Insight Discovery Company Continues Momentum into 2010
MOUNTAIN VIEW, Calif.—January 27, 2010— NetBase, the Insight Discovery company, today announced that 2009 marked a year of significant expansion across the board, laying the foundation for delivering on its execution strategy in 2010. Over the course of last year, NetBase further built its breakthrough technology infrastructure, extended into new markets where it delivers exceptional value, including consumer insights and health, expanded its team by over 30% and grew its customer base by over 300%. The company expects to continue this momentum path.
NetBase is already being used by two of the top three science, technology and medical publishers including Elsevier (NYSE: ENL), the world’s largest publisher of scientific, technical and medical content and services, and five of the top 10 consumer packaged goods companies. NetBase technology powers Elsevier’s illumin8, the first major semantic search technology based application for corporate innovation professionals and researchers. illumin8 is a research tool powering numerous innovations across multiple industries by providing valuable input for scoping opportunities when exploring new markets, products and technologies in the critical early stages of the innovation process.
“Being able to present a unique set of categories in a compelling landscape that bring tangible insights for our users is of the utmost importance,” said Martin O’Malley, Managing Director of S&T Corporate Markets at Elsevier. “We are excited to see the results as illumin8 continues to grow.”
Last year NetBase also introduced the U.S. Army Research Lab (ARL) as a customer that will ultimately extend usage to even larger user communities. It is being used for Situational Awareness, which is the ability to generate actionable knowledge through the use of timely and accurate information about the Army enterprise, its processes and external factors.
Noting NetBase’s innovative technology and blue-chip customer list, top analyst firms have recognized the company as a rising star. Leading IT market research and advisory firm IDC has named it an “Innovative Information Access Company to Watch” and Outsell Inc., the only research and advisory firm focused on the publishing and information industries, has published a proprietary report profiling the company titled: “NetBase: Enabling the Next Stage of Information Consumption – Today.”
“Last year we exceeded the expansion goals we set for ourselves and plan to carry this success in to 2010 as we continue to develop our next-generation semantic technology,” said NetBase CEO Jonathan Spier. “To have customers and analyst firms validating our approach only strengthens our conviction that we are in a position to powerfully execute and make this a break-out year for NetBase.”
NetBase provides insight discovery tools that are changing the way people search. Its next-generation semantic technology reads sentences to surface insights from billions of sources in public and private online information. Patent-pending lenses provide context for search results and intelligently guide users to answers. NetBase solutions are assisting market researchers at Fortune 1,000 companies with netnography and social media understanding and enabling science, technology and medical (STM) publishers to enrich their documents for researchers. Five of the top ten consumer packaged goods companies, including Procter & Gamble, and two of the top three STM publishers, including Elsevier, are using NetBase to find answers faster. Based in the heart of Silicon Valley, NetBase is a privately held company. For more information, visit: www.netbase.com.