Blinkx Skyrockets Following AIM Launch
Blinkx is a top-of-the-line video search engine, but the people who run it might want to consider a new line of work. After all, following Blinkx’s launch on the Alternative Investment Market (AIM), the company raked in exactly what they predicted: 25 million pounds. Yes, those guys (and gals) would do quite well on the stock market.
Of course, with 25 million pounds pouring in, it’s not like they need new jobs; that sum is equal to almost $50 million. Following the launch, Graeme Wearden of the Guardian Unlimited also notes that Blinkx’s overall value “has now soared to £180m” (or $355 million).
Still, while Blinkx’s financial success is impressive, its search engine is shaping up to be something remarkable. Note the “shaping up” – the engine isn’t there yet, if only for its lack of name recognition next to YouTube – but, as WebProNews has noted in the past, the site uses tools like speech-to-text technology, and the term “Google killer” has been mentioned more than once.
Blinkx should also benefit from the large number of partnerships it’s established with content providers, and, as of today, it has one more to brag about. “Under the terms of the agreement, blinkx will transcribe and index Travelistic’s library of user-generated and professionally produced footage,” a press release revealed.
Travelistic is run by Diversion Media, and that company’s founder and CEO, Nicholas Butterworth, stated, “Blinkx’s search rocks.” The same might be said of the video search engine’s day in general.