X1 Gains Additional Funding
July 6, 2009
I heard that X1 had been seeking additional funding. Until I read the SocalTech.com story, “X1 Technologies Gains New Funding, CEO” here, I was in the dark about the company’s financial status. Along with the money, other changes were reported by SocalTech.com; for example:
- The cash came from Idealab, the outfit that funded Overture which was sold to Yahoo. (Google learned a little from its observation of Overture I have heard.)
- John Waller has been promoted to Chief Operating Officer
- Bill Gross has rejoined the firm’s Board of Directors.
X1 has pushed from its high speed desktop information niche into the enterprise. My tests of the system a year ago revealed that the product was indeed a speedy indexer, easily able to keep pace with new email and other content at which I pointed the system. I prefer considerable control over a search system, and X1 made it harder for me to customize its system that I liked.
In the last year, the company has focused on making the product snap into Microsoft SharePoint as well as retaining the company’s core competency in email indexing. The product is on my list for a review later this year. You can get more information about X1 here. You can download a trial of the desktop system here.
Stephen Arnold, July 6, 2009
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