Name: Suranga Chandratillake
Companies run: Anondesign, blinkx, SelfcastTV
When Suranga Chandratillake created video search engine blinkx he surely can't have imagined that four years later the business would be listed on the London Stock Exchange's 'junior slope' AIM and posting a $4.5m (£2.85m) gross profit for the first six months to September 2008. The 106% gross profit increase on the previous half-year is a sign that blinkx is set to continue impressing on the market, irrespective of a worldwide recession.
That view may need to be revisited later in 2009 but what is irrefutable is that blinkx is in a growing market. Between June 2007 and July 2008 traffic on the site grew 681%. Chandratillake is a technology entrepreneur who previously worked as chief technology officer for Autonomy Corporation, run by British entrepreneur Dr Mike Lynch, a company now valued at $4bn.
Prior to that, while at studying for an MA in Computer Science at Cambridge University, Chandratillake had set up his first web company Anondesign, which provided an application similar to RSS. After working for Autonomy, he left in 2004 to set up blinkx, which launched in 2005 and remains headquartered in San Francisco and London. In May 2007 the company listed on the London Stock Exchange and in January 2009 had a market capitalisation of $350m, due in part, no doubt, to its technology being protected by 111 patents.
The site now boasts more than 32 million hours of video indexed and searchable content and more than 420 media partners, with advertisers paying to advertise against relevant content. Chandratillake himself has become recognised as one of the world’s most exciting entrepreneurs having been named a Power Player in Billboard magazine's 30 under 30, the DEMOgod Winner of DEMO Conference 2007, and one of Digital Media Wire's '25 Executives to Watch in Digital Entertainment'. It's clear both he and blinkx are going in only one direction.
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