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Weekly News Digest

March 18, 2002 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITI’s Twitter account: @ITINewsBreaks.

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Convera Acquires Semantix, Inc.

Convera has announced the acquisition of Semantix, Inc., a company that specializes in cross-lingual processing and computational linguistics technology. According to the announcement, the acquisition of Semantix, which includes its engineering personnel and intellectual property, is expected to help Convera derive greater revenues through the direct sales of language modules to new and existing customers. In addition, the Semantix purchase broadens the linguistic capabilities of the Convera RetrievalWare search-and-retrieval technology—specifically in the areas of cross-lingual search and the continued development of language capabilities—to support the needs of specialized vertical markets, such as the government intelligence community.

With the addition of Semantix's cross-lingual search capability, Convera says it's now the first search vendor to offer a commercial off-the-shelf solution that allows users to enter a search request in one language and receive relevant result documents in several different languages (i.e., submit a search in English, then receive relevant English, French, Spanish, and German documents). According to the announcement, Convera's cross-lingual search capability is an enhancement to the new version of RetrievalWare 7.0, which is expected to be launched later this month.

Convera acquired Semantix for 900,000 restricted shares of Convera common stock. Semantix now becomes a wholly owned subsidiary of Convera under the name Convera Canada, Inc. and functions as a research-and-development center based in Montreal.

Sources: Convera



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