|By PR Newswire||
|February 12, 2014 08:46 AM EST||
MOUNTAIN VIEW, Calif., Feb. 12, 2014 /PRNewswire/ -- Based on its recent analysis of the Internet software and services market, Frost & Sullivan recognizes LinguaSys, Inc. with the 2013 North American Frost & Sullivan Early Stage Investment Opportunity Award. As businesses become increasingly globalized, companies have to consistently communicate in a variety of languages. LinguaSys caters to this market need with its software solutions that enable it to add more language packages in 120 days, which is a third of the average delivery time. The solidity of its business plan and product has attracted the attention of several investors.
LinguaSys is currently raising money by conducting an equity investment offering for up to $1.5 million on EarlyShares, a funding platform that connects smart investors with unique opportunities. To lean more about the LinguaSys offering, click here.
The effectiveness of a solution is determined by the correct interpretation of the semantics of the message. As the implementation of such solutions can vary widely, intellectual property is a critical factor for success. Even in the absence of such intellectual property, the ability of the solution to gather multiple social media networks across languages can set a company apart.
"LinguaSys has made the most of the opportunities by developing the Carabao Linguistic Virtual Machine™, which is at the core of its semantic analysis offerings," said Frost & Sullivan Senior Research Analyst Renganathan Krishnamurthy. "The value of its packages won it investments totaling $1,300,000 from five investors in two tranches."
Unlike most competing translation models, which are statistics-based, LinguaSys' product is semantics based and allows the software to analyze the content and detect the underlying meaning, emotion or sentiment. Furthermore, the semantics based model allows context-based understanding, which is a critical feature because the same word can sometimes have multiple meanings. Finally, the software stands out for using the same deep analysis that is used for sentiment and translation to offer complex natural language understanding (NLU) in all supported languages.
LinguaSys offers its products in two forms to ensure growth. In the first form, it is offered as a standalone package and installed within the client's internal IT environment. This package is targeted at the Fortune 500 and 100 companies, and at firms having stringent security and privacy requirements. These packages also help to increase LinguaSys' recurring revenue through annual maintenance and support services.
The second form is a usage-based model, whereby the clients are charged based on the depth and variety of language packages used. This model helps the firm target small- and medium-sized businesses (SMBs), as well as organizations that have less stringent data security requirements.
The firm's strategy is to focus on SMBs by leveraging its usage-based model. LinguaSys finds that it merely needs to add more servers to scale up to meet the demand from this segment, noted Renganathan. "Additionally, the firm's growth is assisted by its partnership with other firms and original equipment manufacturer reseller agreements."
Each year, Frost & Sullivan presents this award to the company that has demonstrated strength of intellectual property, industry experience, a successful track record and proven product differentiation capabilities. It has a strong funding history, expansion strategies, and has grown significantly and positioned itself strategically in the market.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
About LinguaSys, Inc.
LinguaSys solves human language challenges in big data and social media for blue chip clients around the world. Its natural language processing software provides real-time multilingual text analysis, semantic analytics and fast, cost-effective natural language user interfaces (NLUI). The solutions are powered by LinguaSys' Carabao Linguistic Virtual Machine™, a proprietary interlingual technology, to deliver faster and more accurate results. Designed to be easily customized by clients, the solutions can be used via SaaS or behind the firewall. Headquartered in Boca Raton, Fla., LinguaSys is an IBM® Business Partner. www.linguasys.com @linguasys
EarlyShares, based in Miami, FL, is a funding platform that hosts equity offerings and rewards-based crowdfunding campaigns on EarlyShares.com. The company has created the funding platform of the future, where small investments ignite big ideas. EarlyShares connects individuals, investors, and communities enabling them to invest in companies, support projects, and earn rewards in an efficient, trusted, and secure environment. To learn more, visit EarlyShares.com.
About Frost & Sullivan
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SOURCE Frost & Sullivan