GoTo.com said it signed an agreement under which Inktomi will provide GoTo with its search capability as a complement to GoTo’s market-driven search engine.
GoTo.com is a search engine that allows Web sites to purchase placement within search results using a real-time competitive bidding process. Inktomi’s award-winning search engine provides advanced functionality and coverage of more than 110 million documents.
“Inktomi has created an extremely large and comprehensive index of Web sites,” said Jeffrey Brewer, CEO of GoTo.com. “Adding their search capability to our market-driven advertising model ensures our users have access to the most comprehensive search results on the Internet.”
“GoTo.com has created an innovative vehicle for providing users with the
companies that offer highly relevant products, services and information,” said
Alex Edelstein, general manager of Inktomi’s search business. “We’re pleased
to work with GoTo to insure that their users are delivered the most
comprehensive search results on the Web.”
Financial arrangements of the deal were not disclosed.
GoTo.com is an idealab! company, founded in late 1997. Jeffrey Brewer, co-founder of CitySearch, was named CEO in February 1998. GoTo.com recently closed its first round of financing led by Draper Fisher Jurvetson, and the company officially launched its site and a consumer marketing campaign on June 1. The site now claims 25 million impressions per month.
