Inktomi: Difference between revisions
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{{about|the |
{{about|the former corporation|other uses|Inktomi (disambiguation)}} |
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{{Infobox company |
{{Infobox company |
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| name = Inktomi Corporation |
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| logo = Inktomi.png |
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| foundation = {{start date and age|1996|2|13}} |
| foundation = {{start date and age|1996|2|13}} |
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| founder = [[Eric Brewer (computer scientist)|Eric Brewer]]<br>Paul Gauthier |
| founder = [[Eric Brewer (computer scientist)|Eric Brewer]]<br>Paul Gauthier |
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| key_people = David C. Peterschmidt (CEO)<ref>{{cite press release | url=http://www.prnewswire.com/news-releases/quantumshift-names-inktomi-ceo-to-board-76628422.html | title=QuantumShift Names Inktomi CEO to Board | publisher=[[PRNewswire]] | date=March 26, 2002}}</ref><BR>Keyur Patel (Senior vice president, strategy, marketing and technology)<ref name=patel>{{cite press release | url=http://www.prnewswire.com/news-releases/maxtor-names-keyur-patel-as-executive-vice-president-business-development-and-strategy-70888192.html | title=Maxtor Names Keyur Patel as Executive Vice President, Business Development and Strategy | publisher=[[PRNewswire]] | date=August 5, 2003}}</ref> |
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| key_people = David C. Peterschmidt, [[Chairman]] & [[CEO]] |
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| location = [[Foster City, California]] |
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| fate = Acquired by [[Yahoo!]] |
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| revenue = {{decrease}} $112 million (2002) |
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| net_income = {{decrease}} -$500 million (2002) |
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| assets = {{decrease}} $145 million (2002) |
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| equity = {{decrease}} $46 million (2002) |
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| num_employees = 200 (November 2002) |
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| footnotes = <ref name=10K>{{cite web | url=https://www.sec.gov/Archives/edgar/data/1024302/000089161802005695/f86734e10vk.htm | title=Inktomi Corporation 2002 Form 10-K Annual Report | publisher=[[U.S. Securities and Exchange Commission]]}}</ref> |
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'''Inktomi Corporation''' was a |
'''Inktomi Corporation''' was a company that provided [[software]] for [[Internet service provider]]s (ISPs). It was organized in [[Delaware]] and headquartered in [[Foster City, California]]. Customers included [[Microsoft]], [[HotBot]], [[Amazon.com]], [[eBay]], and [[WalMart]].<ref name=10K/> |
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The company developed [[Traffic Server]], a [[proxy server]] [[web cache]] for [[world wide web]] traffic and on-demand [[streaming media]] |
The company developed [[Traffic Server]], a [[proxy server]] [[web cache]] for [[world wide web]] traffic and on-demand [[streaming media]] which transcoded images down to a smaller size for users of [[dial-up Internet access]]. Traffic Server was deployed by several large ISPs including [[AOL]].<ref>{{cite news | url=https://www.nytimes.com/2000/04/17/business/technology-2-companies-take-separate-paths-to-speed-delivery-of-web-pages.html | title=2 Companies Take Separate Paths To Speed Delivery of Web Pages | first=LAWRENCE M. | last=FISHER | work=[[The New York Times]] | date=April 17, 2000}}</ref> |
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In 2003, after the bursting of the [[dot-com bubble]], the company was acquired by [[Yahoo!]] for $241 million. |
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After the bursting of the [[dot-com bubble]], Inktomi was acquired by [[Yahoo!]] in early 2003 for $241 million.<ref name=yahoo>{{cite web | url=https://usatoday30.usatoday.com/money/industries/technology/2002-12-23-yahoo-inktomi_x.htm | title=Yahoo to buy search-software maker Inktomi | publisher=[[USA Today]] | date=December 23, 2002}}</ref><ref name=yahoocompletes>{{cite press release | url=http://files.shareholder.com/downloads/YHOO/0x0x26292/f8d824d2-8128-4be2-93b1-ce1a739291f3/YHOO_News_2003_3_18_Financial.pdf | title=Yahoo! And Inktomi Announce Completion Of Acquisition | publisher=[[Yahoo!]] | date=March 19, 2003}}</ref> |
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The company's name, pronounced 'INK-tuh-me', was derived from a legend of the [[Lakota people]] about a trickster spider character, [[Iktomi]] which was known for his ability to defeat larger adversaries through wit and cunning.<ref name=formed/> The tri-color nested cube logo was created by Tom Lamar in 1996. |
The company's name, pronounced 'INK-tuh-me', was derived from a legend of the [[Lakota people]] about a trickster spider character, [[Iktomi]] which was known for his ability to defeat larger adversaries through wit and cunning.<ref name=formed/> The tri-color nested cube logo was created by Tom Lamar in 1996. |
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==History== |
==History== |
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Inktomi was founded in January 1996 by [[University of California, |
Inktomi was founded in January 1996 by [[University of California, Berkeley]] professor [[Eric Brewer (computer scientist)|Eric Brewer]] and graduate student Paul Gauthier. The company was initially founded based the [[web search engine]] that Eric Brewer and Paul Gauthier developed at the university.<ref name=formed>{{cite news | url=http://tech-insider.org/internet/research/1996/0520.html | title=Inktomi Corporation Formed by UC Berkeley Scientists to Bring Parallel Processing Power to Commercial Internet Applications | work=[[Business Insider]] | date=May 20, 1996}}</ref> |
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In June 1998, the company raised $36 million in an [[initial public offering]].<ref>{{cite |
In June 1998, the company raised $36 million in an [[initial public offering]].<ref>{{cite news | url=https://www.wsj.com/articles/SB897492389745278500 | title=Inktomi's Shares Double In a Sizzling Street Debut | first=Scott | last=Thurm | work=[[The Wall Street Journal]] | date=June 11, 1998}}{{subscription required}}</ref> |
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In September 1998, |
In September 1998, the company acquired C2B Technologies for $95 million in stock, adding shopping engine technology to its portfolio.<ref>{{cite news | url=http://articles.latimes.com/1998/sep/02/business/fi-18677 | title=Inktomi to Buy C2B for E-Commerce Boost | publisher=[[Los Angeles Times]] | agency=[[Bloomberg News]] | date=September 2, 1998}}</ref> |
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In November 1998, the company raised additional capital at a 688% premium to its IPO price 5 months earlier.<ref>{{cite |
In November 1998, the company raised additional capital at a 688% premium to its IPO price 5 months earlier.<ref>{{cite news | url=https://www.wsj.com/articles/SB911186098813111500 | title=Inktomi Returns to Market With a Follow-On Offering | first=Dunstan | last=Prial | work=[[The Wall Street Journal]] | date=November 16, 1998}}{{subscription required}}</ref> |
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In March 1999, |
In March 1999, CEO David Peterschmidt said that Inktomi would become an "arms merchant" to a growing number of [[content delivery network]] service providers.<ref>{{cite news | url=https://www.wsj.com/articles/SB920925434912378000 | title=Inktomi CEO Looks to Sell 'Arms' To Range of ISPs and Portal Sites | first=Joelle | last=Tessler | work=[[The Wall Street Journal]] | date=March 8, 1999}}{{subscription required}}</ref> Inktomi received revenue based on a percentage of sales and/or a [[pay per click]] model. |
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In April 1999, |
In April 1999, the company acquired Impulse Buy Network, adding 400 merchants to its shopping engine.<ref>{{cite news | url=https://www.forbes.com/1999/04/22/mu6.html | title=Inktomi acquires Impulse! Buy Network | first=Penelope | last=Patsuris | work=[[Forbes]] | date=April 22, 1999}}</ref> |
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<ref>{{cite web | url=https://www.forbes.com/1999/04/22/mu6.html | title=Inktomi acquires Impulse! Buy Network | first=Penelope | last=Patsuris | publisher=[[Forbes]] | date=April 22, 1999}}</ref> |
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in November 1999, |
in November 1999, the company acquired Webspective, which developed technology for [[content management]] across a host of distributed servers to be used in [[Load balancing (computing)|load balancing]], for $106 million in stock.<ref>{{cite news | url=https://www.nytimes.com/1999/09/17/business/company-news-inktomi-to-buy-webspective-software-for-106-million.html | title=INKTOMI TO BUY WEBSPECTIVE SOFTWARE FOR $106 MILLION | publisher=[[The New York Times]] | agency=[[Reuters]] | date=September 17, 1999}}</ref> |
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in August 2000, |
in August 2000, the company acquired Ultraseek Server from [[The Walt Disney Company]]'s [[Go.com]].<ref>{{cite news | url=https://www.nytimes.com/2000/06/09/business/company-news-gocom-is-selling-ultraseek-to-inktomi-for-344-million.html | title=GO.COM IS SELLING ULTRASEEK TO INKTOMI FOR $344 MILLION | work=[[The New York Times]] | date=June 9, 2000}}</ref> |
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in September 2000, |
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.<ref>{{cite news | url=http://money.cnn.com/2000/09/13/deals/inktomi/index.htm | title=Inktomi buys FastForward | work=[[CNNMoney]] | date=September 13, 2000}}</ref> |
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in December 2000, |
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.<ref>{{cite news | url=https://www.nytimes.com/2000/08/24/business/technology-briefing-internet-inktomi-aol-and-adero-form-alliance.html | title=INKTOMI, AOL AND ADERO FORM ALLIANCE | work=[[The New York Times]] | date=August 24, 2000}}</ref><ref>{{cite news | url=http://www.itworld.com/article/2801426/enterprise-software/adero-to-private-label-content-services.html | title=Adero to private-label content services | work=[[International Data Group]] | date=January 15, 2001}}</ref> |
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in July 2001, |
in July 2001, the company acquired eScene Networks, which developed software that provided an integrated workflow for the management and publishing of video content.<ref>{{cite news | url=https://www.computerworld.com.au/article/43569/inktomi_acquires_escene_networks/ | title=Inktomi acquires eScene Networks | first=April | last=Jacobs | work=[[Computerworld]] | date=July 19, 2001}}</ref> |
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In March 2000, |
In March 2000, the company's stock peaked at a price of $241 per share.<ref>{{cite news | url=http://articles.latimes.com/2000/sep/05/business/fi-15567 | title=Inktomi Investors Trapped by High Values; Fannie Mae for Near Term | first1=JAMES | last1=PELTZ | first2=MICHAEL | last2=HILTZIK | work=[[Los Angeles Times]] | date=September 5, 2000}}</ref> |
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In 2002, after the burst of the [[dot-com bubble]], the company restructured and Keyur Patel joined Inktomi as senior vice president, strategy, marketing and technology.<ref |
In 2002, after the burst of the [[dot-com bubble]], the company restructured and Keyur Patel joined Inktomi as senior vice president, strategy, marketing and technology.<ref>{{cite press release | url=http://www.prnewswire.com/news-releases/maxtor-names-keyur-patel-as-executive-vice-president-business-development-and-strategy-70888192.html | title=Maxtor Names Keyur Patel as Executive Vice President, Business Development and Strategy | publisher=[[PR Newswire]] | date=August 5, 2003}}</ref> |
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The 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 to [[Yahoo!]] for $1.63 per share, or $241 million, completed on March 19, 2003.<ref |
The 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 to [[Yahoo!]]'s [[Yahoo! Search]] for $1.63 per share, or $241 million, completed on March 19, 2003.<ref>{{cite news | url=https://usatoday30.usatoday.com/money/industries/technology/2002-12-23-yahoo-inktomi_x.htm | title=Yahoo to buy search-software maker Inktomi | work=[[USA Today]] | date=December 23, 2002}}</ref><ref>{{cite press release | url=https://www.businesswire.com/news/home/20030319005624/en/Yahoo%21-Inktomi-Announce-Completion-Acquisition-Inktomi-Wholly-Owned | title=Yahoo! and Inktomi Announce Completion of Acquisition; Inktomi a Wholly-Owned Subsidiary of Yahoo! | publisher=[[Business Wire]] | date=March 19, 2003}}</ref> |
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In 2006, the technology behind the Inktomi Proxy Server was acquired by [[Websense]], which was modified and included in the Websense Security Gateway. |
In 2006, the technology behind the Inktomi Proxy Server was acquired by [[Websense]], which was modified and included in the Websense Security Gateway. |
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In 2009, Yahoo! donated the Traffic Server technology to the [[Apache Software Foundation]].<ref>{{cite |
In 2009, Yahoo! donated the Traffic Server technology to the [[Apache Software Foundation]].<ref>{{cite news | url=https://www.networkworld.com/article/2253357/cloud-computing/yahoo-donates-traffic-server-to-apache.html | title=Inktomi Investors Trapped by High Values; Fannie Mae for Near Term | first=Paul | last=Krill | work=[[International Data Group]] | date=November 3, 2009}}</ref> |
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==See also== |
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* [[Yahoo! Search]] |
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==References== |
==References== |
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{{Reflist}} |
{{Reflist|1}} |
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==External links== |
==External links== |
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*[https://www.youtube.com/watch?v=E91oEn1bnXM Inktomi's Wild Ride - A Personal View of the Internet Bubble] |
*[https://www.youtube.com/watch?v=E91oEn1bnXM Inktomi's Wild Ride - A Personal View of the Internet Bubble] |
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[[Category:Defunct software companies of the United States]] |
[[Category:Defunct software companies of the United States]] |
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[[Category:Internet search engines]] |
[[Category:Internet search engines]] |
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[[Category:Companies based in San Mateo County, California]] |
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[[Category:Online companies]] |
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[[Category:Yahoo! acquisitions]] |
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Revision as of 15:01, 31 March 2018
File:Inktomi.png | |
Founded | February 13, 1996 |
---|---|
Founder | Eric Brewer Paul Gauthier |
Fate | Acquired by Yahoo! |
Headquarters | Foster City, California |
Key people | David C. Peterschmidt, Chairman & CEO |
Revenue | $112 million (2002) |
-$500 million (2002) | |
Total assets | $145 million (2002) |
Total equity | $46 million (2002) |
Number of employees | 200 (November 2002) |
Footnotes / references [1] |
Inktomi Corporation was a company that provided software for Internet service providers (ISPs). It was organized in Delaware and headquartered in Foster City, California. Customers included Microsoft, HotBot, Amazon.com, eBay, and WalMart.[1]
The company developed Traffic Server, a proxy server web cache for world wide web traffic and on-demand streaming media which transcoded images down to a smaller size for users of dial-up Internet access. Traffic Server was deployed by several large ISPs including AOL.[2]
In 2003, after the bursting of the dot-com bubble, the company was acquired by Yahoo! for $241 million.
The company's name, pronounced 'INK-tuh-me', was derived from a legend of the Lakota people about a trickster spider character, Iktomi which was known for his ability to defeat larger adversaries through wit and cunning.[3] The tri-color nested cube logo was created by Tom Lamar in 1996.
History
Inktomi was founded in January 1996 by University of California, Berkeley professor Eric Brewer and graduate student Paul Gauthier. The company was initially founded based the web search engine that Eric Brewer and Paul Gauthier developed at the university.[3]
In June 1998, the company raised $36 million in an initial public offering.[4]
In September 1998, the company acquired C2B Technologies for $95 million in stock, adding shopping engine technology to its portfolio.[5]
In November 1998, the company raised additional capital at a 688% premium to its IPO price 5 months earlier.[6]
In March 1999, CEO David Peterschmidt said that Inktomi would become an "arms merchant" to a growing number of content delivery network service providers.[7] Inktomi received revenue based on a percentage of sales and/or a pay per click model.
In April 1999, the company acquired Impulse Buy Network, adding 400 merchants to its shopping engine.[8]
in November 1999, the company acquired Webspective, which developed technology for content management across a host of distributed servers to be used in load balancing, for $106 million in stock.[9]
in August 2000, the company acquired Ultraseek Server from The Walt Disney Company's Go.com.[10]
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.[11]
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.[12][13]
in July 2001, the company acquired eScene Networks, which developed software that provided an integrated workflow for the management and publishing of video content.[14]
In March 2000, the company's stock peaked at a price of $241 per share.[15]
In 2002, after the burst of the dot-com bubble, the company restructured and Keyur Patel joined Inktomi as senior vice president, strategy, marketing and technology.[16]
The 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 to Yahoo!'s Yahoo! Search for $1.63 per share, or $241 million, completed on March 19, 2003.[17][18]
In 2006, the technology behind the Inktomi Proxy Server was acquired by Websense, which was modified and included in the Websense Security Gateway.
In 2009, Yahoo! donated the Traffic Server technology to the Apache Software Foundation.[19]
References
- ^ a b "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.
- ^ a b "Inktomi Corporation Formed by UC Berkeley Scientists to Bring Parallel Processing Power to Commercial Internet Applications". Business Insider. May 20, 1996.
- ^ Thurm, Scott (June 11, 1998). "Inktomi's Shares Double In a Sizzling Street Debut". The Wall Street Journal.(subscription required)
- ^ "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.(subscription required)
- ^ Tessler, Joelle (March 8, 1999). "Inktomi CEO Looks to Sell 'Arms' To Range of ISPs and Portal Sites". The Wall Street Journal.(subscription required)
- ^ 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.
- ^ "GO.COM IS SELLING ULTRASEEK TO INKTOMI FOR $344 MILLION". The New York Times. June 9, 2000.
- ^ "Inktomi buys FastForward". CNNMoney. 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.
- ^ Jacobs, April (July 19, 2001). "Inktomi acquires eScene Networks". Computerworld.
- ^ PELTZ, JAMES; HILTZIK, MICHAEL (September 5, 2000). "Inktomi Investors Trapped by High Values; Fannie Mae for Near Term". Los Angeles Times.
- ^ "Maxtor Names Keyur Patel as Executive Vice President, Business Development and Strategy" (Press release). PR Newswire. August 5, 2003.
- ^ "Yahoo to buy search-software maker Inktomi". USA Today. December 23, 2002.
- ^ "Yahoo! and Inktomi Announce Completion of Acquisition; Inktomi a Wholly-Owned Subsidiary of Yahoo!" (Press release). Business Wire. March 19, 2003.
- ^ Krill, Paul (November 3, 2009). "Inktomi Investors Trapped by High Values; Fannie Mae for Near Term". International Data Group.