During a conference call Wednesday, analysts responded favorably to Verity's decision to reach out to smaller customers, "where, admittedly, we've struggled because of our higher-end product," said president Anthony Bettencourt. Steve Jue, an analyst with RBC Capital Markets, called the deal "a great technology acquisition at a very attractive price."
Once the purchase receives regulatory and shareholder approval, Verity will take possession of Inktomi's search, categorization, and content-refinement tools, as well as its XML technology assets. In addition to the cash payment, the knowledge-management vendor will assume Inktomi's obligations to enterprise search customers, including support. The transaction is expected to close within 60 days.