SOURCE: Expert System

Expert System

June 24, 2009 14:20 ET

Expert System Reports Strong Growth in Global Sales and Prepares to Expand Company

COGITO® Semantic Software Sales Thrive Amidst Economic Downturn

NEW YORK, NY--(Marketwire - June 24, 2009) - Expert System, leading provider of semantic software that searches, discovers, classifies and interprets unstructured text information, today announces its financial and operative results for 2008 and first quarter 2009, marking positive growth of the company and defying the global recession trend.

Expert System developed its U.S. office in 2008 and since then, the company has increased the value of production by 21 percent, exceeding the limit of more than $13 million. The health of the company has generated a need for hiring during a time when new employment opportunities are scarce.

Adding to an existing client base of companies such as Telecom Italia, The Italian Ministry of Defense, EniTechnologie and RCS Media Group, Expert System has won deals with new worldwide customers: MPS, AGI News, Findomestic, Autostrade per l'Italia, Confcommercio online newspaper, among several others.

Expert System has also signed new agreements with partners operating in the mobile and IT industries. The most recent partnerships include Oracle, Accenture and RIM.

Last year was a hallmark in product development as well. Building off Expert System's COGITO semantic engine, four new solutions were launched:

  • COGITO Monitor (launched April 2008) -- a semantic-based analyzer of consumer opinions and sentiment from online forums and blogs;

  • COGITO Focus (launched June 2008) -- a revolutionary search and analysis engine for the strategic management of information inside and outside an organization;

  • COGITO Semantic Advertiser (launched September 2008) -- a semantic platform that automatically processes the meaning of text to ensure ad placement is relevant to its assigned Web pages; and

  • COGITO Answers (launched December 2008) -- a semantic suite incorporating a Natural Language Interface (NLI) designed for enterprise search and customer self help on mobile devices.

Validating Expert System's product and technological innovation, the company has won several awards including COGITO Answer's recognition as the Best Customer Care Solution at the prestigious Global Mobile Awards 2009; a third-place finalist award out of 300 entries for the CTIA Emerging Technology Award for Innovation in Pro-sumer/Business Productivity; and a finalist selection in the SIIA CODiE Awards for Best Enterprise Search Engine. Furthermore, Expert System was included in the Gartner Magic Quadrant for Information Access Technology among leading enterprises such as Oracle, IBM and Google.

"Last year [2008] was a banner year for Expert System with a new corporate presence in the U.S, the introduction of four new ground-breaking products and a surge in enterprise interest in semantic technology," said J. Brooke Aker, CEO of Expert System, U.S.A. "We're so proud of our accomplishments and we plan to continue to enhance our semantic search engine, invest in strategic partnerships and expand the company worldwide in 2009."

About Expert System

Expert System is the leading provider of semantic software, which discovers, classifies and interprets text information. All Expert System products, which are based on the patent pending technology COGITO ®, leverage the company's expertise in the development of business solutions for the primary markets (i.e. Automotive, Consumer Electronics, Oil & Gas, Media, Mobile, etc.) and support the activities of Knowledge Management, Customer Care, Corporate Intelligence and Homeland Security. Worldwide customers include Eni Group, Pirelli, Finmeccanica, ANSA, Telecom Italia, Microsoft, BNP Paribas, the Italian Ministry of Defense, and the Ministry of Interior Affairs. For more information, please visit: www.expertsystem.net.