RealTime IT News

A Deal in the Search Space

Internet software and application services company InfoSpace Inc. signed a deal with Ask Jeeves Web Properties, a division of natural language search operation Ask Jeeves Inc. to include Click Popularity Search InfoSpace's metasearch products.

Bellevue, Wash.-based InfoSpace Inc. offers metasearch products that simultaneously search multiple search engines to gather and display the most relevant results. InfoSpace products power search results at Dogpile and MetaCrawler, as well as the Excite.com portal, among other sites.

"Ask Jeeves' search technologies bring additional relevant results and useful tools to our metasearch solutions..." said York Baur, InfoSpace executive vice president for wireline and broadband. Financial arrangements were not disclosed.

Emeryville, Calif.-based Ask Jeeves offers a Click Popularity Search tool that aggregates and organizes online content by tracking the products, services and information people seek, the amount of time they spend at various Web sites, and how frequently they return. This information is then used in a ranking algorithm to further refine the results displayed.

The company's Related Search is a tool used in connection with a user's primary search. The Related Search tool offers suggestions to broaden or narrow a search.

On Monday, InfoSpace raised its guidance and said it expects first-quarter revenue of about $31 million, with a pro forma per share loss of 2 cents to 3 cents a share. Previously, the company had expected revenue of about $28 million and a per share loss of between 3 cents and 4 cents a share.

For 2001, InfoSpace revenues fell 25 percent to $161.9 million. Net loss before accounting changes rose 77 percent to $495.6 million. The company has never made any money. Ask Jeeves reported its first profitable quarter at the end of last year, making 3 cents a share.