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SAS acquires Teragram

Posted in Analytics, Business Intelligence, Data Mining, SAS by Pankaj Gudimella on March 27, 2008

SAS, the leader in business intelligence (BI) and advanced analytics, announced today the acquisition of privately held Teragram, the leader in natural language processing (NLP) and advanced linguistic technology. The acquisition will enhance SAS’ own robust text mining and analytical BI offerings, and extend them to enterprise and mobile search.

More than a decade ago, SAS was among the first companies to recognize the importance of text mining, the analysis of text and other unstructured data such as Web pages, documents, email, images and other information not stored in a structured database. Today, SAS leads this important and growing space.

Teragram, a 40-person firm headquartered in Cambridge, Mass., will be run as a SAS company. Terms of the acquisition deal were not disclosed. Teragram’s NLP technology is well-established, with a customer base including CNN, Forbes.com, NYTimes Digital, Sony, WashingtonPost.com, Wolters Kluwer, the World Bank and Yahoo!

“As the data explosion continues, companies need an intelligent way to make sense of it all, whether data is in structured databases or in the huge variety of unstructured sources,” said Yves Schabes, President of Teragram. “Teragram and its technology fit perfectly into SAS’ analytics and text mining efforts, as SAS continues to innovate in this rapidly growing market. We’re pleased to join a company that delivers the software businesses need to blend structured and unstructured data and reach better, timelier and more accurate decisions.

Read more from the press release

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