Claraview Spins Off Software Company
||Online News published in DMReview.com
February 3, 2006
Claraview, Inc., a business intelligence strategy and technology consultancy, announced that it has completed the spin-off of its Clarabridge software unit into an independently operating software company. As part of this transaction, Boulder Ventures was the lead investor in a $3 million Series A financing for Clarabridge.Clarabridge will deliver technology solutions that enable quantitative analytics on the full spectrum of an enterprise's information assets, including unstructured data. Clarabridge's newly released Content Mining Platform transforms unstructured content - contracts, filings, forms, call center notes, medical records, insurance claims, emails, etc. - into information that can be directly mined using standard businesses intelligence (BI) tools and analysis techniques.
Clarabridge is a direct result of insight gleaned from hundreds of Claraview client engagements, from which it became clear that most large organizations face a common key challenge - bridging the gap between the worlds of unstructured and structured data. Throughout 2004 and 2005, Claraview invested in the development of the Clarabridge technology. In late 2005, Claraview moved to separate the two companies and secure outside funding to capitalize on the large market opportunity in unstructured data for Clarabridge.
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