Quantcast
Last updated on April 19, 2014 at 17:21 EDT

Angoss Software and Lexalytics Form Partnership

May 31, 2012

Supports big data and predictive modeling insights

TORONTO, May 31, 2012 /PRNewswire/ – Angoss Software Corporation (Angoss)
(TSX-V: ANC) and Lexalytics, Inc. are pleased to announce a partnership
that advances Angoss’ big data analytics capabilities and improves the
accuracy of predictive analytics modeling by increasing the types and
volume of data that can be analyzed to include unstructured, text-based
data. These new capabilities are now available in Angoss’ Text
Analytics for KnowledgeSTUDIO®–powered by Salience, Lexalytics’ text
and sentiment analysis engine.

“Companies realize that the majority of their growing data assets are
unstructured, and they want to analyze this text-based data along with
their proprietary, structured data for competitive advantage,” remarked
Martin Galligan, President and CEO of Angoss. “The opportunity to
partner with Lexalytics, the market leader in text and sentiment
analysis, enhances our customer’s predictive powers. KnowledgeSTUDIO
customers as well as companies looking to compete with analytics, now
have a complete solution to merge the output of text analysis with data
mining and predictive analytics to address their top of mind
challenges–to improve customer experience and reduce churn.”

Text analytics integration with KnowledgeSTUDIO can mine and analyze
unstructured data such as social media (blogs, tweets, forum posts and
newsfeeds), call center logs, emails and other forms of text-based
communications. Text Analytics for KnowledgeSTUDIO allows you to perform text mining to extract themes
and entities, and perform sentiment analysis. Moreover, you can merge
this output of text analysis with your structured, proprietary data and
perform data mining and predictive analytics with additional types and
volumes of data for big data analytics. With more predictive variables
and volumes of data, predictive models are made more accurate–improving
your predictive and exploratory power for faster, better decision
making.

This same powerful combination is available with KnowledgeCLOUD(TM), predictive analytics in the Cloud hosted solutions, for companies looking to experience rapid time to
value and reduced IT investment–without the need for highly specialized
data scientists and technology. Some companies who recognize the
importance of being able to compete with analytics may not have the
subject matter expertise or resources to do it themselves. Angoss’ deep
analytics and domain expertise can help these companies take advantage
of big data analytics for both structured and unstructured data
analysis and predictive modeling.

“Social media analysis and Voice of the Customer (VOC) systems continue
to drive the need for text analytics,” said Jeff Catlin, CEO of
Lexalytics, Inc. “Angoss seamlessly integrates text analytics with
their proven data mining and predictive analytics capabilities for
structured data. The Lexalytics engine provides entity extraction,
theme discovery and sentiment analysis at the entity-level. This
combined offering is made simple with menu-driven shortcuts, and its
potential uses are compelling.”

Angoss will demonstrate the predictive analytics solution merging text and sentiment analysis at the Lexalytics Users
Group in Boston on June 3 to 5, 2012.

About Angoss Software Corporation
Angoss is a global leader in delivering predictive analytics to
businesses looking to improve performance across sales, marketing and
risk. With a suite of desktop, client-server and in-database software
products and Cloud solutions, Angoss delivers powerful approaches to
turn information into actionable business decisions and competitive
advantage. Angoss software products and Cloud solutions are
user-friendly and agile, making predictive analytics accessible and
easy to use. Many of the world’s leading financial services, insurance,
retail, health care and information communication and technology
organizations use Angoss predictive analytics software products and
solutions to grow revenue, increase sales productivity and improve
marketing effectiveness while reducing risk and cost. Headquartered in
Toronto, Canada, Angoss has offices in the United States and United
Kingdom. For more information, visit www.angoss.com.

About Lexalytics, Inc.
Founded in 2002, Lexalytics was first to market with a sentiment
analysis engine. Its text analytics software, Salience, is engineered
for easy integration into third-party applications, and is a critical
component in many high-volume content processing services for
industries such as social media monitoring, survey analysis, reputation
management, online media and more. For more information, visit www.lexalytics.com.

This press release includes forward-looking statements within the
meaning of applicable securities laws.  Forward looking statements
relate to analyses and other information that are based on forecasts of
future results and estimates of amounts not yet determinable.  These
statements may involve, but are not limited to, comments relating to
preliminary results, guidance, strategies, expectations, planned
operations or future actions.  Forward-looking statements are
identified by the use of terms and phrases such as “preliminary”,
“anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”,
“may”, “plan”, “predict”, “project”, “will”, “would”, and similar terms
and phrases, including references to assumptions.

Forward-looking statements, by their nature, are based on assumptions,
including those described herein and are subject to important risks and
uncertainties.  Forward-looking statements cannot be relied upon due
to, amongst other things, changing external events and general
uncertainties of the business.  Actual results may differ materially
from results indicated in forward-looking statements due to a number of
factors, including without limitation: the risk that the sale of our
products and services involves a long sales cycle; the risk that the
economic environment and business conditions will remain difficult to
predict; the risk of competition in our target markets; the risk that
we may not respond adequately to evolving technologies; the risk that
we or our customers may have difficulties in introducing our products
or services; the risk that we will encounter difficulties in continuing
to offer services; the risks of conducting our operations in a variety
of international locations; the risks relating to the costs that we may
incur as a result of litigation against us; the risk of future capital
needs and uncertainty of additional financing; the risk of the need for
the Company to manage its planned growth and expansion; the risk of
 the effects of product development and need for continued technology
change; the risk of protection of proprietary rights; the effect of
government regulation and compliance on the Company and the industry;
network security risks; the risk of the ability of the Company to
maintain properly working systems; the risk of reliance on key
personnel; the risk of volatile securities markets impacting security
pricing unrelated to operating performance; as well as the factors
identified throughout this news release and those identified in section
entitled “Risks and Uncertainties” of the Company’s MD&A filed on
www.sedar.com.  The forward-looking statements contained in this news release
represent the Company’s expectations as of the date of this news
release (or as of the date they are otherwise stated to be made), and
are subject to change after such date.  However, the Company disclaims
any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise, except as required under applicable securities regulations.

Note: Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

SOURCE ANGOSS Software Corporation


Source: PR Newswire