Lycos is sold to an Indian company, for $36M

It was one of the poster boy for the Internet boom of the mid-1990s, Lycos Inc. today was sold for $36 million. Lycos was a search engine and web portal that was established in 1994. In 1996, the company completed the fastest IPO from inception to offering in NASDAQ history. In 1997, it became one of the first profitable internet businesses in the world. It also encompasses a network of email, webhosting, social networking, and entertainment websites.

In 2001, the Waltham-based search engine and web tools company merged with Spanish telecom company Telefonica for $5.4 billion.

Lycos’ most recent owner, Daum Corp. of Korea, sold the firm to Ybrant Digital of India, a provider of digital marketing solutions.

About Ybrant
Founded by Mr. Suresh Reddy and Mr. Vijay Kancharla, it began as USAGreetings.com, in September 1999. In November 1999, the company introduced its first eMarketing product 'Powered by USAGreetings' engine and in June 2000, the company metamorphosed into Ybrant Technologies Inc. Today, Ybrant Digital offers Digital Marketing solutions to Businesses, Agencies, and Online Publishers worldwide.