Looks like Mozilla has nothing to worry about after all? at least for now. Google Inc. (NASDAQ:GOOG) has signed a significant and mutually beneficial revenue agreement with Mozilla. Google will remain the default search engine for Mozilla Firefox for at least another 3 years.
?Under this multi-year agreement, Google Search will continue to be the default search provider for hundreds of millions of Firefox users around the world,? stated Mozilla CEO Gary Kovacs. The terms of the commercial agreement are currently subject to confidentiality requirements. What we do know at Pulse2.com is that in 2010, Mozilla made $123 million in revenues and 84% of it came from Google.
Mozilla NEEDS Google appears to be highly dependent on them. But at the same time, they are seeing their market share constantly being chipped away by Google’s own Chrome browser. Talk about a catch-22.