(Cambridge, UK and Boston, MA - July 26th 2011) This month marks the company's 10 year anniversary, a milestone of which the company is very proud. First established in2001, Linguamatics goes from strength to strength. TheI2E technology was developed in-house by the original four founders, three of whom remain within the leadership team.
I2E is now the leading natural language processing-based text mining software for knowledge discovery. Its flexibility and capability are such that it could benefit any company ororganization, but it first found success in the pharmaceutical industry, where competitive advantage is clearly based on exploiting internal and external knowledge. Now used by nine of the top 10 global pharmaceutical companies,I2E is also proving popular with healthcare organizations, government, research institutesand academia.
"We knew that language processing could get people relevant information much faster than traditional searchmethods. However, previous systems needed reprogramming for different questions: we wanted to give users the flexibility to extract any informationthey wanted", adds David Milward, CTO and Co-Founder.
According to John Brimacombe,Executive Chairman, the company's goal is to provide "the text mining platformthat you simply can't afford to live without". Loyalty among Linguamatics'customers is strong, with license renewals year-on-year running at anexceptional 95% of the customer base. Roger Hale, Chief Operating Officerand Co-Founder, points out: "We provide an exceptionally high level of customerservice to very successful organizations, who expect the highest standards of professional and technical capability".
Certainly the software is backed bystringent quality processes. Head of QA and Co-Founder, James Thomas,knows better than most that behind every great software platform are thepeople, processes and procedures required to ensure successful delivery. "We have to work hard to keep up with the range of demands for the product,which is challenging but exciting work. As a result, we find that we canattract some of the most highly qualified and experienced technicalprofessionals in our market".
Currently, applications of thesoftware span from R&D to commercial and competitive intelligence in lifesciences and related fields. However, the power of the text mining platform hasfar wider potential application. For example, Linguamatics was recentlyfunded by the UK Technology Strategy Board to demonstrate how "externalchatter" (such as Twitter and blogs) can provide early warning in near realtime of economic or security problems.
Phil Hastings, SVP, Sales andMarketing, joined the company from Accelrys. Phil has overseen the rapidexpansion of worldwide sales, including new customer acquisition in NorthAmerica, Europe and the Far East. During this time, the company alsoestablished a second office in Boston, MA, reflecting the continually growingcustomer base in that region.
Linguamatics has achieved rapidgrowth without external investment, based on software and consulting revenues,and has been consistently profitable from day one. Notably, the companycontinues to grow despite the current challenging economic climate.
What will the future be? Watch this space. Linguamatics promises another journey to discovery…
ABOUT LINGUAMATICS LTD
Linguamatics enables organizations to maximize the value derived from information resources through effective deployment of innovative natural language processing (NLP) based technology.The versatile semantic knowledge discovery 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, analyzing and synthesizing 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 withI2E deployed in nine of the top ten global pharmaceutical companies.The company was founded in 2001, and is headquartered in Cambridge, UK.
The Linguamatics logo is a trademark of Linguamatics Limited.All rights reserved. All other trademarks mentioned in this document are the property of their respective owners.
For further information please contact:
Sue Ziobro, Head of Marketing
Tel: +44 (0) 1223 421 360