Expert Systems Acquires TEMIS
June 22, 2015
In a move to improve its product offerings, Expert System acquired TEMIS. The two companies will combine their assets to create a leading semantic provider for cognitive computing. Reuters described the acquisition in very sparse details: “Expert System Signs Agreement To Acquire French TEMIS SA.”
Reuters describes the merger as:
“Reported on Wednesday that it [Expert System] signed binding agreement to buy 100 percent of TEMIS SA, a French company offering solutions in text analytics
- Deal value is 12 million euros ($13.13 million)”
TEMIS creates technology that helps organizations leverage, manage, and structure their unstructured information assets. It is best known for Luxid, which identifies and extracts information to semantically enrich content with domain-specific metadata.
Expert System, on the other hand, is another semantically inclined company and its flagship product is Cogito. The Cogito software is designed to understand content within unstructured text, systems, and analytics. The goal is give organizations a complete picture of your information, because Cogitio actually understand what is processing.
TEMIS and Expert System have similar goals to make unstructured data useful to organizations. Other than the actual acquisition deal, details on how Expert System plans to use TEMIS have not been revealed. Expert System, of course, plans to use TEMIS to improve its own semantic technology and increase revenue. Both companies are pleased at the acquisition, but if you consider other buy outs in recent times the cost to Expert System is very modest. Thirteen million dollars underscores the valuation of other text analysis companies. Other text analysis companies would definitely cost more than TEMIS.
Whitney Grace, June 22, 2015
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
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