May 22, 2013 7:01 AM ET

Internet Software and Services

Company Overview of IAC Search & Media, Inc.

Company Overview

IAC Search & Media, Inc. operates as a search engine on the web. It offers Ask for Kids, an online search tool; Bloglines, an online service for searching, subscribing, publishing, and sharing RSS feeds, blogs, and web content; and Dictionary.com, an application that provides language reference products and services on the Internet. The company also provides AskEraser, a privacy protection tool. 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

Suite 500

Oakland, CA 94607

United States

Founded in 1996

505 Employees

Phone:

510-985-7400

Fax:

510-985-7412

www.ask.com

Key Executives for IAC Search & Media, Inc.

Chief Executive Officer
Age: 43
Chief Operating Officer
Chief Strategy Officer
Senior Vice President of Financial Planning and Analysis
Chief Technology Officer
Compensation as of Fiscal Year 2012.

IAC Search & Media, Inc. Key Developments

Perion Network Ltd. Enters into Three Year Non-Exclusive Search and Distribution Relationship with IAC Search & Media, Inc

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

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.

Ask.com Appoints Susan Morrow as Vice President of Product

Ask.com announced that Susan Morrow has joined as Vice President of Product, effective immediately. With more than 20 years of product leadership from the likes of digital content brands and companies such as Reading Rainbow, Blurb, LeapFrog and Adobe, Ms. Morrow will spearhead Ask.com's product evolution from search to a multi-device, content-rich Q&A experience. Ms. Morrow will lead Ask.com's product organization in evolving the Ask.com desktop experience, with answers supplied from top-tier content partners, the company's proprietary Q&A database, expert advice from the recently acquired About.com, and users themselves. Ms. Morrow will also take the reins of the company's mobile product portfolio, which includes Ask's Q&A app. Most recently, Ms. Morrow served as chief product officer for Reading Rainbow. Prior to this, she served as vice president of content at LeapFrog. Earlier in her career, Ms. Morrow held the post of vice president of products for creative publishing platform Blurb, as well as vice president of product for all web development tools at Macromedia.

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