SOURCE: Connotate, Inc.

Connotate, Inc.

April 23, 2013 09:00 ET

Connotate Announces Record Quarter, Driven by Market Demand for More Rapid Delivery of Web Content-Based Products and Services

Market Research Firms' and Information Providers' Increased Reliance on Web Data Helped Drive Record Growth

NEW BRUNSWICK, NJ--(Marketwired - Apr 23, 2013) - Connotate, Inc., the leading provider of Web data monitoring and extraction solutions, today announced that Q1 2013 was a record quarter for sales booked, surpassing the previous record set in Q4 2012. Growth was driven by market need to introduce Web-content products and services faster and at less cost. Connotate's Q1 2013 transactions reflected a variety of use cases, including extracting Web data for directories, market research, background checks, job board listings, political intelligence, pricing intelligence and competitive intelligence.

"A key driver has been Connotate's ability to enable businesses to rapidly expand market penetration with directory services, analytics and other innovative offerings that creatively combine Web data with other sources," said Ryan Mulholland, President of Connotate. "We are infusing market research with input from social media and continually refreshing subscription feeds that, previously, our customers were only able to update quarterly."

During Q1 2013, Connotate also saw a rise in transactions through its FetchCheck solution for criminal background check, as well as a trend toward customers using Connotate's hosted platform to accelerate delivery of Web data extraction projects that were started but never completed by in-house IT staff. There was also an increase in demand for using both Connotate's hosted and on-premise solutions within the same organization, as customers leverage the unique capabilities of each solution for business advantage.

The market for the Connotate solution is broadening as the cost of deployment continues to decrease. "We've mastered the entire workflow stack from manual processes all the way to high-end automation," said Mulholland. "This has resulted in significant growth for us in the SMB market, while we continue to increase the value that our large enterprise customers are receiving. For example, a major UK-based job board publisher was tasked with achieving a 40 percent increase in the number of listings in a very short period of time. Connotate's automated solution is helping them meet this aggressive goal."

Connotate marked other milestones in the quarter as well. Keith Cooper, CEO of Connotate, was named to the Content Division Board of Directors of the Software and Information Industry Association (SIIA). Connotate has been an SIIA member for nine years.

About Connotate
Connotate puts the power of Web data monitoring and collection into the hands of the business user. Connotate delivers the scalability, reliability and resiliency necessary to drive strategic value from dynamic, Web sources. Connotate's growing customer list includes global businesses such as McGraw-Hill, Associated Press and Thomson Reuters. Connotate has been named a KMWorld "Trend-Setting Product" for the past eight years. Connotate announced the acquisition of Fetch Technologies in March 2012. For more information, please visit www.connotate.com or www.connotate.co.uk and follow us on Twitter at @Connotate.

Contact Information

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    Gina Cerami
    Connotate
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