InfoSpace and Yahoo! Renew and Extend Search Agreement
InfoSpace, Inc. (Nasdaq:INSP), a leading developer of proprietary metasearch technologies, today announced that it has extended its multi-year agreement with Yahoo! Inc. This agreement allows InfoSpace to continue to deliver web search results and text-based advertising listings from Yahoo!, to its network of metasearch properties and affiliates.
InfoSpace leverages its unique metasearch technology to power a portfolio of branded Web sites such as Dogpile (www.dogpile.com), WebCrawler (www.webcrawler.com), MetaCrawler (www.metacrawler.com) and WebFetch.com (www.webfetch.com) and provide private-label search services. This metasearch technology allows InfoSpace to aggregate, filter and prioritize results while exploiting the power of multiple algorithm types offered by single search engines.
“Extending our partnership with Yahoo! demonstrates our continued commitment to deliver the most powerful metasearch experience,” said Jim Voelker, Chairman and CEO of InfoSpace. “Today’s consumers want to be assured they are getting the most comprehensive and relevant results, and we go a step further by bringing them together in one place.”
“Yahoo!’s unique partnership with InfoSpace provides an important opportunity for us to help connect advertisers with online audiences that use metasearch for their searching needs,” said Dean Stackel, Senior Vice President Business Development for Corporate Partnerships. “This partnership is a key component of our broader strategy to enable advertisers to efficiently reach highly targeted — and therefore highly valuable — categories of Internet users.
About InfoSpace Online
InfoSpace, Inc. is a leading developer of tools and technologies to help people discover and enjoy content and information – whether on a mobile phone or on the PC. InfoSpace uses its proprietary metasearch technology to power a portfolio of branded Web sites, including Dogpile (www.dogpile.com) and WebFetch (www.webfetch.com). The company’s mCore mobile platform creates revenue opportunities for carriers, while satisfying consumer demand for a highly relevant mobile user experience. More information can be found at www.infospaceinc.com.
This release contains forward-looking statements regarding the Company’s services agreement with Yahoo!, Inc. and its metasearch technology. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect InfoSpace’s actual results include actual performance under the Company’s services agreement with Yahoo!, the progress and costs of the development of our products and services, and the timing and extent of market acceptance of those products and services, including our metasearch products and services. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in InfoSpace’s Annual Report on Form 10-K and quarterly reports on form 10Q as filed from time to time, in the section entitled “Risk Factors.” Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. InfoSpace undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.