RealTime IT News

All Along the Watchfire

Inktomi Corp. is teaming up with Watchfire, a Canadian provider of automated Web site management software, to offer what it calls "a higher quality search experience across corporate intranets, extranets and Web sites."

Foster City, Calif.-based Inktomi said the deal will leverage its search technology and Watchfire's metadata management software to provide clients with a solution for developing easy-to-find enterprise content. Financial terms were not disclosed.

Clearly Inktomi needs more deals like this, especially ones that are revenue enhancers; the company, which has never made any money since its 1998 IPO, posted a third fiscal quarter pro forma net loss of 17 cents a share last month on revenue of $39.6 million. For the year earlier period, the company recorded a pro forma profit of $4.1 million, or 3 cents a share, on revenue of $57.5 million.

At one time Inktomi's stock traded at $232 a share; today it was up 7 cents to $5.98 in mid-morning trading. Its 54-week low is $2.40.

Watchfire's technology can automate the time-consuming practice of preparing content for search engine indexing. The companies said the alliance will allow customers using Inktomi Enterprise Software to incorporate Watchfire Enterprise Solution to improve their content and help to ensure the information in their networks is best represented to the search engine,

Watchfire's automated solution inserts meaningful keyword metadata (such as page titles, alt tags, author tags and description tags) that enables organizations to incorporate their own business specific keyword metadata.

Founded in 1996, Watchfire customers include Compaq Computer, Lockheed Martin, Motorola and AT&T. The company maintains dual North American headquarters in Kanata, Ontario, Canada and Lexington, Mass. The company also makes analysis and reporting software to help detect and manage Web site errors like slow transactions, broken links, poor searchability, accessibility problems, and privacy compliance problems.