27 MARCH 2002

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Terranet acquires Search Malta website

Maltacom subsidiary Terranet Ltd on Monday announced an agreement with SearchEurope.com Inc to acquire the search engine website, www.searchmalta.com, which will be added to Terranet’s expanding portfolio of content services which include the portal www.di-ve.com.

Search Malta was founded in 1996 by a Maltese, Antoine Zammit, at the time living in North California, and was one of the earliest Malta-related sites on the Internet. Today. Search Malta is the most authoritative search engine for sites dealing with Malta and is one of the most visited websites by those interested in Malta.

Speaking at a press conference held at the Terranet’s offices on Monday Maltacom chairman Maurice Zarb Adami Chairman commented, "Over the last years we have been growing our involvement in the content business through the di-ve brand. Search Malta will add a very important dimension to our achievements so far, and will continue to grow our already substantial audience amongst the online community. We are convinced that Maltacom’s continued investment in new opportunities will be key to our success over future years"

Antoine Zammit, in Malta from the USA to finalise the agreement, explained he was glad to see a personal initiative started more than six years ago fruition into one of the leading sites about Malta. "With over 10,000 sites listed in our search engine, and over 31,000 addresses in our newsletter subscriber list, Search Malta is not only a virtual landmark for the global Maltese community, but also has great commercial potential. Linking this with www.di-ve.com , makes this partnership without doubt the strongest in the online market related to Malta."

Keith Fearne, CEO at Terranet Ltd, described the acquisition as another important milestone in establishing Terranet as the leading supplier of content to Maltese Internet users. "Over the last two years we have established www.di-ve.com as the leading portal in Malta. Adding Search Malta to our portfolio brings to our users the functionality of the leading Maltese search engine, a database of information about over 600 Maltese surnames and a library of over 5000 photos related to Malta. It also gives us access to a new audience of Maltese living abroad and to tourists interested in visiting Malta. This will continue to position Terranet as the leading provider of online marketing opportunities to the commercial community."



Copyright © Network Publications Malta.
Editor: Saviour Balzan
The Business Times, Network House, Vjal ir-Rihan San Gwann SGN 07, Malta
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