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-- WITH PHOTO -- TO BUSINESS EDITORS:
Cambridge Text Analytics Company Linguamatics Hits $10M in Sales
CAMBRIDGE, England and BOSTON, March 18, 2014 /PRNewswire/
Linguamatics' sales showed strong growth and exceeded ten million
dollars in 2013, it was announced today - outperforming the company's
targeted growth and expected sales figures. The increased sales came
from a boost in new customers and increased software licenses to
existing customers in the pharmaceutical and healthcare sectors. This
included 130 per cent growth in healthcare sales plus increased sales
in professional services.
Photo - http://photos.prnewswire.com/prnh/20140318/PH85168
Access to the right knowledge at the right time is crucial for
knowledge driven organizations such as those in healthcare and
pharmaceuticals. Linguamatics software platform, I2E, uses natural
language processing (NLP) to go beyond conventional search methods and
understand the meaning of text. I2E identifies and extracts facts,
assertions and relationships from unstructured text such as scientific
literature, patents, clinical trials data, electronic health records
(EHR), news feeds, social media and proprietary content in real-time
and puts them into a structured format for further analysis to support
key decision-making. I2E delivers dramatically improved speed to
actionable insight, using computer algorithms to automatically mine,
analyze and connect relevant knowledge buried in vast amounts of
textual data and generate higher quality, targeted results.
Linguamatics' customers include 16 of the top 20 global pharmaceutical
companies, the US Food and Drug Administration (FDA), leading US
hospitals, cancer institutes and academic research centers.
Commenting on the company's performance in 2013, John M. Brimacombe,
Executive Chairman of Linguamatics, said: "Our continued growth and
success comes from our ability to respond to the demanding
requirements of the pharmaceutical and healthcare industries to solve
their big data problems. We're delivering an innovative and
market-leading NLP platform to answer many difficult and high-value
questions from genomics through to patient care. I'm excited about our
future development plans and their potential impact on helping to
bring drugs to market faster and improve patient outcomes."
About Linguamatics
Linguamatics is the world leader in deploying innovative natural
language processing (NLP)-based text mining for high-value knowledge
discovery and decision support. Linguamatics I2E is used by top
commercial, academic and government organizations, including 16 of the
top 20 global pharmaceutical companies, the US Food and Drug
Administration (FDA) and leading US hospitals. I2E can be used to mine
a wide variety of text resources, such as scientific literature,
patents, Electronic Health Records (EHRs), clinical trials data, news
feeds, social media and proprietary content. I2E can be deployed as an
in-house enterprise system, or as Software-as-a-Service (SaaS) on the
cloud.
Typical applications in pharmaceuticals, biotechnology, healthcare,
government and other sectors include:
-- Mapping gene-disease relationships and identifying potentially
novel therapeutic targets
-- Biomarker discovery
-- Drug repurposing
-- Drug safety
-- Patent analysis
-- Clinical trial site selection and study design
-- Mining electronic medical records to improve prediction of health
outcomes
-- Clinical Trial matching
-- Mining pathology reports
-- Translational medicine
-- Competitive intelligence
-- Social media mining
-- Sentiment analysis
For further information, visit www.linguamatics.com or
http://www.linguamaticshealth.com/
Media Contact: Carina Jenkins +441223 651910
Read more news from Linguamatics.
SOURCE Linguamatics
-0- 03/18/2014
/Photo: http://photos.prnewswire.com/prnh/20140318/PH85168
PRN Photo Desk, photodesk@prnewswire.com
/Web Site: http://www.linguamatics.com
CO: Linguamatics
ST: Massachusetts England
IN: HEA MTC
PRN
-- PH85168 --
0000 03/18/2014 12:47:00 EDT http://www.prnewswire.com
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