IMPRESSIVE GROWTH FUELS LINGUAMATICS’ MOVE TO NEW LOCATION ON PRESTIGIOUS CAMBRIDGE SCIENCE PARK
Company sees continued strong growth in staff numbers and financial performance
(Cambridge, England and Boston, MA – April 26, 2012)
Linguamatics, one of the most successful young companies in the UK, is pleased to announce that it is moving its headquarters to the prestigious Cambridge Science Park, located 60 miles North of London. This move reflects an impressively consistent financial performance, in spite of the current challenging market conditions. Stable underlying fundamentals include healthy profit margins, strong revenue growth from software sales and consultancy services, plus a strong balance sheet.
According to Roger Hale, Chief Operating Officer and one of the company’s original co-founders, "Linguamatics has seen exceptional expansion over the past 10 years, growing 50% year-on-year due to the success of our text mining software, I2E, in the pharmaceutical and other sectors. We're very excited about our move to the Cambridge Science Park. It's a convenient location with excellent facilities and will give us the space we need to expand our product development and business teams to facilitate our planned growth into new areas. We're truly committed to the company's development and want to create a great place to work."
In addition to taking more space in the UK, a move to a larger US office is expected imminently, reflecting the importance of the North American market to the company.
Linguamatics is the world leader in deploying innovative NLP-based text mining for high-value knowledge discovery and decision support. Linguamatics is privately owned, self-funded and has been cash generating since it was founded in 2001. We provide software and professional services based on our extensive expertise in NLP, life sciences and business intelligence
I2E, our high-performance text-mining platform, is used by top commercial, academic and government organisations, including nine of the top ten global pharmaceutical companies. It has a proven track record in delivering best-of-breed text mining capabilities, covering a broad range of application areas. I2E is available as an in-house enterprise system, a cloud service including patent content and an outsourced managed service.
Typical applications in pharmaceuticals, biotechnology and healthcare include:
Business intelligence applications include social media mining and sentiment analysis.
For further information, visit www.whatistextmining.com.
ABOUT CAMBRIDGE SCIENCE PARK
Established by Trinity College in 1970, Cambridge Science Park is the UK’s oldest and most prestigious science park.
Cambridge Science Park is also Europe’s longest-serving and largest center for commercial research and development. Home to over one hundred successful, high-tech companies, the Park continues to attract new businesses, including start-ups, spin-outs and subsidiaries of multinational corporations.
For further information please contact:
Tel: +44 (0) 1223 651910