BLINKX

Company Name: BLINKX
Stock Market: AIM (LSE:BLNX)
Industry Sector: Computer Services
Market Capitalisation: £36.13 million (as of March 5, 2009)
Yearly Revenue: £6.5 million (as of March 31, 2008)
Operating Income: £8.3 million (loss)
Net Income: £20.7 million (loss)
Total Assets: £ 43.3 million

Key People: Anthony Bettencourt (non-executive chairman of the board), Suranga Chandratillake (chief executive officer, director), Jonathan Spira (chief financial officer)
Headquarters Address: Blinkx, 21 Arlington Street 2nd Floor London SW1A 1RN, United Kingdom
Number of Employees: 43 (as of March 5, 2009)
Website Address: www.blinkx.com

Company Overview

Blinkx is an Internet search engine that provides video and audio content that allows exploring and classification of video clips, audio files, and streaming media. The company’s video search engine changes by means of speech recognition to listen to the audio module of the video content, and then utilises both the text and phonetic transcripts to match the content with search queries and qualify online video. Blinkx also searches and indexes podcasts and video blogs. The company claims to be the biggest deep indexed video exploration engine with 26 million hours of indexed video and agreements with more than 350 content companies, including national broadcasters, private video libraries, and commercial media giants. Blinkx product portfolio includes Blinkx It, Blinkx Remote, Blinkx Video Wall, and the Blinkx Pico. The company includes other products such as Blinkx Red Label, Blinkx AdHoc, Blinkx.com, Blinkx Advanced Media Platform, Blinkx Brasil, Blinkx beat, and Video SEO. Blinkx AdHoc is a platform of video advertising. In April 2008, the company introduced Blinkx Broadband Television (BBTV). Blinkx BBTV employs visual and speech recognition technology to deliver television experience simultaneously on the Internet, and connect it to the web’s information universe. Blinkx was launched by the former Autonomy Corporation CTO, Suranga Chandratillake, in 2004.

Blinkx is an award-winning video device that enables users to incorporate video into their own sites using only a few clicks. This simple tool allows casual website builders and bloggers to improve their personal websites, blogs, or MySpace pages with applicable video streams. Blinkx is easy to install. Users just go to Blinkx and insert the code directly into their blog, either as a Video Wall, or as a drop-down menu. Once in position, Blinkx draws on many hours of video and audio in the index of Blinkx, making it easy to install highly-customized video channels and pizzazz to any website or blog post.

Current Financial Overview

Blinkx increased 6.8 percent after the company revitalised its proposal to purchase MIVA at an amended price of $0.55 per share and declared a partnership with Howcast. The offer for MIVA signifies a 108% premium above the common stock of MIVA closing rate on November 18, 2008.

The company believes that there is essential value in the business of MIVA and actual potential to increase the shareholders’ value through the anticipated transaction, according to Founder and Blinkx CEO, Suranga Chandratillake. In addition, he said that How-to videos are currently in very high demand and the company is delighted to associate with some of the world’s top how-to video sites, recently Howcast.