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Ontotext Achieves 62 Percent Year-Over-Year Revenue Growth in the USA as Demand for Semantic Solutions Rises

Sofia, Bulgaria and Northern Virginia (PRWEB) March 24, 2015

Ontotext USA, Inc., a leading provider of semantic technology solutions that drive business value, today announced that the company attained 62 percent year-over-year revenue growth in the USA in 2014 and predicts 100 percent growth for 2015. The company is experiencing significant customer growth across the life sciences, healthcare, media and publishing, government and educational markets.

“Ontotext doubled down in the US in 2014 and continues to expand the operation in 2015,” said Tony Agresta, Managing Director of Ontotext USA. “We added resources in sales, marketing, alliances and solutions architecture over the past year. Our lead volumes and pipelines have increased dramatically. It is clear that the North American market is becoming reacquainted with our proven semantic technology.”

Driving Ontotext USA’s market growth are a set of products that represent a complete portfolio including GraphDB™, semantic annotation pipelines and a set of integration APIs for concept extraction. GraphDB™ is a mature NoSQL engine – a triplestore compliant with Web Ontology Language (OWL), RDF(S) and SPARQL standards. Built on Java and an industry leading Sesame open-source API, it achieved enterprise resilience years ago and continues to be used as the underlying graph database engine across industries.

Ontotext offers a distinctive portfolio of semantic technology including GraphDB™ directly integrated with text mining applications. This provides customers with the ability to identify, extract and classify entities referenced inside free flowing text and automatically store the resulting rich metadata in GraphDB™. The advantages of this approach are profound:

    All of the unstructured content is discoverable
    Search and discovery applications reveal precisely what users are looking for in context
    Web applications that provide intelligence, analysis or dynamic publishing exceed visitor expectations by delivering semantically relevant, enriched and personalized results.
    Graph databases are a perfect storage facility for meta-data spawned from disparate databases and text mining.

“There’s been a positive shift in the market. The growth in unstructured data and advances in semantic technology have translated into more rapid adoption,” added Agresta. “Today, leading companies have recognized that massive amounts of structured and unstructured data can be semantically indexed inside graph databases for improved search and discovery. Not only are integration and maintenance costs lower because of the nature of RDF triplestores, but search applications pinpoint precise, context-based content. Today, users expect that when they search large corpuses of unstructured data, the results are richer and more precise, as compared to today’s mainstream search engines. We accomplish this because relevance is judged not only on the basis of plain string frequencies, but also taking into account relationships between concepts and entities in the triplestore. In years past, this was challenging but through tight integration between text mining pipelines and GraphDB™, this is a reality today. More importantly, this operates at enterprise scale with high volumes of simultaneous reads and writes and complete enterprise failover support. New facts can populate GraphDB™ at the same time users and website visitors query the database at scale.”

The growth of Ontotext in the North American market comes on the heels of three key senior leaders that were hired in 2014:

    Tony Agresta, Managing Director, Ontotext USA
    Brad Bogle, Director of Marketing, Ontotext Worldwide
    Tom Endyke, Director of Solutions Architecture, Ontotext USA


Ontotext is headquarted in Sofia, Bulgaria, and the technical team has been consistently recognized as leaders in core semantic technology over the years. In the past year, the company was awarded:

    ‘Innovative Enterprise of the Year 2014’ by the Applied Research and Communications Fund and Enterprise Europe Network – Bulgaria and KIC InnoEnergy
    ‘Business Innovation award’ by the Bulgarian Association of Information Technologies (BAIT)


In 2014, Ontotext announced two significant products updates. In August 2014, the company released GraphDB 6.0, which included improvements to the enterprise replications cluster, faster loading speeds, higher update rates and connectors for Lucene, SoLR and Elasticsearch.

To close the year, GraphDB 6.1 was released in December 2014 and includes massive improvements in write transaction rates, stability improvements to the High Availability Cluster, live database load improvements and bulk loading tools and GraphDB Workbench.

“Ontotext has been in the semantic technology space for over 15 years,” stated Agresta. “With deep industry experience we have an incredible semantic stack and a large team of world class technologists that deliver enterprise solutions for our customers. Ontotext has invested over 400 person-years in research and development and our reputation is grounded in accuracy. We’re powering some of the most important semantic applications worldwide.”

Ontotext is also sponsoring a webinar on March 26th at 11 AM EDT entitled “Semantic Publishing for News and Media: Enhancing Content and Audience Engagement.” Interested parties are encouraged to attend.


Ontotext provides a complete semantic platform transforming how organizations identify meaning across massive amounts of unstructured data. Ontotext blends text mining, powerful SPARQL queries, semantic annotation and semantic search with an RDF graph database (GraphDB™) that infers new meaning at scale.Ontotext S4, The Self-Service Semantic Suite, allows developers to build text mining and semantic applications in the cloud.

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ORTEC Announces 111% FY 2014 Year-Over-Year Revenue Growth Hosts OPTIMUS 2015 Predict. Optimize. Grow.

Atlanta, GA (PRWEB) March 24, 2015

A privately held global supply chain software provider, ORTEC, today announced year-over year revenue growth of 111% thanks to new business wins in North America and Europe as well as in new markets where growth is really surging, Australia, China, Brazil and Mexico. ORTEC is hosting its annual conference, OPTIMUS 2015 Predict. Optimize. Grow., at the Intercontinental Hotel in Buckhead. Some of the world’s leading authorities on operations research, supply chain logistics optimization and corporate transformation will speak at the conference. ORTEC is the world’s leading provider of truck routing and load building software.

“According to Gartner, growth, and specifically finding new growth opportunities within data analytics, is the #1 priority for CEOs today,” stated Jeff Wilson, ORTEC’s President. “ORTEC’s Predictive Commerce Platform helps companies use predictive analytics to manage their mountain of data and to drive more predictable and profitable growth.”

Announces Retail and Consumer Goods Research Results

In partnership with industry analyst and Supply Chain Insights CEO Lora Cecere, ORTEC fielded research to determine emerging supply chain industry trends. Key findings included:

1. Most exciting business models for supply chains are new forms of analytics and opportunities in last mile delivery

2. Most exciting demand technologies are continuous planning/forecasting and flowcasting

3. Top barriers to e-Commerce effectiveness are related to perpetual inventory signals, organization alignment and supply chain visibility

ORTEC Partners Gather at OPTIMUS 2015

ORTEC is also pleased to welcome several partners who are demonstrating new technologies including: ToolsGroup, Greenmile, AIMMS, CADEC, and the Georgia Center of Innovation for Logistics. The OPTIMUS 2015 app was created by ORTEC sister company Living Data. Living Data is an umbrella company of several organizations specializing in media and data mining.


ORTEC is a leading provider of predictive commerce and optimization solutions and services. ORTEC optimization software results in optimized fleet routing and dispatch, vehicle and pallet loading, workforce scheduling, delivery forecasting, logistics network planning and warehouse control. ORTEC offers stand-alone, custom-made and SAP® certified and embedded solutions, supported by strategic partnerships. The recipient of the 2012 Franz Edelman Award for Operations Research Excellence, ORTEC has recently won awards from CIO Review, Computerworld, Supply Chain Brain, Consumer Goods Technology and GBC Health. ORTEC has over 1,750 customers worldwide, 700 employees and offices in Europe, North America, South America and the Pacific Region.

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Unlimi-Tech to bring Emmy

Ottawa, Canada (PRWEB) March 24, 2015

Unlimi-Tech Software, Inc., a pioneer in managed file transfers and the Emmy® Award winning creator of FileCatalyst, is pleased to announce they will be attending the NAB Show at the Las Vegas Convention Center from April 13 to 16, 2015.

With over 1700 exhibitors and 26,000 attendees, the NAB Show is the world’s largest video, audio, and broadcast event serving the digital media and entertainment industries. FileCatalyst will be in attendance demonstrating their patented accelerated file transfer solutions in booth SL8505.

The team will be providing demonstrations of their latest product, FileCatalyst Direct 3.5, which along with improved stability and performance, will have the ability to save data directly to Amazon S3. The team will also be available to answer any questions and meet with attendees for one-on-one meetings to discuss individual file transfer needs. Attendees will also have a chance to win t-shirts and an Apple TV.

The FileCatalyst booth will offer a live demonstration of an end-to-end workflow solution, which will show how live sports production can benefit from accelerated file transfer by demonstrating how easy it is to have remote teams collaborate on live footage. Using MOG for ingest of both SDI and files, FileCatalyst will accelerate growing proxies in close to real time over a simulated WAN environment, provided by Apposite Technologies, into Avid MediaComposer.

In addition, the FileCatalyst booth will feature a speaking theatre that will host presentations from both FileCatalyst and some of their technology partners, such as Adobe and Telestream, every half hour from 10am to 3pm on April 13, 14, and 15, and from 10am thru 1:30pm on April 16.

FileCatalyst continues to grow their partner ecosystem and this year will feature a partner pavillion within their booth. Technology partners Cubix, Thinkbox Software, Cambridge Imaging Systems, Empress, Vidispine, and Scale Logic will each be on hand to demonstrate their software and showcase their integrations with FileCatalyst.

“We are really excited to be part of the FileCatalyst Partner Pavilion at NAB this year,” said Tom Blake, CEO of Cambridge Imaging Systems. “We will demonstrate how FileCatalyst works seamlessly with Imagen to deliver an ultra-fast, secure, and reliable file transfer service to your Imagen platform,”

In addition, FileCatalyst president and co-founder, John Tkaczewski will be sharing his expertise in a session entitled “Network and Connection Issues Facing the Military and Government in the Transfer of Data”, on Wednesday April 15 at 11:30am in meeting room S225.

“FileCatalyst is looking forward to being back in Las Vegas for NAB 2015,” said Unlimi-Tech co-founder and CEO, Chris Bailey. “This year our booth is bigger than ever, and we have some surprises in store, so we encourage everyone to come by and visit us ”

Prior to NAB, members of the FileCatalyst team will also be attending JB&A’s pre-NAB Digital and Media Workflow event on April 11 and 12 at the Westin Las Vegas Hotel, as well as Avid Connect from April 10 to 12 at Caesar’s Palace.

About Unlimi-Tech Software, Inc.

Located in Ottawa, Canada, Unlimi-Tech, a pioneer in managed file transfers, is the creator of FileCatalyst, an Emmy® Award winning accelerated file transfer solution. Founded in 2000, the company has more than one thousand customers in media and entertainment, energy and mining, gaming, and printing, including many Fortune 500 companies as well as military and government organizations. FileCatalyst is a software platform designed to accelerate and manage file transfers securely and reliably. FileCatalyst is immune to the effects that latency and packet loss have on traditional file transfer methods like FTP, HTTP, or CIFS. Global organizations use FileCatalyst to solve issues related to file transfer, including content distribution, file sharing, and offsite backups. To learn more visit or @FileCatalyst on Twitter.

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New York, New York (PRWEB) March 23, 2015

Announced today, SNL Financial released its annual ranking of 2014’s 50 best-performing credit unions. Idaho Central Credit Union led SNL’s credit union ranking for the third year running. The Chubbuck, Idaho-based credit union came in first over Schlumberger Employees Credit Union and First Florida Credit Union, which ranked second and third, respectively.

In the analysis, SNL ranked the best-performing credit unions using the following five core financial performance metrics: member growth, net chargeoffs as a percentage of average loans, efficiency ratio, asset quality and market growth. To qualify for this ranking, a credit union had to report more than $ 500 million in total assets and a net worth ratio of at least 7.0% as of Dec. 31, 2014. Based on these two criteria, there were 458 credit unions that qualified for this analysis.

For each institution, SNL calculated that credit union’s standard deviation from the mean for each of the ranking metrics. The standard deviations from the mean for each metric for each institution were then equally weighted and added together to calculate a performance score for each credit union. To help normalize the data and mitigate the impact of outliers, caps and floors were applied for each metric.

For the full report, click here.

The ranking of all 50 Credit Unions is also attached.

About SNL Financial

SNL Financial is a leading provider of financial information on more than 6,500 public companies and 50,000 private companies in the business sectors critical to the global economy: Banking, Financial Services, Insurance, Real Estate, Energy, Metals & Mining, and Media & Communications. The SNL information service integrates breaking news, comprehensive data and expert analysis into an electronic database available online and updated around the clock. For more information, visit

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For Immediate Release: SNL Financial Announces Top 100 Best Performing Community Banks for 2014

New York, New York (PRWEB) March 23, 2015

Announced today, SNL Financial released its annual ranking of 2014’s top 100 best performing banks in two categories: community banks with assets between $ 500M and $ 5B and community banks with assets less than $ 500M. Of the companies with assets between $ 500M and $ 5 B, Dallas-based State Bank of Texas earned the top place. This is the first time the bank has made it to SNL’s top 100 list. Coming in as first and second runners-up, respectively, were Biscayne Bank of Coconut Grove, Florida and St. Martin Bank and Trust Company, of Saint Martinville, Louisiana.

For this ranking, SNL defined community banks as institutions with between $ 500 million and $ 5 billion in assets and 60 or fewer offices. In addition, at least one-third of the bank’s balance sheets must be composed of loans and less than half of those loans can be attributable to credit card lending. Moreover, the bank had to be well-capitalized according to regulatory standards and could not have a majority of revenue derived from nontraditional banking activities.

SNL ranked companies at the bank holding company level if consolidated data was reported; otherwise, the commercial bank subsidiary was used. Thrifts and companies that have parents with assets above $ 5 billion were excluded. Based on these criteria, 805 companies were eligible for the $ 500 million to $ 5 billion ranking.

In the category of best-performing community banks with assets under $ 500 million, Cherokee, Okla.-based Farmers Exchange Bank took the top spot for the second year in a row. Grand Ridge, Ill.-based Grand Ridge National Bank jumped to second place from No. 32 in 2013 after posting strong improvements in return on tangible assets, net interest margin and loan growth. Bank 7 of Oklahoma City, Oklahoma ranked in third place.

For this ranking, SNL looked at commercial banks with less than $ 500 million in assets at year-end 2014, 60 or fewer offices, and loan portfolios accounting for more than one-third of total assets. Additionally, the bank’s loan portfolio had to consist of less than 50% credit card loans and no more than half of the bank’s revenue could be from nontraditional banking activities. Banks also had to be well-capitalized according to 2014 regulatory standards. Companies with a parent with more than $ 500 million in assets were generally excluded as well. Based on the above criteria, 3,921 banks were eligible for the ranking.

SNL ranked the best-performing community banks using six core financial performance metrics that focus on profitability, asset quality and growth for the 12-month period ended Dec. 31, 2014. The metrics used include return on average tangible assets before tax, net charge-offs as a percentage of average loans, adjusted Texas ratio, efficiency ratio, net interest margin and loan growth for loans including those held for sale. SNL measured each company’s standard deviation from the mean of each metric. The standard deviations were equally weighted then added together to calculate a performance score for each company. Furthermore, the scores were capped to help normalize the data.

Click here to see list of the top 100 community banks between $ 500 million and $ 5 billion in assets for 2014 and here for the full report.

Click here for the 2013 ranking of the top 100 community banks between $ 500 million and $ 5 billion in assets.

Click here to see the list of the top 100 community banks under $ 500 million for 2014 and here for the full report.

Click here for the 2013 ranking of the top 100 community banks under $ 500 million.

Recognition: SNL will recognize the top performers in person at the fourth annual SNL Community Bankers Conference, April 15-16th, at the Ritz-Carlton, Amelia Island, Florida. The conference features community bankers and advisors from across the country sharing operational and financial strategies they’ve found useful in driving profitability. Details and registration can be found at the SNL Knowledge Center’s website.

About SNL Financial

SNL Financial is a leading provider of financial information on more than 6,500 public companies and 50,000 private companies in the business sectors critical to the global economy: Banking, Financial Services, Insurance, Real Estate, Energy, Metals & Mining, and Media & Communications. The SNL information service integrates breaking news, comprehensive data and expert analysis into an electronic database available online and updated around the clock. For more information, visit

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Department Stores in Australia Industry Market Research Report Now Updated by IBISWorld

Melbourne, Australia (PRWEB) March 23, 2015

The Department Stores industry has struggled over the past five years, due to a weak retail environment and low consumer confidence following instability in global financial markets. Consumers have become increasingly price-conscious and reluctant to spend their discretionary income, preferring to pay down debt and increase savings. Over the five years through 2014-15, industry revenue is forecast to contract at an annualised 2.7% to $ 18.0 billion. Despite record low interest rates, consumers are expected to remain frugal in 2014-15, with industry revenue forecast to decline by 1.1%. The Department Stores industry is characterised by a very high level of concentration, with the top four enterprises accounting for the majority of industry revenue. As concentration is high, competition is intense. According to IBISWorld industry analyst Lauren Magner, “discounting is prevalent across many stores and product lines, particularly among the low- to mid-market department stores.” Major players have launched online platforms as a new avenue for revenue growth. Multichannel retailing activities are expected to become more prevalent over the next five years, as players attempt to ride the wave of growth from the online segment.

Restructuring activities have been rampant during the past five years. “Most major players have undergone structural changes in an attempt to tackle growing competition and reinvigorate retail spending,” says Magner. Wesfarmers has been successful in restructuring both of its department store brands, with Kmart streamlining its operations to focus solely on value products and Target strengthening its position in the mid-range market. David Jones has restructured its operations by tightening its grip on the premium market, and was acquired by South Africa’s Woolworths Holdings Limited in 2014. The industry will face increased competition from online retailers and international fashion giants over the next five years, which will constrain revenue growth. Furthermore, falling capital expenditure by mining companies and concerns regarding the competitiveness of Australian businesses will weigh heavily on household purchasing decisions. Consequently, over the five years through 2019-20, industry revenue is forecast to fall.

The Department Stores industry is highly concentrated. The top four major players are Wesfarmers Limited, Woolworths Ltd, Myer Holdings Limited and David Jones Limited. Major players in the industry have numerous retail outlets throughout Australia, both in metropolitan and regional areas. Considerably high barriers to entry ensure that industry concentration remains strong, as major players use economies of scale to achieve and maintain profitability. Department stores require large amounts of retail space in a number of locations to compete effectively in the Australian market. Such retail space is extremely rare and keeps competitors out of the industry. The industry in the mature stage of its life cycle, and there has been some merger and acquisition activity over the past five years.

For more information, visit IBISWorld’s Department Stores industry in Australia report page.

Department stores retail fabrics, soft goods, clothing, chinaware, glassware, housewares, perfumes, cosmetics, toiletries, furniture and household appliances. Goods are normally sold through separate instore departments. Department stores purchase products from wholesalers and manufacturers and sell them to consumers, generally without changing the products. They also undertake activities like customer service, product merchandising, advertising, inventory control and cash handling.

Follow IBISWorld on Twitter:!/ibisworldau

IBISWorld industry Report Key Topics

Industry Performance

Executive Summary

Key External Drivers

Current Performance

Industry Outlook

Industry Life Cycle

Products & Markets

Supply Chain

Products & Services

Major Markets

International Trade

Business Locations

Competitive Landscape

Market Share Concentration

Key Success Factors

Cost Structure Benchmarks

Basis of Competition

Barriers to Entry

Industry Globalisation

Major Companies

Operating Conditions

Capital Intensity

Technology & Systems

Revenue Volatility

Regulation & Policy

Industry Assistance

Key Statistics

Industry Data

Annual Change

Key Ratios

About IBISWorld Inc.

Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit or call (03) 9655 3886.

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