LINGUAMATICS OUTPERFORMS TARGET OF 50% GROWTH YEAR-ON-YEAR
(22 April 2010, Cambridge, UK) Linguamatics, a leader in enterprise text mining, today announced that sales revenue in 2009 exceeded $5million, significantly outperforming the Company’s target of 50% growth year-on-year. The increased revenue comes from sales of both software licenses and associated professional services.
Linguamatics’ agile text mining software provides rapid discovery of new intelligence from unstructured text. Organizations face the challenge of filtering ever-increasing volumes of text information to gain actionable knowledge. However, Linguamatics’ I2E software enables them to exploit available information and find intelligent answers to high value questions in real time.
Commenting on the Company’s performance in 2009, John M. Brimacombe, Executive Chairman of Linguamatics, said: "Linguamatics' unprecedented growth reflects our ability to respond effectively to expanding demand for text mining with our innovative I2E software platform. We see potential for significant growth to continue in 2010 and beyond. Customer retention continues to be excellent as they prove the value of agile text mining to inform decision-makers across the organization, and exploit the technology in more applications. Linguamatics is setting the standard for agile text mining that can directly drive decision making."
ABOUT LINGUAMATICS
Linguamatics helps organizations to maximize the value derived from information resources through effective deployment of innovative natural language processing (NLP) based technology. The versatile interactive information extraction system, I2E, helps organizations to do much more than simply cope with vast quantities of information. Its unique combination of search and text mining enables organizations to turn this information into a competitive advantage. From life sciences and healthcare to business intelligence, from media analysis to security, users mine large collections of documents, extracting relevant facts, relationships and quantitative data from content such as scientific papers, news feeds, patents, or internal reports. Linguamatics has a rapidly growing user community with I2E deployed at most top-10 pharma companies. The company was founded in 2001, and is headquartered in Cambridge, UK with US operations in Newton, MA, USA.
The Linguamatics logo is a trademark of Linguamatics Ltd. All rights reserved. All other trademarks mentioned in this document are the property of their respective owners.
For further information please contact:
| Linguamatics Judith Bandy Tel: +44 (0)7912 944385 Email: judith.bandy@linguamatics.com www.linguamatics.com |
College Hill Life Sciences Lorna Cuddon, Katie Odgaard Tel: +44 (0)207 866 7858 Email: lorna.cuddon@collegehill.com, katie.odgaard@collegehill.com |