Ontotext USA, Inc., a leading provider of semantic technology solutions, announced that the company attained 62 percent year-over-year revenue growth in the USA in 2014 and predicts 100 percent growth for 2015. The company is experiencing significant customer growth across the life sciences, healthcare, media and publishing, government and educational markets.
“We added resources in sales, marketing, alliances and solutions architecture over the past year. Our lead volumes and pipelines have increased dramatically. It is clear that the North American market is becoming reacquainted with our proven semantic technology.” said Tony Agresta, Managing Director of Ontotext USA.
The leading companies have recognized that massive amounts of structured and unstructured data can be semantically indexed inside graph databases for improved search and discovery. Not only are integration and maintenance costs lower because of the nature of RDF triplestores, but search applications pinpoint precise, context-based content. The users expect that when they search large corpuses of unstructured data, the results are richer and more precise, as compared to today’s mainstream search engines.
Ontotext offers a distinctive portfolio of semantic technology, including GraphDB™ directly integrated with text mining applications. This provides customers with the ability to identify, extract and classify entities referenced inside free flowing text and automatically store the resulting rich metadata in GraphDB™.
Driving Ontotext USA’s market growth are a set of products that represent a complete portfolio including GraphDB™, semantic annotation pipelines and a set of integration APIs for concept extraction. GraphDB™ is a mature NoSQL engine – a triplestore compliant with Web Ontology Language (OWL), RDF(S) and SPARQL standards. Built on Java and an industry leading Sesame open-source API, it achieved enterprise resilience years ago and continues to be used as the underlying graph database engine across industries.
The growth of Ontotext in the North American market comes due to the strategic hire in 2014 of three key senior leaders.
For more information you can visit www.ontotext.com