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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.”

 

Media Contact

Gina Cerami
Connotate, Inc.
Tel.: (732) 296-8844, Ext. 1078
Email:


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