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Adware Firm Claria Files for IPO

Authored by Mark Hefflinger on April 13, 2004 - 6:21am.
Redwood City, Calif. -- Claria, a provider of advertising software formerly known as Gator, has filed for an initial public offering of shares with the Securities and Exchange Commission. The company's software has been bundled with downloads of the popular Kazaa file-sharing application, and monitors the surfing habits of users in order to deliver targeted pop-up ads. It also provides software that can automatically fill in forms when ordering products or entering passwords online. Redwood City, Calif.-based Claria has battled several lawsuits against its adware, but claims 43 million people are currently using its products. Claria did not say how much it plans to raise in the IPO, but reported revenue of $90 million for 2003.
http://www.claria.com 
http://news.com.com/2100-1030-5187747.html

tags: IPO | Adware | Claria | Files | Firm |

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