Inktomi
Inktomi's History
- Inktomi was founded in January 1996 by Eric Brewer and Paul Gauthier at the University of California, Berkeley.
- The company was initially based on the web search engine developed at the university.
- HotBot was the first search engine to use Inktomi's search technology.
- In June 1998, Inktomi raised $36 million in an initial public offering.
- Microsoft, Yahoo!, and Disney partnered with Inktomi due to the success of HotBot.
Acquisitions and Expansions (1998-1999)
- In September 1998, Inktomi acquired C2B Technologies for $95 million in stock, adding shopping engine technology to its portfolio.
- The company raised additional capital in November 1998 at a 688% premium to its IPO price.
- In April 1999, Inktomi acquired Impulse Buy Network, adding 400 merchants to its shopping engine.
- In November 1999, Inktomi acquired Webspective, a company that developed technology for content management across distributed servers.
- Inktomi received revenue based on a percentage of sales and/or a pay-per-click model.
Expansion in the 21st Century
- In March 2000, Inktomi's stock peaked at $241 per share.
- In August 2000, Inktomi acquired Ultraseek Server from The Walt Disney Company's Go.com.
- In September 2000, Inktomi acquired FastForward Networks, which developed software for the distribution of live streaming media.
- In December 2000, Inktomi acquired the Content Bridge Business Unit from Adero, a content delivery network.
- In July 2001, Inktomi acquired eScene Networks, a company that developed software for video content management and publishing.
Acquisition by Yahoo!
- In 2002, Inktomi was restructured by Keyur Patel, resulting in the sale of the Ultraseek Server product to Verity.
- In March 2003, Yahoo! acquired the remaining assets of Inktomi for $241 million.
- In 2006, Websense acquired the technology behind Inktomi Proxy Server.
- In 2009, Yahoo! donated the Traffic Server technology to the Apache Software Foundation.
Miscellaneous Facts
- Inktomi Corporation was formed by UC Berkeley scientists to bring parallel processing power to commercial internet applications.
- Inktomi CEO looked to sell arms to a range of ISPs and portal sites.
- Inktomi accidentally allowed the public to access its database of spam websites.
- Yahoo! completed the acquisition of Inktomi in May 2003.