Massachusetts and concentrated on building it into an advertising-supported Web Portal. Lycos grew from a crowded field in 1995 to become the most visited web portal in the world in the spring of 1999.

In 1996, the company had a successful IPO and in 1997 became one of the first profitable internet businesses in the world. Over the course of the next several years Lycos acquired nearly two dozen high profile internet brands including Tripod, Gamesville, WhoWhere, Wired Digital, Quote.com, Angelfire, and Raging Bull.

Lycos Europe was a joint venture between Bertelsmann and Lycos, but has always been a distinct corporate entity. Although Lycos Europe is the largest of the overseas ventures, several other companies also entered into joint venture agreements, including Lycos Canada, Lycos Korea, and Lycos Asia.

Near the peak of the internet bubble in May of 2000 Lycos announced its intent to be acquired by Terra Networks, S.A., the internet arm of the Spanish telecommunications giant, Telefonica, for $5.4 billion. However, by this time the business had peaked and Lycos was being eclipsed by other search giants such as Yahoo, Ask, and Google. The acquisition price represented a nearly 3,000 times return on the initial venture capital investment in Lycos and about 20 times its initial public offering valuation. The transaction closed in October of 2000. The merged company was renamed Terra Lycos yet the Lycos brand was the US franchise. Overseas, the company continued to be known as Terra Networks, S.A. Davis left the company shortly after the merger was completed to join Highland Capital Partners, a premier venture capital fund, where he now serves as a Managing General partner and concentrates on internet investments.

In August 2, 2004, Terra announced that it was selling Lycos to Seoul, South Korea-based Daum Communications Corporation for $95.4 million in cash, less than 1% of Terra's initial $12.5 billion investment. In October 2004, the transaction closed, and the company name was changed back to Lycos, Inc.[1] The remaining Terra half of the business was subsequently reacquired by Telefónica.

Under new ownership, Lycos began to refocus its strategy in 2005, moving away from a search-centric portal, toward a community destination for broadband entertainment content. With a new management team in place, Lycos also began divesting in properties that were not core to its new strategy. In July 2006, Wired News, which had been part of Lycos since the purchase of Wired Digital in 1998, was sold to Conde Nast and re-merged with Wired Magazine. The Lycos Finance division, best known for Quote.com and Raging Bull.com, was sold to FT Interactive Data Corporation in February 2006, while its online dating site Matchmaker.com was sold to Date.com. In 2006, Lycos also regained ownership of the Lycos trademark from Carnegie Mellon University, becoming Lycos, Inc. once again.

During much of 2006, Lycos focused on introducing first-to-market products and services including the launch of Lycos Phone, the Internet's first free VoIP integrated communication platform, combining IM, video chat, real-time video on demand and MP3 Player. In August, 2006, Lycos also released its new Lycos Mail product, an industry-defining email system built for sending and receiving mega files, including unlimited size file attachments for video, music and photos. In Nov. 2006, Lycos began to roll out Web 2.0 applications centered around social media, including the Web's first watch & chat video application, with the launch of its Lycos Cinema platform. In Feb. 2007, the second iteration of its watch & chat proprietary technology launched with Lycos MIX, a tool allowing users to pull video clips from YouTube, Google Video, Yahoo Video and MySpace Video, creating playlists where other users can add video, comments and chat in real-time.

Lycos Network sites

Lycos-branded sites

Former Lycos sites

References

1. ^ Korean Daum Acquires Lycos U.S.. Lycos (2004-10-06). Retrieved on 2007-01-25.

External links

A subsidiary, in business, is an entity that is controlled by another entity. The controlled entity is called a company, corporation, or limited liability company, and the controlling entity is called its parent (or the parent company).
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Waltham, Massachusetts
Waltham on the banks of the Charles River
Nickname: The Watch City
Location in Middlesex County in Massachusetts
Coordinates:
Country United States
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Motto
"In God We Trust"   (since 1956)
"E Pluribus Unum"   ("From Many, One"; Latin, traditional)
Anthem
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Internet is a worldwide, publicly accessible series of interconnected computer networks that transmit data by packet switching using the standard Internet Protocol (IP). It is a "network of networks" that consists of millions of smaller domestic, academic, business, and government
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Aspinwall Classification System (Leo Aspinwall, 1958) classifies and rates products based on five variables:
  1. Replacement rate (How frequently is the product repurchased?)
  2. Gross margin (How much profit is obtained from each product?)

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search engine is an information retrieval system designed to help find information stored on a computer system. Search engines help to minimize the time required to find information and the amount of information which must be consulted, akin to other techniques for managing
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web portal is a site that functions as a point of access to information on the World Wide Web. Portals present information from diverse sources in a unified way. Popular portals are MSN, Yahoo, and AOL.
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A holding company is a company that owns part, all, or a majority of other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself, rather its only
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Daum Communications Corp.

Public (KOSDAQ: 035720 )
Founded February 12 1995

Location Seoul, South Korea
Key people Lee, Jae Woong, (Founder & CEO)
Seok, Jong Hoon (CEO)
Industry Internet
Products DaumCafe, Hanmail.
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A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN.
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search engine is an information retrieval system designed to help find information stored on a computer system. Search engines help to minimize the time required to find information and the amount of information which must be consulted, akin to other techniques for managing
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Michael "Fuzzy" L. Mauldin was the founder of the Lycos Web Search Engine company. He developed the Lycos Search Engine while working on the Informedia Digital Library project at Carnegie Mellon University.

He received his bachelor's degree from Rice University in 1981.
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Carnegie Mellon University is a private research university in Pittsburgh, Pennsylvania, United States. It began as the Carnegie Technical Schools, founded by Andrew Carnegie in 1900. In 1912, the school became Carnegie Institute of Technology and began granting four-year degrees.
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Terra Networks, S.A.

? (NASDAQ:TRLY)
Founded 1999
Headquarters Spain

Industry Internet
Products Web Portal Internet Service Provider Search Engine
Revenue € ? billion (2006)
Operating income € ? billion (2006)
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Daum Communications Corp.

Public (KOSDAQ: 035720 )
Founded February 12 1995

Location Seoul, South Korea
Key people Lee, Jae Woong, (Founder & CEO)
Seok, Jong Hoon (CEO)
Industry Internet
Products DaumCafe, Hanmail.
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Venture capital is a type of private equity capital typically provided by professional, outside investors to new, growth businesses. Generally made as cash in exchange for shares in the investee company, venture capital investments are usually high risk, but offer the potential
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CMGI Inc.

Public (NASDAQ:  CMGI )
Founded , Delaware, 1986
Headquarters Waltham, Massachusetts, USA

Key people Joseph Lawler, Chairman & CEO
Industry Internet services, Software, Venture capital
Revenue $1,148.
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Commonwealth of Massachusetts

Flag of Massachusetts Seal
''Nickname(s): Bay State State Bird = Black-capped Chickadee''
''Motto(s): Ense petit placidam sub libertate quietem (Latin: By the sword she seeks peace under liberty)''


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web portal is a site that functions as a point of access to information on the World Wide Web. Portals present information from diverse sources in a unified way. Popular portals are MSN, Yahoo, and AOL.
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Gamesville

Subsidiary of Lycos
Founded 1996
Headquarters Waltham, MA, United States

Industry Online Games Developer/Portal
Products Various, visit website for full product listing.
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Wired News is an online technology news website, formerly known as HotWired, that split off from Wired magazine when the magazine was purchased by Condé Nast Publishing in the 1990s. Condé Nast later purchased Wired News on 2006-07-11.
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