Inxight Software Announces Record Revenues for FY05, Releases Several New Products, Lands Major New Accounts and New Partners17 January 2006
Inxight(R) Software, the leading provider of enterprise software solutions for information discovery, today announced that the company had achieved record revenues for fiscal year 2005, with growth of more than 50 percent over 2004.
"The entire Inxight team performed beyond our expectations," Inxight President and CEO Ian Bonner said. "For the year, we signed or expanded agreements with several marquee customers, including Microsoft, Yahoo, CA, Oracle and several leading federal agencies, including the U.S. Defense Intelligence Agency. The Engineering team released several new products to meet market demand, and Marketing, Finance and Human Resources continue their good work to publicize our successes. We've had quite a year."
In the fourth quarter of 2005, the company reported that it had signed or renewed deals with: Netflix; the U.S. Coast Guard; Attenex Corporation; Mark Logic; eGain; Inform Technologies; and NetAge; and multiple U.S. government agencies, among other customers.
Other 2005 Highlights
Along with record revenues, Inxight reported several other highlights for the year:
* Inxight spun off its government business as a wholly owned subsidiary -
Inxight Federal Systems Group -- which continues its strong momentum in
government sales and support.
* The purchase of Intelliseek's federated search and alert technology
assets, which was rebranded and integrated into the market-leading
Inxight SmartDiscovery(TM) product line to become Inxight SmartDiscovery
Awareness Server.
* Inxight then engineered and released SmartDiscovery Awareness Server
5.2, offering customizable architecture and integrated user
authentication, and in December, released SmartDiscovery Awareness
Server 5.4, with innovative entity clustering of federated search
results.
* The company also engineered and released SmartDiscovery Analysis Server
4.2, offering faster, more flexible and accurate extraction,
categorization and search indexing capabilities.
* Inxight's newly formed Inxight Research group secured a $1.93 million
research contract from the U.S. Air Force Research Laboratory to focus
on applying Inxight's powerful multilingual extraction capabilities in
extremely high-speed environments for the rapid processing of
intelligence data.
* Sales landed several seven-figure deals, including one with the U.S.
Defense Intelligence Agency, which awarded Inxight a $1.7 million
contract for its counterterrorism solution that covers all nine of the
Unified Combatant Commands, U.S. Forces Korea and the five new Regional
Service Centers.
* Several technology solutions partnerships were inked, including: Kapow
Technologies for faster, automated Web content collection and
unstructured text processing; Intellisophic for its machine-generated
taxonomies for more accurate search and data discovery in Inxight
SmartDiscovery; Agent Logic for a solution that enables real-time event
and information monitoring, particularly for intelligence agencies; and
ZyLAB for SmartDiscovery integration into the ZyIMAGE Professional Text
Mining Suite for the European market.
* The general availability of Inxight StarTree(R) SDK 1.0 for .NET,
certified by Microsoft, bringing the benefits of the StarTree technology
to developers who prefer working in the Microsoft .NET environment.
* The addition of five new languages to its LinguistX Natural Language
Processing Platform -- Catalan, Croatian, Slovak, Slovenian and Serbian
-- bringing the total languages that Inxight supports to 32.
* The hiring of general managers for the Government and OEM divisions, to
continue to expand sales growth in those sectors.
* Several corporate awards, including: KMWorld Magazine naming Inxight
SmartDiscovery Analysis Server a Trend-setting Product for the third
consecutive year; the EContent 100 list of Companies That Matter Most in
the Digital Content Industry for the third consecutive year; AlwaysOn
honored Inxight as a 100 Top Private Company for the third consecutive
year; and KMWorld's 100 Companies That Matter in Knowledge Management,
also for the third consecutive year.
"Inxight continues to be the clear market leader in text analytics and visualization technologies," Bonner said. "With our tremendous momentum, we are the one to watch for 2006."
About Inxight
Inxight Software, Inc. is the leading provider of enterprise software solutions for information discovery. Using Inxight solutions, companies can better discover, retrieve and connect with unstructured, semi-structured or structured text. Inxight is the only company that provides a complete, scalable solution to enable information discovery in all major languages. Customers include enterprise companies such as Air Products, Novartis, Procter & Gamble, Purdue Pharma and Thomson, multiple U.S. and foreign government agencies, including the Department of Defense, Defense Intelligence Agency, Department of Homeland Security and Commonwealth Secretariat, and software OEMs such as SAP, SAS, Oracle and IBM. The company has offices throughout the United States and Europe. For more information, visit http://www.inxight.com or call 408-738-6200 (in the U.S.) or +44 (0) 1252 761314 (in Europe).
Inxight and Inxight SmartDiscovery Analysis Server, Inxight SmartDiscovery Awareness Server, LinguistX and StarTree are trademarks or registered trademarks of Inxight Software. All other corporate names or trademarks stated herein are the property of their respective companies.
Source: prnewswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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