Lycos, Inc. is a search engine and web portal established in 1994.

Lycos is a university spin-off that began as a research project by Michael Loren Mauldin of Carnegie Mellon University's main Pittsburgh campus in 1994. Lycos Inc. was formed with approximately US $2 million in venture capital funding from CMGI. Bob Davis became the CEO and first employee of the new company in 1995. After unsuccessfully attempting to turn the business into a software company selling an enterprise version of the search software, Davis concentrated on building the company into an advertising-supported web portal. Lycos enjoyed several years of growth during the 1990s and became the most visited online destination in the world in 1999, with a global presence in more than 40 countries.

In 1996, the company completed the fastest IPO from inception to offering in NASDAQ history. In 1997, it became one of the first profitable internet businesses in the world. In 1998, Lycos paid $58 million for Tripod in an attempt to "break into the portal market."Over the course of the next few years, Lycos acquired nearly two dozen internet brands including Gamesville, WhoWhere, Wired Digital (eventually sold to Wired), Quote.com, Angelfire, Matchmaker.com and Raging Bull.

Lycos Europe was a joint venture between Lycos and the Bertelsmann transnational media corporation, but it has always been a distinct corporate entity. Although Lycos Europe remains the largest of Lycos's overseas ventures, several other companies also entered into joint venture agreements including Lycos Canada, Lycos Korea and Lycos Asia.

Near the peak of the internet bubble in May 2000, Lycos announced its intent to be acquired by Terra Networks, the internet arm of the Spanish telecommunications giant Telefónica, for $5.4 billion. The acquisition price represented a return of nearly 3000 times the company's initial venture capital investment and about 20 times its initial public offering valuation. The transaction closed in October 2000 and the merged company was renamed Terra Lycos, although the Lycos brand continued to be used in the United States. Overseas, the company continued to be known as Terra Networks. Davis left the company shortly after the merger was completed to join Highland Capital Partners, a venture capital fund where he now serves as a managing general partner and concentrates on internet investments.

On August 2, 2004, Terra announced that it was selling Lycos to Seoul, South Korea-based Daum Communications Corporation for $95.4 million in cash, less than 2% of Terra's initial multi-billion dollar investment. In October 2004, the transaction closed and the company name was changed back to Lycos Inc. The remaining half of the business owned by Terra was subsequently reacquired by Telefónica.

Lycos Website[www.lycos.com]
Lycos Mail[www.mail.lycos.com]
Tripod[www.tripod.lycos.com]