COGITO® Semantic Software Sales Thrive Amidst Economic Downturn, 6-24-2009
New York, NY – June 24 – System, leading provider of semantic software that searches, discovers, classifies and interprets unstructured text information, today announces its financial and operative results for 2008 and 2009 (in progress), marking positive growth of the company and defying the global recession trend.
Following the opening of it’s U.S. office in 2008, Expert System has increased it’s production value by 21% (more than $13 million in yearly revenue). The health of the company has generated a need for hiring during a time when new employment opportunities are scarce.
A positive balance obtained thanks to important contracts with new customers, such as MPS, AGI, Findomestic, Autostrade per l’Italia, Poste, Confcommercio, joining already existing customers, among which Eni, Telecom Italia, Ministero della Difesa, Il Sole 24 Ore, Camera dei Deputati, RCS, Wind etc. The Expert System group ha also signed new agreements with partners operating in the Mobile and IT field – most recently with Oracle, Accenture, RIM and Engineering – and has consolidated strategic partnerships with Elsag Datamat, Avanade and others.
Last year was a hallmark in product development as well. Building off Expert System’s COGITO semantic engine, four new solutions were launched:
– COGITO Monitor (launched April 2008) – a semantic-based analyzer of consumer opinions and sentiment from online forums and blogs;
– COGITO Focus (launched June 2008) – a revolutionary search and analysis engine for the strategic management of information inside and outside an organization;
– COGITO Semantic Advertiser (launched September 2008) – a semantic platform that automatically processes the meaning of text to ensure ad placement is relevant to its assigned Web pages; and
– COGITO Answers (launched December 2008) – a semantic suite incorporating a Natural Language Interface (NLI) designed for enterprise search and customer self help on mobile devices.
Validating Expert System’s product and technological innovation, the company has won several awards including COGITO Answer’s recognition as the Best Customer Care Solution at the prestigious Global Mobile Awards 2009; a third-place finalist award out of 300 entries for the CTIA Emerging Technology Award for Innovation in Pro-sumer/Business Productivity; and a finalist selection in the SIIA CODiE Awards for Best Enterprise Search Engine. Furthermore, Expert System was included in the Gartner Magic Quadrant for Information Access Technology among leading enterprises such as Oracle, IBM and Google.
“Last year [2008] was a banner year for Expert System with a new corporate presence in the U.S, the introduction of four new ground-breaking products and a surge in enterprise interest in semantic technology,” said J. Brooke Aker, CEO of Expert System, U.S.A. “We’re so proud of our accomplishments and we plan to continue to enhance our semantic search engine, invest in strategic partnerships and expand the company worldwide in 2009.”
