Agreement Accelerates Development of Key Multilingual Information Retrieval Technologies for Defense and Intelligence Communities

April 12, 2004
Cambridge, MA

In-Q-Tel, a private not-for-profit venture group funded by the Central Intelligence Agency, and Basis Technology (www.basistech.com), a leading provider of software solutions for multilingual text mining and information retrieval applications, today announced they signed a strategic investment and development agreement, including licensing.

Taking advantage of Basis Technology's expertise in foreign languages and computational linguistics, Basis Technology and In-Q-Tel will work together to provide key multilingual information management solutions to the Intelligence Community.

Gilman Louie, CEO of In-Q-Tel, said, "The ability to extract critical information from unstructured text in multiple languages is absolutely fundamental to the intelligence process. We became interested in Basis Technology because their software is widely used to enable foreign language capabilities in some of the world's most demanding high-volume commercial environments. We see Basis Technology as a key strategic partner in providing solutions that can enhance the government's efforts to quickly and accurately harness potentially valuable information from foreign language documents."

Carl Hoffman, CEO of Basis Technology, said, "Our partnership with In-Q-Tel underscores the strength of our technology and the new capabilities we bring to the table to aid national security. Providing linguistic solutions to help government organizations deal with massive collections of data has become a significant aspect of our business."

About Basis Technology
Basis Technology (www.basistech.com) provides software solutions for multilingual text mining and information retrieval applications. The company's Rosette Platform is a suite of high-performance, highly reliable, interoperable software components designed for applications that analyze and process all the world's languages.

Top-tier software vendors, content providers, multinational enterprises, and government agencies rely on Basis Technology's solutions for Unicode compliance, language identification, multilingual search, normalization, transliteration, and entity extraction. Clients include industry leaders Amazon.com, America Online, Blueshoe Technologies, Convera, Endeca, Google, Hewlett-Packard, Inktomi, L.L Bean, Northrop Grumman, PeopleSoft, Siebel Systems, and Verity.

Company headquarters are located in Cambridge, Massachusetts, with branch offices in San Francisco, California; Herndon, Virginia; and Tokyo, Japan. For more information, visit www.basistech.com or call 800-697-2062.