Press Releases

Boston, MA, June 24, 2009 — Lexalytics, Inc., a software and services company specializing in text and sentiment analysis, today announced it has entered into an agreement with First Coverage, a provider of financial information management solutions. With the agreement, First Coverage will leverage Lexalytics Salience 4 software as a key component of its web-based platform, The Community, which combines the features and functionality of an alpha capture system, a media sentiment engine, and a meeting management tool platform assisting sell-side and buy-side users with streamlining the information sharing process.
Lexalytics technology provides the insight and measurement capabilities needed by financial services organizations to discover, react, and respond to market opinions. First Coverage’s The Community is designed to enhance productivity, ensure important information isn’t overlooked, and instantly connect buy‐side professionals with the people and data most likely to add value to their investment process.
Even as the global economy continues to produce financial challenges, First Coverage not only meets the urgent business imperatives of its clients, but also utilizes Lexalytics text analysis to understand key business drivers and enable customers to achieve marked ROI.
“Lexalytics text analysis software is undeniably useful for the financial services industry as more and more unstructured data is being produced by research firms, traditional media and blogs,” says Jeff Catlin, Lexalytics CEO. “First Coverage has emerged as a leader by creating a platform that helps the buy-side filter through content in a unique way that allows them to identify what is most important in the data. Sentiment analysis enhances the communication process.”
Salience 4 provides the low-level text analytics capabilities of the system, including entity extraction, entity relationships, sentiment analysis, document summarization, and toolkits to help tune sentiment and entity recognizers.