Net Perceptions was a leading seller of personalization technology during the Internet boom of the late 1990s.
He realized the commercial potential of collaborative filtering, and encouraged the team to found a company in April 1996.
By June, Gardiner, Snyder, Miller, Riedl, and Konstan incorporated their company, and by July had their first round of funding, from Hummer Winblad Venture Partners.
[9] The company was delisted from the NASDAQ September 3, 2004,[11] and returned about $40 million to stockholders that same year.
[12] In 2004, Kanders & Co. bought the company and moved it to Greenwich, Connecticut[1] "to build a diversified, global industrial products group.