International Business Machines Corp. (NYSE:IBM) Acquires Certain Tech From Blekko

International Business Machines Corp. (NYSE:IBM) has acquired certain tech from search Engine company Blekko. The startup Blekko had developed a web search engine that claimed to get rid of spams and went on offensive against Google in that front. It is however not yet known, what exact tech has been acquired by IBM.

Does this analyst foresee a long-term upside in IBM?

Blekko was co-founded in 2007 by Rich Kenta, who was also created Newhoo which was acquired by Netscape. Blekko started off with a bang and made quite a ripple in the beginning and raised $24 million in Venture Capital. The company aimed at providing useful search results without extraneous links provided by Google. Blekko therefore targeted the spam results; they did this by rating websites as trustworthy and other similar manoeuvre.

An International Business Machines Corp. (NYSE:IBM) post mentions that to increase its performance in cognitive computing system, it has acquired “certain tech” from Blekko. It however did not mention the exact tech that was acquired. It can however be speculated that the tech acquired is the search engine. This is so because the home page of Blekko redirects to a post claiming that Blekko’s search capacities will be used to crawl the web and deliver information to the tech acquired from Alchemy to “refine”. The information will then be delivered by Watson’s system.

Blekko started off with much fanfare and also raised important issues like spams in search engine results. However, Google caught up with the issues and since then has been able to put many other search engines which came in the last decades, out of business. This ability of Google to constantly adapt combined with its preeminent position in the search engine market has ensured that it has no serious competitors.

Blekko is one of many startups that launched search engines; it has however been out of the news for about two years now after going against Google on spam pages issue in 2011. Blekko joins many other start-ups that have failed to compete with search engine juggernaut Google.

 

Enter Email Here

START HERE: Get Your
FREE Report On This Stock

To reeive our FREE investing report and weekly alerts, enter your information below!

Your privacy is important to us. We’ll never share your information.

 

 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of USmarketsDaily.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

https://www.USmarketsDaily.com/disclaimer

 











 

John Eisler

John Eisler

John is a special projects and general assignment reporter, noted for breaking several exclusive stories.