Inktomi Corp. Wednesday announced plans to acquire software maker Quiver Inc. in a move designed to bolster its products for searching the Web.
Inktomi, based in Foster City, California, provides search technologies that companies can integrate with their Web sites. It also sells products that speed the flow of content across the Internet, such as caching applications and edge server software.
It will use Quiver's technology to strengthen the search products it sells to large businesses, the company said in a statement. In particular, it will tap Quiver's categorization and taxonomy software. The combination of the two companies' products should improve search times and display search results in a more readable way, Inktomi said in the statement.
Inktomi will purchase Quiver for approximately US$12 million in both cash and stock, the company said in a statement. The deal still hinges on standard regulatory approvals.
Quiver, based in San Mateo, California, is best known for its Quiver Knowledge Suite product.