November 19, 2001
Mountain View, CA
Stratify, Inc. (formerly PurpleYogi), the emerging leader in unstructured data management, announced today that it has been selected by In-Q-Tel, Inc. to implement an information management platform to accelerate data acquisition and effectiveness for the Central Intelligence Agency (CIA). In-Q-Tel, the independent “venture catalyst” funded by the CIA, also became an investor in Stratify, and led the latest financing round.
“In-Q-Tel is building a portfolio of highly innovative and important new commercial technologies that can help tackle the toughest IT challenges the CIA faces today,” said Gilman Louie, In-Q-Tel’s president and CEO. “We chose to invest in the company and become a customer of the Stratify technology platform because it offers a powerful solution to the problem of extracting knowledge from large volumes of information,” said Louie. “The Stratify core functionality provides the high level of scope and accuracy required for critical and large-scale government, as well as commercial, applications.”
The Stratify software platform transforms unstructured corporate data – both internal and external – into relevant and immediately accessible information by automatically organizing millions of documents and displaying them in an easy-to-navigate hierarchy. The Stratify Discovery System software automatically organizes, classifies, and presents document-based information. It collects this business-critical information from a variety of sources, automatically organizes it into a hierarchy of topics tailored to the needs of a particular enterprise, and presents it to users within an easy-to-navigate interface.
“We are very excited to work with In-Q-Tel as part of their strategic imperative to deliver technology innovation to the CIA,” said Nimish Mehta, Stratify’s president and CEO. “The Stratify technology platform is particularly well suited to government applications where one might find massive amounts of unstructured information in the form of briefing documents, studies and reports, which, when organized, can be immediately accessed and acted upon,” said Mehta.
Stratify, Inc. (Formerly PurpleYogi) – Discover More™
Stratify is the emerging leader in unstructured data management software. The Stratify Discovery System is a complete enterprise software platform that helps companies harness today’s vast amount of corporate information by automating the process of organizing, classifying and presenting the business-critical, unstructured information that is usually found in documents, presentations and Web pages. By structuring previously difficult-to-organize information, Stratify software technology increases the value of existing corporate applications such as enterprise search engines, news aggregation services, customer relationship management (CRM), sales force automation tools (SFA), content management software, document management systems and corporate portals.
Stratify software solutions provide information firepower for many types of industries, including biotechnology, financial services, government and professional services.
Founded in September 1999, Stratify is a privately held company that has received funding from Softbank Venture Capital, Intel Capital, Hambrecht & Quist and Skyblaze Ventures LLC. Named as one of The Red Herring 100 for 2001, Stratify is headquartered in Mountain View, Calif. For more information about Stratify, please visit www.stratify.com.