Bridgeline Digital Inc. (NASDAQ:BLIN) jumped 35% after its partner network own over 20 site search licenses during the quarter for HawkSearch and Celebros. The company’s COE Ari Kahn said that the expansion of Bridgeline’s partner network is a massive milestone for the company this year. In addition, he said that following HawkSearch’s recent acquisition and its expansive partner network, the company has now made considerable progress in winning license sales to governments and major institutions, something Bridgline will not have achieved on its own.
Currently, Bridgeline’s partners include Magenta, AmericanEagle.com, Oro Commerce, BigCommerce Shopify, SAP, and Salesforce. The combination of HawkSearch and Celebros enables the companies to utilize the search market with enhanced capabilities such as machine learning, personalization, and recommendations and trends to offer hyper-relevant and accurate search results.
Michael Benedict, Bridgeline’s EVP Revenue and former HawkSearch GM said that HawkSearch’s partners have been bringing new customers each quarter over the years. So, in the coming weeks, BLIN is a stock to watch.
On Thursday, BLIN stock soared 34% to $5.75 with more than 80.32 million shares, compared to its average volume of 2.34 million shares. The stock has moved within a range of $ 4.73 – 6.78 after opening the trade at $6.14 Over the past 52-week, the stock has been trading within a range of $4.73 – 6.78.