Internet Software and Services
Company Overview of IAC Search & Media, Inc.
IAC Search & Media, Inc. operates a question and answer site. It also provides mobile applications for iOS and Android devices. IAC Search & Media, Inc. was formerly known as Ask Jeeves, Inc. The company was founded in 1996 and is based in Oakland, California. As of March 21, 2005, IAC Search & Media, Inc. operates as a subsidiary of IAC/InterActiveCorp.
555 12th Street
Oakland, CA 94607
Founded in 1996
Key Executives for IAC Search & Media, Inc.
Senior Vice President of Financial Planning and Analysis
Compensation as of Fiscal Year 2013.
IAC Search & Media, Inc. Key Developments
Vringo, Inc. Announces District Court Ruling on its Wholly-Owned Subsidiary I/P Engine, Inc
Aug 16 13
Vringo, Inc. announced the District Court has issued a ruling on its wholly-owned subsidiary I/P Engine, Inc.'s Motion for an award of Post-Judgment Royalties in its litigation against AOL, Inc., Google, Inc., IAC Search & Media, Inc., Gannett Company, Inc., and Target Corporation. In the Order, the District Court found that I/P Engine is entitled to an award of a post-judgment royalty, and that additional discovery and briefing is necessary to determine the precise amount of the royalty.
Perion Network Ltd. Enters into Three Year Non-Exclusive Search and Distribution Relationship with IAC Search & Media, Inc
May 8 13
Perion Network Ltd. announced it has entered into a three year non-exclusive search and distribution relationship with IAC Search & Media, Inc. (Ask.com). By partnering with Ask.com, period will be able to offer its users Ask's unique, customized search experience and applications. Ask provides general search services as well as direct answers to natural language questions to more than 100 million global users. It's also a demonstrated leader in delivering customized search solutions to leading software companies worldwide.
Vringo Announces Rulings on Post-Trial Motions in I/P Engine Vs. AOL, Inc. and Other Companies
Apr 3 13
Vringo, Inc. announced that the Court has ruled on post-trial motions in its wholly-owned subsidiary I/P Engine, Inc.'s litigation against AOL, Inc., Google, Inc., IAC Search & Media, Inc., Gannett Company, Inc., and Target Corporation. This summary is qualified in its entirety by the Court's rulings. the Court ordered Defendants to respond to I/P Engine's Motion for Post-Judgment Royalties within fifteen (15) days. I/P Engine will be permitted to file a reply to Defendants' response within seven (7) days, at which point, the motion will be ripe for judicial determination. I/P Engine presented evidence at trial that the appropriate way to determine the incremental royalty base attributable to Google's infringement was to calculate 20.9% of Google's U.S. AdWords revenue, then apply a 3.5% running royalty rate to that base. I/P Engine has requested that the Court order Defendants to pay ongoing running royalties for their continuing infringement of I/P Engine's patents from November 20, 2013, the date of the entry of final judgment, until either (i) Defendants cease their infringement or (ii) April 4, 2016, the expiration date of the patents. I/P Engine argued that the Court should conclude that an upward adjustment to a 5% running royalty rate for Defendants' ongoing post-judgment infringement is appropriate. I/P Engine's damages expert, Dr. Stephen Becker, also reached the conclusion that there is no reason to depart downward from the 5% royalty rate because the patents are known to be valid and the patented technology is acknowledged to be "mission critical" for Google. Further, I/P Engine argued that Defendants' ongoing infringement is undisputedly willful because Defendants are fully aware that their use of AdWords has been adjudged to infringe all of the asserted claims of the valid and enforceable patents-in-suit. Therefore, I/P Engine requested that the Court enhance the ongoing royalty rate to 7% in light of Defendants' ongoing willful infringement. Finally, I/P Engine requested that this Court order that, among other things, Defendants pay ongoing royalties to I/P Engine on a quarterly basis in certified funds or by wire transfer, accompanied by a statement certifying, under penalty of perjury, the U.S. revenue attributable to Defendants' use of AdWords and the calculation of the royalty amount.
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