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IxReveal Secures Financing From SpringBoard CapitalSoftware Developer To Continue Investment In Product Enhancements, Marketing & Sales, ScalabilityJacksonville, FL (August 4, 2003)IxReveal™, a leader in advanced analytics for unstructured data, announced today that it has secured $1.1 million in financing from Springboard Capital, LLC. The company will continue to invest in its "Analytic Freedom Software™," which is one of the first products to tackle the growing field of unstructured data analytics. The software enables organizations to improve strategic decision making processes by unlocking the value contained in unstructured data such as emails, text documents, database notes, faxes, and web pages."This is an exciting step for IxReveal," says Ren Mohan, founder, CEO and CTO. "It will help us expand our R&D efforts and allow us to target vertical markets that are in desperate need of a proven method that will analyze and extract value from massive amounts of unstructured data." Respected research firm Gartner, Inc. estimates that 80% of America’s corporate data is unstructured, and this content doubles every six months. With the extremely large amount of unstructured data in today’s corporations, manually reading, classifying, and analyzing this information is not possible. IxReveal’s software supersedes manual processes to create superior business intelligence in a fraction of the time. Business segments that will immediately benefit include call centers, government agencies, healthcare, finance/banking, telecom, and insurance. According to Charles (Bucky) A. Clarkson, Chairman of IxReveal, "This investment will put IxReveal at the forefront of a dynamic business movement and it shows that Springboard Capital is fully committed to our success." Clarkson is a past chairman of the North Florida technology incubator Enterprise North Florida Corporation and an investor in several high-tech companies on the First Coast. About IxRevealIxReveal is a leading text analytics software company that transcends current search and business intelligence technologies. The company’s solution-based products are unique in their capacity to transform large volumes of unstructured and structured data into actionable intelligence. IxReveal’s award-winning product lines, uReveal™ and uReka™ (www.ureka.info), also allow researchers to collaboratively share concepts and findings.Clients include leading multinational corporations, financial institutions, law-enforcement agencies, universities, health organizations, and major federal agencies with data-intensive mandates in areas such as intelligence, security, finance, health-care, homeland security, and crime/fraud prevention. IxReveal is based in Jacksonville, Florida. For more information, visit www.IxReveal.com. # # #
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