The company boasts an index of 12 million hours in video content.
Blinkx plc was created when the company was spun-off from Autonomy and then set a price of 45 pence per share.
With the takeover, Autonomy is spinning off its consumer division (the technology), merging it with Blinkx Inc (the video search site).
Blinkx founder and CEO Suranga Chandratillake—a former U.S. CTO of Autonomy—told Search Engine Watch in 2005 that Autonomy didn’t have any equity in the search site, but was providing the search technology behind the service. Autonomy has exercised an option to take over the consumer site Blinkx
The technology that powers the site uses formulae to recognize patterns in pictures and sounds, unlike many video search engines that rely on text
Blinkx has striking partnerships with ChaCha, Quintura, the National Geographic Channel, Portfolio.com, Break.com, VideoJug, Motion.TV, YouAreTV, QVC, NBX, the World Fashion CHannel, and several other companies
The company has headquarters in San Francisco, California and London, England. I found the financial information data on PaidContent.
As stocks were being traded, the price rose to 67.5 pence per share. This cause the video search engine to be worth £180 million ($355 million). The site had about $10-12 million invested in it since it founded in 2003.
What the company will do with this much money now is still a mystery.
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