Thursday, August 02, 2007

Out of the dark - Hypertext Solutions buys InFact

Well for those of you who have wondered what my top secret quest for the past few months has been about, you can now, finally, read all about it HERE. It has been an extremely interesting time in my professional career leading the effort to make this deal happen. I have indeed learned a great deal about many things non-technical. I have met an amazingly talented bunch of people who have helped guide me through this amorphous and somewhat enigmatic process.

More than anything, I'm simply thrilled to join Hypertext Solutions (note: the name is just a placeholder, we're still in stealth mode) where I can focus on taking the work that has consumed the last 6 years of my life out to massive success. I'm so happy to be back in the start up world, and especially, a well funded one with a powerful and disruptive strategy.

Finally, for those of you who are interested in perfecting and building upon the world's best NLP based text analysis and search platform, send me your resume! I'd love to talk to you.

And now, here is a snippet from the press release:

SEATTLE--(BUSINESS WIRE)--Insightful Corporation (NASDAQ: IFUL), announced today the sale of its InFact search technology and associated intellectual property rights to Hypertext Solutions Inc. for $3.65 million in cash. Hypertext is a Seattle-based startup company focused on making information on the web more “intelligent.” The transaction closed today.

“Our move to sell the InFact technology enables us to focus on accelerating the growth of our S-PLUS product line and our Data Analysis business, which grew 14% during the first half of 2007 as compared to the first half of 2006,” said Jeff Coombs, President and CEO of Insightful Corporation. “We believe we are well positioned to drive additional growth in the predictive analytics space, and are currently investing heavily to deliver an increasingly enterprise-scalable platform and a series of high-value solutions targeted at the life science and financial services industries.”

3 comments:

Edwin said...

Wow, that's great news!

Bethany said...

Cool. I look forward to seeing more. Make sure to post when your beta is ready!

metalhead said...

3.65 million huh? so what'll it be? Porsche, ferrari? If you're environmentally conscious how about the Tesla-

http://www.teslamotors.com/

Amazing development of 21st century automotive technology that any car enthusiast will love.

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