, is a
Software Company that develops and markets
Text Analytics and
Text Mining solutions. Founded in 1998, ClearForest has its headquarters just outside of
Boston and has development in
Israel near
Tel Aviv .
ClearForest is venture-backed; its most recent funding round, led by [http://www.greylock.com Greylock], closed in 2005. Other investors include
DB Capital Partners ,
Pitango ,
Walden Israel ,
Booz-Allen ,
JP Morgan Partners and
HarbourVest .
On April 30, 2007, Reuters
announced that it would acquire ClearForest. Sources estimate the acquisition to be for $25 Million.
ClearForest offers several hosted solutions, including:
- '''(SWS)''' , an on-demand service that makes ClearForest's sophisticated natural language processing tools available as a standard web service. In order to allow the development community to explore the value of building innovative applications and services that leverage semantic processing, a subset of ClearForest's capabilities is available via SWS at no cost.
- , a free Firefox Extension that uses SWS to analyze the content of a web page. With a single click, Gnosis will identify the people, companies, organizations, geographies and products on the page you are viewing. Gnosis also automatically processes pages from Wikipedia itself - providing additional links for people, geographies and other entities which were not explicitly linked within the subject article.
- , a real-time machine readable news service that uses SWS to process a company's news and document feeds and instantly return machine-readable information about people, companies, locations and over 200 other entities facts and events.
ClearForest also offers Text Analytics solutions targeted at specific business problems, including:
- Improved equity valuations for Hedge Funds & alternative investments firms
- Metadata & database creation for Publishers and information providers/services
- Tapping " Voice Of Customer " for market and survey research firms
- Quality Early Warning for vehicle, capital equipment & durable goods manufacturers
