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Category:

Convera Licenses Search Technology to Government of Singapore

Technology Creates Enhanced Capabilities for Analysts

Vienna, VA, August 21, 2006 –Convera Corporation (NASDAQ: CNVR), a leading provider of search technologies for professional workers, today announced that the company has executed two contracts for search technology with agencies of the Singapore government. The contracts were secured through Precipia Systems Inc., a reseller of Convera RetrievalWare® technology. Convera technology is integrated into Precipia Systems’ DIANE (Digital Analysis Environment), which enables organizations to conduct the analytical process in new and improved ways that move analysis from reactive to anticipatory.




DIANE offers an array of diverse information visualization and text mining tools such as entity network and timeline extraction. Combined with RetrievalWare, it monitors and processes large amounts of structured and unstructured information. Intelligence can be outputted easily through Microsoft® Office, i2’s Analyst Notebook® and other commonly used presentation tools. These capabilities allow analysts to find information, picture relations and model possibilities.

“Precipia offers software and application development services that enable companies to anticipate the future,” said Jin Zhu, executive vice-president of corporate development, Precipia Systems Inc. “To help accomplish this we needed the best search technology partner, and these contracts are an example of our successful relationship with Convera.”
“The requirements of enterprise search are expanding rapidly, and our search capabilities continue to meet the needs of our customers," said Kurt Gastrock, chief operating officer of Convera. ”These contracts secured through our reseller Precipia, as well as our Sharepoint integration announced in May, are evidence that our technology can offer unique capabilities and solutions for analysts.”


About Precipia Systems Inc.

Precipia is a leading provider of a wide range of software solutions that enable the effective management of information analysis and anticipatory planning aspects for knowledge driven businesses. Our products empower users to manage their information flow through knowledge workers and computational analytical resources to establish actionable intelligence and further their competitive advantage. Its flagship product DIANE™ (digital analysis environment), Precipia enables professionals to quickly discover hidden relationships within unstructured data. For more information, contact Precipia at 703-650-1243, via e-mail at info@precipia.com or on the Web at www.precipia.com

About Convera

Convera is a leading provider of search technologies for professional workers. Convera has developed a unified product platform that makes sense of vast amounts of information—wherever it resides—across multiple data formats, languages and meanings. Based on proprietary technologies that extract relevant results from public and private data, Convera enables professionals to quickly retrieve exactly the information essential for action. Convera’s search platform is delivered as a hosted service, software or a bundled hardware and software package. Thousands of government and business professionals in 40 countries rely on Convera search solutions to power a broad range of mission critical applications. For more information, contact Convera at 800-755-7005, via e-mail at info@convera.com or on the Web at www.convera.com

This release, including any statements from Convera personnel, contains statements about Convera's future expectations, performance, plans, and prospects, as well as assumptions about future events. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, business and economic conditions and trends; the ability to continue funding operating losses; fluctuations in operating results including impacts from reduced corporate IT spending and lengthier sales cycles; continued success in technological advances and development including the Excalibur Web offering; possible disruption in commercial activities caused by terrorist activity and armed conflict, such as changes in logistics and security arrangements; reduced customer demand relative to expectations; competitive factors; and other risk factors listed from time to time in the company's reports to the Securities and Exchange Commission. Actual results may differ materially from our expectations as the result of these and other important factors relating to Convera's business and product development efforts, which are further described in Convera's filings with the SEC. These filings can be obtained from the SEC's website located at www.sec.gov. Any forward-looking statements are based on information available to Convera on the date of this release, and Convera assumes no obligation to update such statements. The Convera design logo and the following are worldwide trademarks of Convera: Convera®, RetrievalWare®, Excalibur™ and Screening Room®. The names of actual companies and products mentioned herein, if any, may be the trademarks of their respective owners.

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Source: Convera



Source: Wired News
 
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