LYCOS RETRIEVER 
Lycos: Terra Lycos
built 233 days ago
Lycos is a search engine and web portal centered around broadband entertainment content. It began as a search engine research project by Dr. Michael Loren Mauldin of Carnegie Mellon University in 1994. Bob Davis joined the company as its CEO and first employee in 1995. Lycos then enjoyed several years of astounding growth and, in 1999, became the most visited online destination in the world with a global presence in more than 40 countries. Lycos was sold to Terra Networks of Spain in May 2000 for $5.4 billion, forming a new company, Terra Lycos, maintaining its postion as one of the world's largest Internet companies. Shortly after the merger Davis left the company to become a venture capitalist with Highland Capital Partners in Boston.
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Prior to Terra Lycos, he was President and Director of Marketing Services Group, Inc. (MSGi), a provider of integrated marketing solutions, and Chairman of MSGi's Internet Group. Previously, Mr. Killeen was President and CEO of Raging Bull, joining the company when it had four employees, and orchestrating its acquisition by AltaVista. Before leading Raging Bull, Mr. Killeen was Senior Vice President at Fidelity Investments, in its discount brokerage unit, where he led the organization responsible for Fidelity's dramatic online growth. Prior to Fidelity, he served as Senior Vice President at DLJ Direct (now called Harris Direct).
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Near the peak of the internet bubble in May of 2000 Lycos announced its intent to be acquired by Terra Networks, S.A., the internet arm of the Spanish telecommunications giant, Telefonica, for $5.4 billion. The acquisition price represented a nearly 3,000 times return on the initial venture capital investment in Lycos and about 20 times its initial public offering valuation. The transaction closed in October of 2000. The merged company was renamed Terra Lycos yet the Lycos brand was the US franchise. Overseas, the company continued to be known as Terra Networks, S.A. Davis left the company shortly after the merger was completed to join Highland Capital Partners, a premier venture capital fund, where he now serves as a Managing General partner and concentrates on internet investments.
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The agreement enables Terra Lycos customers to subscribe to Network Associates McAfee VirusScan and McAfee Personal Firewall Plus online services via the new Security Center on the Terra Lycos website, or as an add-on feature packaged with customers' existing access accounts. The monthly online subscription service enables products to be delivered directly to the desktop, giving the customer convenience and peace of mind that their PC will be protected through regular automatic updates. McAfee Security anti-virus and firewall protection will help to ensure Terra Lycos customers a secure Internet access even as new threats arise.
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Terra Lycos added a blog-building tool to its Tripod and Angelfire site-creation services in February and gave it an upgrade with photo-upload features and more templates in June. It doesn't have a free version, but Blog Builder delivers an excellent, easy-to-use toolset.
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