Expert System Raises $27 Million in IPO

Expert System

CHICAGO, February 18, 2014 /PRNewswire/ -- Semantic technology company Expert System today announced that it has raised over $27 million in the company's IPO on Italian stock exchange AIM Italia. The company's listing, which began trading this morning, is the largest in AIM Italia history. Expert System, which has two U.S. locations, plans to increase its U.S. investment, with the addition of sales and technical staff, and the opening of a new office in San Francisco next month.


The company's growth follows a successful 2013, which saw the opening of a Federal office in the Washington, D.C. area, and the introduction of new products such as the market's first semantic intelligence API and its end-to-end taxonomy management and categorization platform. Recent enhancements for its SharePoint integration solution and publishing platform were also made in response to market demand.


The growing reliance on information to solve business problems is placing increasing demands on software to enhance the effectiveness of search, capture weak signals in information streams and support customer interactions. Expert System is responding to these needs by increasing development of integrations and connectors that brings the power of its semantic technology to existing platforms and traditional applications.


The patented Cogito semantic technology helps enterprises and government agencies take advantage of strategic information for useful knowledge and actionable insight by extracting meaning and context from information. The software is distinguished not only by its semantic approach, but also for its ability to strengthen analytic capabilities of existing platforms including Microsoft SharePoint, i2 Analyst's Notebook, Palantir, Google and more.


Original Release: PR Newswire

Image: Courtesy Expert System