|Fate||Acquired by Yahoo!|
|Founded||February 13, 1996|
|Headquarters||Foster City, California|
|David C. Peterschmidt, Chairman & CEO|
|Revenue||$112 million (2002)|
|-$500 million (2002)|
|$145 million (2002)|
|$46 million (2002)|
Number of employees
|200 (November 2002)|
|Footnotes / references|
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.
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.
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. The tri-color nested cube logo was created by Tom Lamar in 1996.
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.
In September 1998, the company acquired C2B Technologies for $95 million in stock, adding shopping engine technology to its portfolio.
In November 1998, the company raised additional capital at a 688% premium to its IPO price 5 months earlier.
In March 1999, CEO David Peterschmidt said that Inktomi would become an "arms merchant" to a growing number of content delivery network service providers. 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.
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.
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.
in July 2001, the company acquired eScene Networks, which developed software that provided an integrated workflow for the management and publishing of video content.
In March 2000, the company's stock peaked at a price of $241 per share.
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.
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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