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Press Releases

Infonic Merges its Text Analytics Business with Lexalytics

Boston, MA—July 27, 2008Infonic plc, the UK AIM-listed provider of innovative information management software, announces it has signed an agreement to combine its text analytics division with Lexalytics, Inc., a U.S. company based in Amherst, Massachusetts. The text analytics divisions of both companies will be combined in a UK company which will be called Lexalytics […]

Boston, MAJuly 27, 2008

Infonic plc, the UK AIM-listed provider of innovative information management software, announces it has signed an agreement to combine its text analytics division with Lexalytics, Inc., a U.S. company based in Amherst, Massachusetts. The text analytics divisions of both companies will be combined in a UK company which will be called Lexalytics Limited. Infonic and Lexalytics are providers of proprietary text analytics technologies, both companies’ solutions automatically analyzing and summarizing the underlining sentiment of large amounts of unstructured data. Their technologies have a variety of powerful applications, such as in the financial services sector analyzing at high speed the sentiment behind multiple news stories on company stocks. Infonic’s software is being used by Thomson Reuters, Factiva and others to analyze the sentiment behind the content of data feeds. Lexalytics’ software is used to provide text mining and text analytics functionality to clients in the public relations, marketing, eDiscovery, business intelligence and financial services sectors, its software being used with the solutions of a number of other providers, such as ScoutLabs, Cisco, Smartbrief and Burrelles Information Services LLC. Lexalytics, Inc. has 14 employees based in Massachusetts. “We are very pleased to be announcing this merger today. The parties have been working toward this for almost six months and feel that our new company will comprise the most competent team in the text analytics field,” said Mark Thompson, Chief Executive of Infonic. “In Lexalytics we have found a group of people who share our passion for the power of text analytics, particularly sentiment analysis, where we feel the new entity will be the undoubted leader.” The rationale behind combining the businesses is to pool the expertise and complementary products of the parties in this specialist area and to drive joint growth in sales, utilizing Infonic’s global sales capabilities. “This is a great deal for both parties. We have experienced increasing demand for our innovative sentiment solutions and combining our corporate and PR product focus with Infonic’s formidable financial sentiment engine allows us to cover a much broader customer base,” commented Jeff Catlin, CEO of Lexalytics, Inc. and the new Managing Director of Lexalytics Limited. “We had looked closely at several ways of growing our business which included conducting detailed negotiations with venture capital firms, however, we feel this gives us greater scale and market-dominance in a much shorter timeframe. We are genuinely excited about what we can achieve together.” The deal values the merged entity at $40M. Lexalytics Limited will issue a further announcement on completion of the transaction.

About Lexalytics®

Processing billions of unstructured documents every day globally, Lexalytics is the industry leader in translating text into profitable decisions. Lexalytics deploys state-of –the-art cloud and on-prem text and sentiment analysis technologies that transform customers’ thoughts and conversations into actionable insights. The on-premise Salience® and SaaS Semantria® platforms are implemented in a variety of industries for social media monitoring, reputation management and voice of the customer programs. Based in Boston, MA, Lexalytics has offices in the US and Canada. For more information, please visit www.lexalytics.com, email sales@lexalytics.com or call 1-617-249-1049. Follow Lexalytics on Twitter, Facebook, and LinkedIn.

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Other Press Releases

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2015-12-15 Lexalytics®’ Text Analytics Software Airlines Industry Pack
2015-12-03 Lexalytics® to Present on Text Analytics at Gilbane Conference 2015
2015-11-23 Lexalytics® Adds Polish Language Support
2015-10-21 Lexalytics® Hospitality/Restaurant Industry Packs Simplify CEM
2015-09-29 Lexalytics Adds Danish, Norwegian and Swedish
2015-06-03 Lexalytics® Enhances Feature-Rich Salience® Analytics Software
2015-05-12 Lexalytics® Unveils Text Mining and Sentiment Analysis Wizard
2015-04-23 Lexalytics to Present at Text by the Bay Conference
2015-04-15 Lexalytics’ Adds Arabic, Russian, and Dutch
2014-12-08 Lexalytics Adds to Text Analytics, Includes Intention Analysis
2014-11-06 Lexalytics Launches Pain-Free Text Mining Customization
2013-10-23 Lexalytics Announces Availability of Salience in Chinese
2013-09-04 Lexalytics to Sponsor Brighton Data Storytelling Hackathon
2013-06-20 Lexalytics Announces Availability of Salience 5.1.1
2013-04-25 Semantria & Lexalytics Give API Access for Viafoura Hackathon
2012-11-08 Lexalytics Announces Portuguese Native Phrase-Based Sentiment
2012-10-17 Lexalytics Announces Spanish Native Phrase-Based Sentiment
2012-06-14 HStreaming & Lexalytics Deliver Text Analytics for Big Data
2012-06-12 Lexalytics & FutureEverything Capture Opinion of 2012 Olympics
2012-05-31 Lexalytics Announces Speakers for Upcoming User Conference
2012-05-31 Angoss Software and Lexalytics Form Partnership
2012-04-04 Lexalytics Powers New Bitly Reputation Monitoring Service
2011-04-12 Lexalytics Announces Salience 5.0
2011-03-07 MediaVantage & Lexalytics Offer Multi-Lang Sentiment Analysis
2010-12-07 Lexalytics Predicts State of Text/Sentiment Analysis Market 2011
2010-11-29 DataSift Taps Lexalytics to Help “Tune Your Data”
2010-09-20 Lexalytics Unveils Sentiment Analysis of Emoticons, Acronyms
2010-06-30 Lexalytics Releases Salience 4.3
2010-05-24 Lexalytics Expands into New Markets
2010-05-16 Lexalytics Moves to Boston
2010-05-04 bit.ly to Join Lexalytics at 6th Text Analytics Summit
2010-03-23 Lexalytics Unveils Lexascope Web Service for Social Media & Sentiment Analysis
2010-03-09 Lexalytics Discusses Text & Sentiment Analysis Trends
2009-10-20 Lexalytics, Inc. Joins Endeca Extend Partner Program
2009-06-24 Lexalytics Enters Into Agreement With First Coverage To Provide Text Analytics Solution
2009-04-05 Text Analytics Leader Lexalytics Releases Salience 4.1 Offering Entity Management Toolkit for Better Entity Detection
2008-10-21 Text Analytics Leader Lexalytics Releases Salience 4.0 Delivering Improved Entity Extraction and Sentiment Scoring
2008-10-09 Lexalytics Unveils The “ExecDex” Who’s Hot Ranking System For Top Business Leaders
2008-10-01 Lexalytics Hires VP of Engineering
2008-09-21 Top Market Intelligence Companies Turn to Lexalytics for Powerful Sentiment Analysis
2008-09-07 Lexalytics signs Conversition and mBLAST
2008-09-02 Market Intelligence Content Gathering Tool Harnesses the Power of Text Analytics to Deliver Relevant, Actionable Business Information
2008-07-27 Infonic Merges its Text Analytics Business with Lexalytics
2008-05-19 Lexalytics Named As Finalist For the 2008 MITX Technology Awards
2008-03-16 Lexalytics CEO, Jeff Catlin, to Address Attendees at New Communications Forum 2008
2008-02-25 Lexalytics Releases 2008 Presidential Campaign Blog Sentiment Survey
2008-01-14 SmartBrief Signs Agreement to Integrate Lexalytics Classification Solution