Expert System Rolls In The Dough

March 7, 2014

Good news for Expert System! According to their press release archive, “Expert Systems Raise $27 Million In IPO.” Expert System specializes in semantic technology. The $27 million was raised in the company’s IPO on the Italian stock exchange AIM Italia, making it the largest in AIM history. With the new funding, Expert System plans to invest in its US firms with a new San Francisco office and additional sales and technical staff.

Expert System saw record growth in 2013. The company offered a range of new products, including its first semantic intelligence API and an end-to-end taxonomy management and categorization platform.

Expert System expects to increase its size in 2014:

“The growing reliance on information to solve business problems is placing increasing demands on software to enhance the effectiveness of search, capture weak signals in information streams and support customer interactions. Expert System is responding to these needs by increasing development of integrations and connectors that brings the power of its semantic technology to existing platforms and traditional applications.”

With that amount of funding and decent product line, Expert System will continue to grow, especially as semantic technology demand rises.

Whitney Grace, March 07, 2014
Sponsored by ArnoldIT.com, developer of Augmentext

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