gator with IPO?

Filed in archive Venture Capital on April 19, 2004

Believe it or not but the famous maker of the spyware is heading for an IPO:

"critics have also blasted the company for not fully explaining to users the impact of its software, which sends information about users' Web browsing habits back to the company's servers. Recently, Utah became the first state to pass a law making such software illegal. Lawmakers in California and Iowa hope to follow suit soon.

Claria acknowledged these risks in its filing. But its business apparently isn't suffering. Claria had a net income of $35 million on revenues of $90 million in 2003. In addition, Claria said it has 43 million active users and 425 advertisers. "