VirtualWorks Purchases Natural Language Processing Firm
July 8, 2016
Another day, another merger. PR Newswire released a story, VirtualWorks and Language Tools Announce Merger, which covers Virtual Works’ purchase of Language Tools. In Language Tools, they will inherit computational linguistics and natural language processing technologies. Virtual Works is an enterprise search firm. Erik Baklid, Chief Executive Officer of VirtualWorks is quoted in the article,
“We are incredibly excited about what this combined merger means to the future of our business. The potential to analyze and make sense of the vast unstructured data that exists for enterprises, both internally and externally, cannot be understated. Our underlying technology offers a sophisticated solution to extract meaning from text in a systematic way without the shortcomings of machine learning. We are well positioned to bring to market applications that provide insight, never before possible, into the vast majority of data that is out there.”
This is another case of a company positioning themselves as a leader in enterprise search. Are they anything special? Well, the news release mentions several core technologies will be bolstered due to the merger: text analytics, data management, and discovery techniques. We will have to wait and see what their future holds in regards to the enterprise search and business intelligence sector they seek to be a leader in.