FindWhat Acquires Comet Systems

Search marketing firm is getting into the desktop software business, having agreed to acquire Comet Systems for up to $33.5 million.

Comet Systems was best known during the late ’90s as the developer and distributor of the [Ed: annoying] Comet Cursor, a software system that let Internet users, or publishers, choose their cursor image. Later, it developed a search toolbar, through which it delivers algorithmic results and Overture paid listings. It also offers travel search and privacy-oriented software, such as a pop-up blocker.

The acquisition agreement calls for FindWhat to pay $8.5 million in cash plus $15 million in FindWhat common stock, and up to an additional $10 million based on Comet’s performance over the next two years.

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