It was three years ago – June 17, 2004, I first met with Blinkx, a toddler of a start-up, showing off a tiny little downloadable software that added context to search – be it on your desktop or on the web. To say the least, I was suitably impressed.
It was at the forefront of the desktop search concept that soon gathered momentum leading up to products like Google Desktop and Microsoft Vista’s built-in search features. However, somewhere around this time, Blinkx lost its plot, and started expanding into other categories.
In other words, there wasn’t a hot market the company didn’t try to chase. First blogs, then audio, and then video search. Chasing the hot markets also prompted rumors that it was going to be bought out, with News Corp., as a likely suitor.
A spinout of Autonomy, a British company, Blinkx, which used proprietary technologies developed by Autonomy, never really gained traction in any specific market. Blinkx co-founder Suranga Chandratillake, a nice, thoughtful and intelligent fellow, told the story many times, but somehow Blinkx lost some of its sheen.
So today, when I read the news, that Autonomy was going to spin-in Blinkx and combine it with its mysterious consumer Internet business and take it public on AIM, all the pieces finally fell in place: Blinkx has finally found its purpose. To make Autonomy executives rich. Michael Lynch, the Autonomy CEO who owns 10% of Autonomy.
As Liz points out the company has neither the traffic nor traction to really justify a $150-to-500 million dollar IPO. Still it has two buzz words going for it – video and search. That should be enough for the gullibles.
4 thoughts on “Blinkx, finally serves its purpose”
did anyone else catch the irony, blinkx is losing it’s autonomy by spinning into autonomy? Or maybe its just 130a in India and I’m bored and browsing on my blackberry.
Totally agree…there is nothing there to justify a 100-500 million IPO
Have Autonomy used shareholders money to build Blinkx? This is all looking very strange – I wonder what the SEC would think? I agree with the above point – where is the Autonomy consumer division? I have never seen any result of it in recent years. We also need to remember that Autonomy was a has been until they bought Verity. Now the market loves them. Does anyone else have trouble understaning that??
Hang on a minute, wasn’t this the place that was raving about search and the wonderful world of video search ? Don’t get me wrong this is one for the gullibles but what makes this video search less attractive than the “me toos” ?