IxReveal Awarded First Patent for Idea Extraction from Unstructured Data

Jacksonville, FL (January 25, 2006)

IxReveal has been awarded U.S. Patent No. 6,970,881 for a concept-based method and system that creatively analyzes a formerly untapped resource: unstructured information. This is one of many proprietary technologies in the uReveal™ solution and marks the first award of many IxReveal patent applications on file with the United States Patent and Trademark Office.

"This is a significant event for the company," said Ren Mohan, CTO and co-founder. "Our business strategy is based on creating breakthrough innovations that revolutionize the way business analysts work with unstructured information. Leveraging our customers’ current investments in search technologies, we provide next-generation decision support integral to the overall business analytic process, lowering costs, increasing productivity and boosting revenue."

Idea extraction provides a unique and innovative way for business analysts to work with and gain insight from large volumes of unstructured text.  Analysts are now able to define and navigate documents based on what ideas are important to them. IxReveal fundamentally alters traditional analysis (i.e., simply searching for and reading thousands of documents) and allows analysts to zero in on what is important to them. It not only provides significant productivity improvement, it also allows the analysts to evaluate text data with speed and levels of accuracy never before possible. They can also control, personalize and define their ability to navigate the documents based on dimensions meaningful to them and their organization’s mission.

IxReveal has delivered this patented approach within the uReveal product through the notion of Concept Banks. Based on the Concept Bank’s defined ideas, IxReveal then populates a database that includes an OLAP cube with the relevant information from the identified document set. Once the database is created, IxReveal allows the business analysts to identify embedded relationships and slice and dice the information as needed.

"When Ren and Usha [Mohan] invented the technology being delivered in uReveal, they anticipated the future value of text analytic solutions would require more than just keyword search or traditional classification approaches," said Bob Carlson, President and CEO of IxReveal. "Inventing and protecting our critical proprietary intellectual property is a key part of our business strategy. Under Ren’s leadership, we will continue to submit additional patent applications for our inventions and provide market-leading capabilities in our IxReveal product family."

About IxReveal

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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Contact (Press Only):
Steve Meeter
IxReveal, Inc.
202-255-1932
Steve.Meeter@IxReveal.com