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Weekly News Digest

January 16, 2006 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITI’s Twitter account: @ITINewsBreaks.

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AOL Gains Video Search Engine

America Online, Inc. (http://www.corp.aol.com) announced it has acquired Internet video search pioneer Truveo, Inc. (http://www.truveo.com). Financial terms were not disclosed. Truveo was previously privately held and financed by strategic venture and angel investors. Truveo, based in Burlingame, Calif., was co-founded by CEO Tim Tuttle and CTO Adam Beguelin in January 2004. Truveo subsequently launched its video search engine technology in September 2005.

Truveo uses a proprietary Web crawling technology called Visual Crawling. This technology has enabled Truveo to amass a comprehensive index of high-quality, current video on the Web. The companies say the strength of Truveo's Visual Crawling is its ability to automatically discover video files and related information on complex, dynamic Web pages—a task that has been notoriously challenging for existing conventional crawling technologies. Truveo's technology continuously crawls the most popular video content sites on the Web in real time to provide consumers with the most updated and relevant results that include breaking news, sports, and entertainment video. And, as a result of this approach, Truveo's video search engine includes a large selection of popular video that reportedly cannot be found in any other search engine.

Truveo will be integrated within AOL's existing search and video products (http://aol.com/video) in the coming months, to deliver a single, video "one-stop-shop" search experience. AOL purchased Seattle-based Singingfish in November 2003 and launched its AOL Video Search in June 2005.

Source: America Online, Inc.



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