Inktomi
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Company type | Public |
---|---|
Nasdaq:INKT | |
Founded | January 1996[1] |
Founder | Eric Brewer[1] Paul Gauthier[1] |
Fate | Acquired byYahoo! |
Headquarters | Foster City, California[1] |
Key people | David C. Peterschmidt[2] (Chairman&CEO) |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 200 (November 2002) |
Footnotes / references [3] |
Inktomi Corporationwas an AmericanInternet service provider(ISP) software developer based inFoster City, California.Customers includedMicrosoft,HotBot,Amazon.com,eBay,andWalmart.[3]
The company developedTraffic Server,aproxy serverweb cacheforWorld Wide Webtraffic and on-demandstreaming mediawhichtranscodedimages down to a smaller size for users ofdial-up Internet access.Traffic Server was deployed by several large ISPs includingAOL.[4]
In 2003, after the bursting of thedot-com bubble,the company was acquired byYahoo!for $241 million.
The company's name, pronounced "INK-tuh-me", was derived from aLakotalegend about the trickster spiderIktomi,known for his ability to outsmart larger adversaries.[1]The tri-color nested cube logo was created by Tom Lamar in 1996.
History
[edit]Inktomi was founded in January 1996 byUniversity of California, BerkeleyprofessorEric Brewerand graduate student Paul Gauthier at the University of California, Berkeley. The company was initially founded based on theweb search enginethat was developed at the university.[1]HotBotwas the first search engine that made use of Inktomi's search technology.[5]
1998 to 1999
[edit]In June 1998, the company raised $36 million in aninitial public offering.[6]Its success in making HotBot the top rated search engine led to Microsoft, Yahoo! and Disney all partnering with Inktomi.[7]
In September 1998, the company acquired C2B Technologies for $95 million in stock, adding shopping engine technology to its portfolio.[8]
In November 1998, the company raised additional capital at a 688% premium to its IPO price five months earlier.[9]
In March 1999, CEO David Peterschmidt said that Inktomi would become an "arms merchant" to a growing number ofcontent delivery networkservice providers.[10]Inktomi received revenue based on a percentage of sales and/or apay per clickmodel.
In April 1999, the company acquired Impulse Buy Network, adding 400 merchants to its shopping engine.[11]
In November 1999, the company acquired Webspective, which developed technology forcontent managementacross a host of distributed servers to be used inload balancing,for $106 million in stock.[12]
21st century
[edit]In March 2000, the company's stock peaked at a price of $241 per share.[13]
In August 2000, the company acquired Ultraseek Server fromThe Walt Disney Company'sGo.com.[14]
In September 2000, the company acquired FastForward Networks, which developed software for the distribution of live streaming media over the Internet using "app-level" multicast technology, for $1.3 billion in stock.[15]
In December 2000, the company acquired the Content Bridge Business Unit from Adero, a content delivery network, which had formed the Content Bridge Alliance with Inktomi and other ISPs, hosting providers and IP transport providers in August 2000.[16][17]
An article written byDanny SullivanforSearch Engine Watchon October 1, 2001, revealed that Inktomi accidentally allowed the public to access its database of spam websites, which contained over one million of such sites, through a search result on competing search engineAllTheWeb.[18][19][20]The database was found by Brett Tabke, who ran the Search Engine World website.[20]
In July 2001, the company acquired eScene Networks, which developed software that provided an integrated workflow for the management and publishing of video content.[21]
In 2002, after the burst of thedot-com bubble,the company was restructured by Keyur Patel who joined Inktomi as investor, and senior vice president, strategy, marketing and technology.[22]
His restructuring led to the sale of the Ultraseek Server product (renamed Inktomi Enterprise Search) to Verity in late 2002 and the sale of the rest of the company toYahoo!'sYahoo! Searchfor $1.63 per share, or $241 million, completed on March 19, 2003.[23][24]
In 2006, the technology behind the Inktomi Proxy Server was acquired byWebsense,which was modified and included in the Websense Security Gateway.
In 2009, Yahoo! donated the Traffic Server technology to theApache Software Foundation.[25]
References
[edit]- ^abcdef"Inktomi Corporation Formed by UC Berkeley Scientists to Bring Parallel Processing Power to Commercial Internet Applications".Business Insider.May 20, 1996.
- ^Tessler, Joelle (March 8, 1999)."Inktomi CEO Looks to Sell 'Arms' To Range of ISPs and Portal Sites".The Wall Street Journal.
- ^ab"Inktomi Corporation 2002 Form 10-K Annual Report".U.S. Securities and Exchange Commission.
- ^FISHER, LAWRENCE M. (April 17, 2000)."2 Companies Take Separate Paths To Speed Delivery of Web Pages".The New York Times.
- ^"New Search Tool Hits the Web".Associated Press.
- ^Thurm, Scott (June 11, 1998)."Inktomi's Shares Double In a Sizzling Street Debut".The Wall Street Journal.
- ^"BBC News | the Company File | Inktomi searches for Net profits in Europe".
- ^"Inktomi to Buy C2B for E-Commerce Boost".Los Angeles Times.Bloomberg News.September 2, 1998.
- ^Prial, Dunstan (November 16, 1998)."Inktomi Returns to Market With a Follow-On Offering".The Wall Street Journal.
- ^Tessler, Joelle (March 8, 1999)."Inktomi CEO Looks to Sell 'Arms' To Range of ISPs and Portal Sites".The Wall Street Journal.
- ^Patsuris, Penelope (April 22, 1999)."Inktomi acquires Impulse! Buy Network".Forbes.
- ^"INKTOMI TO BUY WEBSPECTIVE SOFTWARE FOR $106 MILLION".The New York Times.Reuters.September 17, 1999.
- ^PELTZ, JAMES; HILTZIK, MICHAEL (September 5, 2000)."Inktomi Investors Trapped by High Values; Fannie Mae for Near Term".Los Angeles Times.
- ^"GO.COM IS SELLING ULTRASEEK TO INKTOMI FOR $344 MILLION".The New York Times.June 9, 2000.
- ^"Inktomi buys FastForward".CNN.September 13, 2000.
- ^"INKTOMI, AOL AND ADERO FORM ALLIANCE".The New York Times.August 24, 2000.
- ^"Adero to private-label content services".International Data Group.January 15, 2001.
- ^"History of Search Engines - Chronological List of Internet Search Engines".RetrievedFebruary 3,2014.
- ^"Search Engine History.com".www.searchenginehistory.com.Retrieved2019-05-20.
- ^abSullivan, Danny (October 1, 2001)."Inktomi Spam Database Left Open To Public".Search Engine Watch.Archived fromthe originalon April 10, 2014.RetrievedMay 20,2019.
- ^Jacobs, April (July 19, 2001)."Inktomi acquires eScene Networks".Computerworld.
- ^"inktomi FORM 10-K/A For the fiscal year ended September 30, 2002".August 5, 2003.
- ^"Yahoo to buy search-software maker Inktomi".USA Today.December 23, 2002.
- ^"Yahoo and Inktomi Announce Completion of Acquisition".Business Wire.4 May 2020.
- ^Krill, Paul (November 3, 2009)."Inktomi Investors Trapped by High Values; Fannie Mae for Near Term".International Data Group.
External links
[edit]- 1996 establishments in California
- 1998 initial public offerings
- 2003 disestablishments in California
- Companies established in 1996
- Companies disestablished in 2003
- Defunct software companies of the United States
- Discontinued Yahoo! services
- Dot-com bubble
- Defunct internet search engines
- Yahoo! acquisitions
- 2003 mergers and acquisitions