P R E S S R E L E A S E
Connotate Technologies Announces Investment by Goldman Sachs
New York
, NY and New Brunswick, NJ, February 9, 2007
-- Connotate Technologies, Inc., the leading provider of solutions which allow end-users to create actionable insights and intelligence from the World Wide Web, is proud to announce that it has closed a Series C round of financing with Goldman Sachs. The firms have also entered into a joint marketing agreement in which Goldman Sachs will offer Connotate’s solution to its global investor client base. Goldman Sachs Managing Director Michael Sanders will join Connotate’s Board of Directors.
Connotate develops, sells and supports premium content monitoring, mining, and delivery solutions through its Information Agent Suite™, providing timely decision support, and knowledge management for information intensive applications. By automating the monitoring and mining of Web and database content, enterprises and individuals can better track and extract key data and information across a wealth of web pages and data sources.
“We are thrilled to be working with Goldman Sachs. Their commitment sends a strong signal about the value of our web based, non-traditional approach to financial research“, said Bruce Molloy, CEO and Chairman of Connotate Technologies.
“We are changing the way people and organizations use and capitalize on information available on the internet” said Molloy. “We are at the start of a new era in which solutions such as ours will make the web more active, personalized, and accessible. We think there is tremendous potential for our solution within Financial Services”
“We believe that Connotate’s product offerings will have broad applicability across our global investor client base,” said Michael Sanders, Managing Director of Goldman Sachs. “We are currently witnessing an intense race among investment firms to obtain more primary, specialized research and tools. We are pleased to introduce Connotate’s solution to our clients.”
About Connotate Technologies, Inc.
Connotate is changing the way people and organizations use the web.
Connotate’s premium solution goes far beyond search to allow users to create personalized, actionable insights and intelligence from the Web. Its personalizable machine-intelligent Agents can do anything a human can do to monitor, mine, analyze, and deliver high value content. Agents operate on a fully-automated, 24 x 7 basis. Connotate’s Information Agent Suite™ is a robust and scalable platform; Agents are created using an intuitive GUI that supports fast and easy configuration by end-users without programming experience and content is delivered over any number of media, including XML, RSS, email, text messaging, and direct feeds to SQL and Excel databases.
Connotate’s clients include many of the largest global publishers and online media companies; major hedge funds and financial services firms; pharmaceutical, energy and internet companies; and federal and state government agencies. Connotate has been named one of the "100 Firms That Matter" in Knowledge Management by KMWorld for the third consecutive year.
Media Contact
Corinne DePalma
CDPR Public Relations
Tel.: (917) 207-7594
Email:
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Bruce Molloy
Connotate Technologies, Inc.
Tel.: (732) 296-8844, Ext. 1021
Email:
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