Cambridge, U.K. - Autonomy, a provider of enterprise and consumer search technology, announced on Wednesday that it will exercise an option to buy consumer video search provider Blinkx, merge its own consumer search division with the company, and file for an initial public offering on London's AIM exchange next month.

The Times Online reported that analysts expect to see a market value of between $150 million and $500 million.

Autonomy will hold about a 10% stake in the new entity, to be called Blinkx.

San Francisco-based Blinkx, which was founded in 2004 by Autonomy's former chief technology officer and uses technology developed by the company, offers a searchable index of Web video that contains more than 7 million hours of video content.

Related Links:
http://www.autonomy.com/content/News/Releases/2007/0425.en.html

http://tinyurl.com/2ptrqv

http://www.blinkx.com