iSOCO and Bitext Reach Deal to Develop Naveganza® 3rd Generation Search Engine Platform
The company iSOCO, a leader in groundbreaking solutions for information management, has reached a deal with the company Bitext, a leading firm in natural-language analysis technology, for the launch of the Naveganza® search engine. The deal involves an investment of €600,000. iSOCO and Bitext have joined forces to launch the third-generation search engine based on understanding users and documents by applying semantic technology and natural language.
The two companies have said over the years that today’s search engines do not respond to the need to quickly, effectively and easily access the ever-growing amount of information available on the Internet. Search engines have been evolving since the first-generation ones which were based on features of documents, such as keywords, to the second-generation ones that also analysed links between documents and texts, etc. Now Naveganza provides a new way of accessing information that combines understanding users and documents by applying semantic technology and natural language.
iSOCO specializes in developing complex Internet applications that make it possible to manage information intelligently. It leads various international consortiums which are researching ways to make the Internet a more intelligent tool, aimed at helping people and organizations access information and knowledge. Bitext is a pioneering company in the development of natural-language technology and enables any application to be able to understand its users in colloquial language. In the words of iSOCO Marketing Manager, Pedro Solís, “Although many second-generation search engines exist, there is a clear need, for Spain too, to create innovation and to take a qualitative leap forward by adding semantic technology and natural language to today’s search engines.” He adds, “Joining experience with know-how, teams and technologies, this alliance will speed up the creation of a platform to generate more intelligent vertical search engines.”
Bitext CEO Antonio Valderrábanos remarks, “The agreement with iSOCO makes it possible to build search engines that incorporate natural language so that it is the machine which learns how people speak and not the other way round, as has been the case since the appearance of the first computer.”
About iSOCO
iSOCO, a leading company in the transformation of IT research into groundbreaking solutions that add value for its customers and society (www.isoco.com) was founded in 1999 as part of a project by the CSIC Institute of Artificial Intelligence in Barcelona. Today it has offices in Sant Cugat (Barcelona), Madrid and Valencia and has developed sophisticated intelligent information-management applications for customers including Bankinter, La Caixa, Deutsche Bank, the Marcelino Botín Foundation, Residencia de Estudiantes, COPCA, the Generalitat Regional Government of Catalonia, Vodafone, Vulcan Inc. etc.
About Bitext
Bitext (www.bitext.com) is the market leader in natural-language analysis technology in the Spanish tongue. Founded in 2001 with 100% Spanish capital and technology, Bitext contributes high added-value solutions for the intelligent access, management and recovery of information for customers including RENFE, Lionbridge, Atos, the Ministry of Defence and the Ministry of Public Administrations. Its star product, NaturalFinder, permits any search engine to understand its users’ language.
For further information:info@bitext.com
