Kanisa Buys Jeeves Solutions
Kanisa struck another blow for consolidation in the search space with the acquisition of AskJeeves' Jeeves Solutions enterprise software business unit Wednesday.Kanisa Inc. struck another blow for consolidation in the search space with the acquisition of AskJeeves Inc.s Jeeves Solutions enterprise software business unit Wednesday. The deal is valued at $4.25 million. Kanisa, a customer-service software company based in Cupertino, Calif., gets Jeeves Solutions JeevesOne platform, a natural language search product typically used for online customer self-service applications. Company officials said JeevesOne will enable Kanisa to expand its own customer service offerings while gaining access to JeevesOnes 35 customers. The acquisition was hardly surprising as Emeryville, Calif.-based AskJeeves has increasingly focused on its profitable Web search business and was thought to be shopping around its underperforming enterprise search business for some time.
In its most recent quarter, ended March 31, AskJeeves Web properties accounted for $21.6 million of the companys $25.2 million in revenues. Jeeves Solutions revenues slumped to just $3.6 million from $5.3 million the same period the year before.