In-Q-Tel and Basis Technology Sign Strategic Investment and Development Agreement for Linguistics Software
— Agreement accelerates development of key multilingual information retrieval technologies for Defense and Intelligence Communities —
ARLINGTON, VA. and CAMBRIDGE, MA., April 12, 2004—In Q Tel, a private not-for-profit venture group funded by the Central Intelligence Agency, and Basis Technology (www.basistech.com), a leading provider of software solutions for multilingual text mining and information retrieval applications, today announced they signed a strategic investment and development agreement, including licensing.
Taking advantage of Basis Technology’s expertise in foreign languages and computational linguistics, Basis Technology and In-Q-Tel will work together to provide key multilingual information management solutions to the Intelligence Community.
Gilman Louie, CEO of In Q Tel, said, “The ability to extract critical information from unstructured text in multiple languages is absolutely fundamental to the intelligence process. We became interested in Basis Technology because their software is widely used to enable foreign language capabilities in some of the world's most demanding high-volume commercial environments. We see Basis Technology as a key strategic partner in providing solutions that can enhance the government's efforts to quickly and accurately harness potentially valuable information from foreign language documents.”
Carl Hoffman, CEO of Basis Technology, said, “Our partnership with In Q Tel underscores the strength of our technology and the new capabilities we bring to the table to aid national security. Providing linguistic solutions to help government organizations deal with massive collections of data has become a significant aspect of our business.”
About In Q Tel
In Q Tel is a private, independent, enterprise funded by the CIA. Launched in 1999, In Q Tel’s mission is to identify and invest in companies developing cutting-edge technologies that serve United States national security interests. Working from an evolving strategic blueprint that defines the CIA's critical information technology needs, In Q Tel engages with entrepreneurs, established companies, researchers and venture capitalists to deliver technologies that pay out in superior intelligence capabilities for the CIA and the larger Intelligence Community.
About Basis Technology
Basis Technology (www.basistech.com) provides software solutions for extracting meaningful intelligence from multilingual text. The company’s Rosette® Platform is a suite of high-performance, highly reliable, interoperable software components designed for applications that analyze and process all the world’s languages.
Top-tier software vendors, content providers, multinational enterprises, and government agencies rely on Basis Technology’s solutions for Unicode compliance, language identification, multilingual search, normalization, transliteration, and entity extraction. Clients include America Online, Convera, Endeca, Google, Hewlett-Packard, InQuira, Inktomi, L.L Bean, Northrop Grumman, PeopleSoft, Siebel Systems, Verity and Yahoo!.
Company headquarters are located in Cambridge, Massachusetts, with branch offices in San Francisco, California; Herndon, Virginia; and Tokyo, Japan. For more information, visit www.basistech.com or call 800-697-2062.