Yippy Acquires Metasearch Engine Clusty.com for $5.5 Million

Written by Staff Writer.

FORT MYERS - Yippy formerly Cinnabar Ventures, today announces the completed acquisition of Clusty.com, an award-winning metasearch engine developed by Vivisimo, an industry leader in information optimization and enterprise search.

Clusty.com attracts approximately 100,000 unique visitors and supports millions of search queries per month. "The combination of Yippy and Clusty, the gold standard of metasearch engines, ensures a formidable technological force that will provide a more wholesome and edited Internet experience for the Yippy family of users," said Richard Granville, CEO of Yippy, Inc.

Clusty got its start in Pittsburgh, PA in 2004 when the search software company Vivisimo decided to take its award-winning search technology to the web. Vivisimo was founded in 2000 by three Carnegie Mellon University scientists who decided to tackle the problem of information overload in web search. The basis of this action was to create a search platform that removed spam from search queries and only delivered the most relevant information to the end user.

"Clusty has found the perfect digital home with Yippy as they are a company that values an edited yet impactful Internet search," said John Kealey, CEO of Vivisimo. "Rather than focusing just on search engine ranking, we realized that grouping results into topics, or 'clustering,' made for better search and discovery. Our service is robust enough to handle the variety of information that the Yippy user is looking for and provide the results in a family friendly format with the combination of Yippy and Clusty code sets."

"Yippy/Clusty will provide a 'walled garden with windows' approach to the Internet via the Yippy Cloud. By incorporating search into its platform, Yippy can provide parents, educational institutions and government entities a much safer alternative for all web based activities. You no longer need Internet Explorer, Chrome or Mozilla to surf the web. All you need is Yippy and Yippy is good," concluded Granville.

Total price of the asset acquisition and licensing is $5.55 million, the full details to be delivered via a report on Form 8-K that will be filed shortly.

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