Observed Signal · Nov 12, 2024 · Partnership · Source: Trending Topics · Impact: 3/5 · Sentiment: Positive
Ecosia and Qwant Launch Joint European Search Engine EUSP
Ecosia and Qwant, two European search engines, announced the creation of a joint company named European Search Perspective (EUSP), based in Paris. The goal is to reduce dependence on Google and Bing and tailor search results to European user preferences. Ownership is split evenly between the two companies, with Ecosia contributing capital and data and Qwant providing the workforce. OVHcloud will supply the technical infrastructure and shares ownership with Qwant. Ecosia holds about 1% of the search market in France and Germany and reports around 20 million users, while Qwant reports about 6 million. Ecosia's revenue fell 8% to €24.2 million in the first nine months of the year. The companies are open to outside investors and to licensing their index, including for AI training.
Two European search engines are joining forces to build an independent search index and reduce reliance on Google/Bing; while current market share is small, it signals growing European search sovereignty and could affect search advertising supply dynamics.
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Key Takeaways & Evidence Grounding
- Ecosia and Qwant announced the creation of joint company European Search Perspective (EUSP), headquartered in Paris.
- Ownership of EUSP is split evenly between Ecosia and Qwant; Ecosia contributes capital and data, Qwant provides the workforce.
- OVHcloud provides the technical infrastructure and shares ownership with Qwant.
- Ecosia has approximately 1% search market share in France and Germany and reports about 20 million users; Qwant reports about 6 million.
- Ecosia's revenue declined by 8% year-on-year to €24.2 million in the first nine months of the year.
Connected Companies & Entities
3 Entities mapped“Die Suchmaschinen Ecosia und Qwant haben angekündigt, ein gemeinsames Unternehmen namens European Search Perspective (EUSP) mit Sitz in Pari...”
“Die technische Infrastruktur wird von OVHcloud bereitgestellt, das sich das Eigentum mit Qwant teilt....”
“Ziel ist es, die Abhängigkeit von Google und Bing zu verringern und Suchergebnisse besser an die Missionen der Unternehmen und die Vorlieben...”
Ontology Mapping & Concepts
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