Tuesday, April 21, 2009
Zango Inc., the irritating adware firm that was fined $3 million by the U.S. Federal Trade Commission in 2006 has been sold at ?fire sale prices? to video search engine company Blinkx PLC, it was announced yesterday.
The company was notorious for its weasel-word excuses and explanations of the intrusive adware it distributed. It also was famous for (unsuccessfully) suing anti-virus Kaspersky Labs and PC Tools in 2007 in an attempt to intimidate them and force them to stop cleaning Zango code out of victims? computers.
Zango was first named 180 Solutions when it was begun in 2004. It employed more than 200 people at its peak, but laid off 118 of them last year. Other adware firms, Claria (which distributed Gator), DirectRevenue and WhenU have closed in the past.
By John Leyden
21st April 2009
Controversial adware firm Zango has been acquired by video search engine Blinkx, in a deal that effectively marks the death knell of a controversial business model.
Confirmation of the deal, rumours of which began to spread over the weekend, came in a blog posting by Zango co-founder and former chief technology officer Ken Smith. Neither firm has commented on the deal, but Smith said that Zango went for a "fire sale price".
Zango began life as 180 Solutions, raising $40m from Spectrum Equity Investors in 2004 and growing to employ more than 230 workers at its peak. Accusations of deceptive installation practices and problems in removing its software once installed led to a lawsuit by US consumer watchdog the Federal Trade Commission.