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7th Jul 2010
Media Contact: Sabrina Sanchez, Ventana Public Relations, +1 (925) 999-9985
Sophia search secures largest angel investment in Northern Ireland to address GLOBAL demand for next-generation enterprise search and discovery
Belfast, Ireland - July 7, 2010 - SOPHIA Search Limited, the emerging leader in enterprise search and unstructured content management, has closed a $1.2 million seed funding round constituting the single largest angel investment ever made in Northern Ireland. The financing will be used to globally deliver and market SOPHIA's next-generation search and discovery solutions.
SOPHIA's technology is purpose built on the company's unique, patented, Contextual Discovery Engine (CDE) based on the linguistical model of Semiotics, the science behind how humans understand the meaning of information in context. The CDE platform automatically detects relationships and themes in unstructured content to enable organizations to seamlessly search, extract, deduplicate and eliminate redundancy of content to minimize risk and reduce the cost of retrieving, storing and managing enterprise information.
The financing round was led by Volcano, Belfast, co-investing with the HALO EIS fund managed by Javelin Ventures, London. With the funds, SOPHIA will invest in product development and delivery, expand its sales channel, and invest in marketing to drive market share for its dynamic CDE solution.
The newly funded organization has an experienced leadership team which includes: Dr. Chris Horn, chairman (formerly of IONA Technologies PLC), and one of the most successful technology entrepreneurs in Ireland; David Patterson co-founder, president and CEO; Dr. Vladimir Dobrynin, co-founder and CSO, Jim Blumel, vice president, business development; John Breslin, CTO, and Alastair Kerr, vice president, global sales.
"Discovering, recovering and eliminating redundant enterprise information has become a critical requirement to ensure compliance and to harness the intelligence of enterprise information," said Chris Horn, chairman, SOPHIA. "The company's patented CDE technology is transforming the way organizations gather and analyze critical information to reduce risk and streamline the cost and complexity of information management. I am pleased to join the SOPHIA team as chairman and look forward to the next stage of rapid growth in one of the hottest market segments today."
"This round of strategic financing is a validation of our industry leading search technology, compelling market opportunity and stellar management team," said David Patterson, co-founder and CEO, SOPHIA. "It's fantastic to have a chairman of Chris Horn's calibre along with a commercially-astute executive team as we push forward with our aggressive growth plans to deliver next-generation contextual search solutions that address real pains in the market. This investment will enable us to accelerate our expansion into the US market which holds so much opportunity for SOPHIA."
About SOPHIA
SOPHIA Search is an innovation leader in enterprise-class search and discovery based on the linguistical model of Semiotics, the science behind how humans understand the meaning of information in context. Unlike traditional search solutions that rely on a limited taxonomy classification hierarchy, SOPHIA is built on a patented, next-generation search engine platform to automatically discover relationships and themes in unstructured content. This enables organizations to seamlessly search, extract, deduplicate and eliminate redundancy of content to minimize risk and reduce the cost of storing and managing enterprise information. Founded in 2007, Sophia is headquartered in Belfast, Ireland with offices in Boston, MA. For more information, please visit: http://www.sophiasearch.com/.
23rd Jun 2010
| ARTIFICIAL INTELLIGENCE ADDED TO MEDLOOM CLINICAL DECISION SUPPORT SYSTEM BUILT ON INTERSYSTEMS CACH |  |
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| Wednesday, 23 June 2010 | |
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Lead Horse Technologies today announced the addition of artificial intelligence (AI) technology to its MedloomTM clinical decision support system. Medloom runs on theInterSystems CACHÉ® high-performance object database platform. CACHÉ provides the high performance, rapid development environment and advanced features needed for the real-time decision support that characterizes the Medloom system, according to John M. Armstrong, Ph.D., Lead Horse Technologies Chairman and CEO. Dubbed ArdvarcTM, the new patent-pending AI software is already viewed by some industry experts as a potential leap forward in drug safety. "Lead Horse Technologies is unique. They've developed terrifically novel software that, in my opinion, would give valuable early signals about drug safety issues... signals that just haven't been available until now," said Charles L. Bennett, MD, Ph.D. and the Center of Economic Excellence Endowed Chair in Medication Safety and Efficacy at the South Carolina College of Pharmacy. "There is no more important issue than pharmaceutical safety, but many people don't really pay attention to it," Bennett continued. "Most clinicians assume that drugs are vetted by the Food and Drug Administration (FDA) or the pharmaceutical manufacturer. Simply stated, the manufacturer has a difficult time and, while the FDA tries its hardest, there just aren't enough people to do the work completely." |
26th Nov 2009
SOPHIA Search has been selected as the overall winner of the All-Island Intertrade Ireland Seedcorn competition.
The Company was selected as the Highest Growth opportunity business in Ireland from an entry of 225 businesses. At the all Ireland finals in Dublin on 26th November, the Company pitched to a panel of 9 judges comprised of leading Venture Capitalists, Entrepreneurs and respected Business people.
At the Gala dinner in the Shelbourne Hotel, SOPHIA was announced as the winner of the top prize worth €100,000 cash investment to the Company.
Previous winners of the All Ireland Seedcorn prize have gone on to raise in excess of €103 million in venture funding.
Commenting on the win, Dr. David Patterson, CEO said:
"We are absolutely thrilled to have been selected as the Highest Growth Opportunity on the island of Ireland. There are so many fantastic businesses in this competition that to be judged by such a distinguished panel of business experts as the top Company is incredibly valuable to us. It is great validation as we push forward with our funding requirements to take SOPHIA to the next level."
13th Nov 2009
Dr. David Patterson, CEO and Alastair Kerr, Sales Director interviewed by Eddie O'Gorman, Business Correspondant, Ireland, BBC Radio Ulster.
about the Companies selection as the Northern Ireland High Growth category winner of the prestigious All Ireland Seedcorn business competition.
10th Nov 2009
SOPHIA Search has been selected as the Northern Ireland regional winner of the All-Island Intertrade Ireland Seedcorn competition.
The Company was selected in the High Growth category and is now guaranteed at least €25,000 from the €360,000 prize fund. The business will present at the all Ireland finals in Dublin on 26th November, competing against 3 other regional winners for the top prize of €100,000.
Commenting on the NI regional win, Dr. David Patterson, CEO said:
"We are delighted to have been selected in the face of such strong opposition. We have made great strides forward on the commercial side of the business in the last 12 months. We alway knew that our unique technology was a powerful product but it is fantastic to see it gaining traction in the market and to have the business acknowledged in this way by leading investment experts and respected business names in Ireland."