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Text Mining raises 3.6 million euros
2004-11-09 admin
TEMIS, provider of corporate Text Mining solutions, has just completed a 3.6 million euro round of financing with ACE Management and Crédit Lyonnais Private Equity (CLPE).
TEMIS develops and markets software solutions for Text Mining. The software transforms free text into usable data, enabling either retrieval of relevant data contained in a document or automatic document classification by topic or by recipient.
At a time when information flow in organizations is constantly increasing, TEMIS' software plays a crucial role in processing this information. It enables decisive productivity gains, in particular in the fields of Competitive Intelligence, analysis of scientific documents, and in customer relationship management.
"I met a team that has perfectly mastered the technology, is able to determine the specific company sectors for which this technology is crucial, and is quick to satisfy prestigious customers in Europe," stated Benoît Perrot of ACE management.
TEMIS doubled its revenue between 2002 and 2003 and is set to achieve a similar performance for 2004. Its customers include major companies such as Novartis, IPSEN, Total, PSA Peugeot-Citroën, DaimlerChrysler, TIM-Telecom Italia Mobile, etc.
The 3.6 million euro capital injection will support the development of TEMIS' business in Europe, in particular in France, Germany and the UK, and also to consolidate its technological lead by developing solutions that cover all text information processing issues in a corporate environment.
Taking into account the governmental recommendations concerning the strengthening of companies in terms of competitive intelligence in particular, the Text Mining field shows strong potential for development in Europe.
“ACE Management's relationship with companies such as Thalès, EADS, SNECMA, and AREVA, were an important element in our choice of investor,” said Gilles Pouzenc, Chairman of the TEMIS Board of Directors. “Industrial companies in the Aeronautics, Aerospace, Nuclear and Safety industries, like Pharmaceutical, Chemical and Automotive companies, need to process more and more information if they want to improve the effectiveness of their Research and Development divisions, better anticipate the development of their competitors, or simply better handle their customers' demands.”
www.temis-group.com
www.acemanagement.fr
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