NEW YORK, Feb. 08, 2018 (GLOBE NEWSWIRE) -- Sinequa, a leader in cognitive search and analytics, today announced that the company achieved a strong performance for the fiscal year 2017 ending on December 31, 2017, including double-digit growth and adding a number of high profile customers and partners. During the year, the company saw strong market adoption for its cognitive, proven and unified platform to empower today’s data-driven organizations to become “information-driven.”
“2017 was yet another really strong year for Sinequa as more companies understand the value of becoming information-driven – rather than just data-driven. To become information-driven, they need a means to extract relevant information from data for employees within their digital workplace. This is provided with great ease but also strong data security by our Cognitive Search & Analytics Platform, which brings the power of AI and natural language processing (NLP) to enterprise search. It provides actionable information presented in context, surfaces insights, informs decisions and elevates productivity,” said Fabrice de Salaberry, COO of Sinequa. “The increased momentum of our solution was also highlighted by the fact that Sinequa was recognized as an industry leader for the second time by both leading analyst firms Forrester and Gartner.”
2017 Achievement Highlights
During the last fiscal year, Sinequa achieved significant milestones:
Growth and Momentum
- Recorded double-digit growth, moved into its new U.S. headquarters located in the heart of the Flatiron District in New York City and expanded its presence in Boston and Philadelphia.
- Invested heavily in hiring sales and marketing and R&D talent. Sinequa’s headcount grew by 26 percent globally (36 percent in North America) to support the company’s growth.
Major new customer wins and significant subscription renewals
- In addition to its existing 40 Fortune Global 500 customers, Sinequa signed in 2017 new high-touch customers in multiple industry verticals in EMEA and North America such as Alstom, one of the world’s leaders in integrated railway systems, DZ Bank, the second largest bank in Germany, a leading Boston-based content delivery network provider and a major global U.S. pharmaceutical company.
- Renewed major customer subscriptions such as AstraZeneca, a long-time customer, which expanded its commitment to Sinequa’s Cognitive Search & Analytics Platform for another three years confirming that AstraZeneca considers Sinequa as a strategic technology partner. The renewal decision was made after an extensive re-evaluation and in-depth benchmarking of three search platform competitors as part of the CIO's strategy and commitment to best-in-class technology.
Product Innovation and Expanded Partner Ecosystem
- Integrated the Relevance Feedback Model (RFM), which takes into account explicit feedback from users who can boost or decrease the relevance of content for themselves and for their peer group; and it gathers implicit feedback from user behavior, such as the preferences they show in selecting content offered on queries.
- Embedded deep learning algorithms together with their most popular execution environment TensorFlow. Word2Vec and some related algorithms help map words and extracted entities (by Sinequa NLP) into a semantic space, where semantic similarities can be detected even if different content uses different vocabularies.
- Offered additional third-party cloud AI services: image recognition, speech to text, natural language translation and video transcription from Google and IBM Watson cloud AI services. These additions bolstered related capabilities already in place with existing integrations of Microsoft Azure Media Services for image and video treatment.
- Added new system integrators in EMEA and North America while continuing to nurture existing system integrator relationships. Sinequa has partners across the globe that completed customer implementations in North America and EMEA such as Atos, Accenture, Booz Allen, B-S-S, Capgemini, CGI, Deloitte, DTI, Infosys, Search Technologies (acquired by Accenture in June 2017), Sword Group, Thales and Weka.
- Integrated Thomson Reuters’ Intelligent Tagging (TRIT) with Sinequa’s Cognitive Search & Analytics Platform to provide financial services with better insights and contextual information from data across the enterprise.
- Partnered with Box, a leading enterprise content platform, to provide a dedicated smart data connector for Box content allowing users to search and extract valuable insights from documents hosted in Box along with other enterprise applications, big data and cloud environments within their organization.
Industry Analyst and Award Recognition
- Recognized as a leader by the analyst firm Gartner, Inc. In March 2017, Sinequa was positioned as a Leader in the Magic Quadrant for Insight Engines¹.
- Named a leader in “The Forrester Wave™: Cognitive Search and Knowledge Discovery Solutions,” Q2 2017².
- Featured in an IDC Technology Spotlight: “Information Discovery & Knowledge Discovery in the Era of Cognitive Applications” by David Schubmehl – IDC Research Director - cognitive systems & content analytics.
- Received the 2017 KMWorld Trend-Setting Product Award.
- Named in the 2017 DB Trends list of Cool Companies in Cognitive Computing.
¹Gartner, Inc., Magic Quadrant for Insight Engines, Whit Andrews, Guido De Simoni, Jim Murphy, Stephen Emmott, 30 March 2017.
² Forrester Research, Inc., “The Forrester Wave™: Cognitive Search and Knowledge Discovery Solutions, Q2 2017” by Mike Gualtieri with Srividya Sridharan and Emily Miller.
About Sinequa
Sinequa is an independent software vendor providing a cognitive search and analytics platform for Global 2000 companies and government agencies. Combining search with advanced Natural Language Processing (NLP) and Machine Learning algorithms, the solution extracts insight from both structured and unstructured data for users in their work context. Sinequa has been recognized as a leader in both the Gartner 2017 Magic Quadrant for Insight Engines and other analysts’ reports. Sinequa develops its expertise and its business around the world with a broad network of technology and business partners. For more information, www.sinequa.com.
Media Contact:
David Gibbs
Touchdown PR for Sinequa
512-826-0754
dgibbs@touchdownpr.com