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Inktomi history
Inktomi company history timeline
Inktomi was founded in January 1996 by University of California, Berkeley professor Eric Brewer and graduate student Paul Gauthier at the University of California, Berkeley.
The project was initially funded by the US government's Advanced Research Projects Agency, but it became a commercial organisation in early 1996 and soon after it gained its first major customer with the HotBot search engine.
For fiscal 1997 ending September 30, Inktomi reported a loss of $8.7 million on revenue of $5.8 million.
In 1997 the company moved to San Mateo, and then later established its corporate headquarters in Foster City.
In 1997 Inktomi began beta testing its traffic servers, which intelligently managed network data flow and aimed to eliminate bottlenecks and redundant traffic on the Internet and corporate intranets.
Other companies introducing network caching products in 1997 in competition with Inktomi included Novell and Cisco Systems.
By the time the firm went public in June 1998, it had partnered with some of the industry's largest players and expanded into Europe and Asia.
The firm focused on expansion after the IPO. In September of 1998, Inktomi purchased C2B Technologies, a producer of online shopping comparison software.
Enhanced Traffic Server and IPO: 1998
By the end of 1998 Inktomi was the leading caching provider with a one-third market share, according to the Internet Research Group.
During the first six months of fiscal 1998, Inktomi gained more customers: Wired Digital now accounted for 59 percent of the company's revenue, NTT accounted for 6 percent, and Microsoft accounted for 20 percent.
HotBot version 5.0, released in mid-1998, marked a shift from Unix to Windows NT. The new version, which featured a new interface as well as a change in server infrastructure, was designed to increase usability and offer new features.
Basch’s story begins in 1999.
Growth and First Profitable Quarter in 2000
In 2000, revenues tripled for the third year in a row; network products accounted for nearly 70 percent of the total.
As part of the firm's effort to focus on its Content Networking offerings, it sold the Inktomi Commerce engine to ecentives Inc. in March 2001.
Harbrecht, Douglas. "Inktomi Scours the Net for Profits." BusinessWeek Online, April 4, 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.
An article written by Danny Sullivan for Search Engine Watch on 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 engine AllTheWeb.
Economic Slowdown Affecting Expansion, Capitalization in 2001
2001: Content Bridge alliance, spearheaded by Inktomi, begins limited operations.
By 2001, the firm's partner and customer base included the likes of America Online Inc. (AOL), Ameritech, Cisco Systems, Compaq Computer Corp., Intel Corp., Microsoft Corp., Sun Microsystems Inc., Nextel Communications, and Yahoo! Inc.
For the future, CEO David Peterschmidt expected the company to return to profitability in 2002.
In 2002, after the burst of the dot-com bubble, the company was restructured by Keyur Patel who joined Inktomi as investor, and senior vice president, strategy, marketing and technology.
The company's acquisition by Yahoo at the start of 2003 heralded a new dawn for this pioneering search tool and although its technology is central to Yahoo!'s search engine database, the Inktomi search engine brand has now been absorbed and it has disappeared as a standalone search engine.
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.
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Inktomi competitors
| Company Name | Founded Date | Revenue | Employee Size | Job Openings |
|---|---|---|---|---|
| SugarCRM | 2004 | $60.0M | 450 | 9 |
| Delta Technology LLC | - | $140.1M | 1,500 | 7 |
| Sumo Logic | 2010 | $300.7M | 800 | 7 |
| VMware | 1998 | $13.4B | 31,000 | 4 |
| Boingo Wireless | 2001 | $237.4M | 411 | 19 |
| Syntellect | 1984 | $100.0M | 375 | - |
| Akamai Technologies | 1998 | $4.0B | 8,800 | 52 |
| Fusion-io | 2006 | $432.4M | 938 | - |
| NCube | 1983 | $1.0M | 1 | - |
| iPass | 1996 | $54.4M | 158 | - |
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