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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.

CLICK HERE to view more Weekly News Digest items.

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

Mondosoft Enhances MondoSearch Engine

Mondosoft has announced enhancements to MondoSearch, its site search and reporting solution, to provide corporate customers with efficient and economical search and reporting across their intranets, extranets, and Web sites. With full support for Unicode, MondoSearch 4.4 features search capabilities for 37 languages, including Chinese, Japanese, Korean, and Thai, and offers unique user-authentication functionality for secure content delivery based on user privileges. MondoSearch 4.4 has also been optimized for use with leading content management solutions to allow for quick and easy content delivery, administration, and management.

"MondoSearch 4.4 builds on the successful track record and momentum that Mondosoft is experiencing in the marketplace," said Laust Sondergaard, Mondosoft president and CEO. "The technology enhancements alone provide a level of functionality unique to this market and reinforce our commitment to global delivery of quality search products."

As with most MondoSearch features, the language-customization options are Webmaster-controlled and include automatic language detection for each page, support for simultaneous searches in several languages, flag icons that indicate the language of each page found, programming to ignore trivial words, and specific query expansions per language.

Also available with MondoSearch 4.4 are additional relevancy-ranking options that give Webmasters complete control over document and page rank. In addition, this new release lets company or site-specific icons be displayed in the results page to allow pertinent information to be immediately presented.
Source: Mondosoft

COMTEX News Network Launches Real-Time News Operation in Europe

COMTEX News Network, Inc. has announced that its new subsidiary, the Madrid, Spain-based nFactoryCOMTEX, S.L., will offer real-time news products to the European reseller and corporate markets. COMTEX also announced that it has acquired selected senior management and assets from nFactory.

"We believe the European markets represent a significant opportunity to provide real-time news products customized to meet the needs of major portals, wireless service operators, equity trading and information sites, and corporate intranets," said Charles W. Terry, COMTEX president and CEO. "The combination of COMTEX's real-time news products and nFactory's solid reputation in the European markets provides a strong foundation from which to expand our international distribution."

nFactoryCOMTEX has started operations in Madrid under the direction of Federico Fernandez de Santos Ortiz, who has been named general manager of European operations. Santos, the former general manager of nFactory, will oversee the introduction of COMTEX products into the European markets.

COMTEX News Network, Inc. provides up-to-the minute news and analytical information. Customers receive categorized content compiled from thousands of sources that is further enhanced with an extended lexicon of relevant terms. COMTEX processes about 20,000 news stories each day from domestic and international providers and produces real-time custom news products that are used in over 1,000 Web sites and online financial and business information services.

Source: COMTEX News Network, Inc.

Send correspondence concerning the Weekly News Digest to NewsBreaks Editor Brandi Scardilli
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