IN-Q-TEL SIGNS STRATEGIC AGREEMENT WITH SPOTFIRE TO BRING POWER OF VISUAL DATA ANALYTICS TO GOVERNMENT AGENCIES
Spotfire DecisionSite Guided Analytics Platform to be Enhanced for U.S. Government
June 7, 2004
Spotfire Inc. announced today that In-Q-Tel, the independent non-profit venture capital group funded by the Central Intelligence Agency (CIA), has entered into an agreement to enhance the capabilities of DecisionSite™, Spotfire’s analytics platform, for use by US government agencies for Homeland Defense and National Security. The agreement includes a small equity investment as well as an immediate purchase of DecisionSite and DecisionSite Posters software in addition to a significant co-development project.
Spotfire’s DecisionSite interactive, visual data analysis software delivers improved insight into many types of complex data, allowing users to make faster decisions with more confidence. The DecisionSite platform allows the rapid development of purpose-configured analyst workbenches with its unique Guided Analytics™ to automate analysis workflows and assist users in their work. The product is widely used in the pharmaceutical, high-tech manufacturing and energy industries as well as by government agencies such as the FDA and FAA.
Under the agreement, DecisionSite will be enhanced to integrate, analyze and visualize information from both text data mining tools as well as statistical tools – addressing the need to analyze large amounts of text and provide analysts with visual search and browse capabilities.
“The federal government is faced with an unprecedented information tsunami – of both structured and unstructured information – and information workers need to be enabled to browse, analyze, and search this information to find patterns, trends, outliers, and anomalies,” said Christopher Ahlberg, CEO of Spotfire. “Spotfire enables organizations to rapidly build tailored analyst workbenches targeted at the most challenging information problems of today.”
“The ability to fuse and visualize data from multiple sources remains a critical task across all types of enterprises,” said Gilman Louie, CEO of In-Q-Tel. “Whether the private sector or in government organizations, amassing information is only half the battle. Spotfire’s technology is an invaluable tool to extract value in order to make better decisions.”
Spotfire, Inc. provides Guided Analytic applications and services that empower extended enterprises and their end-users to make faster, more effective decisions. More than 700 Global 2000 customers from pharmaceutical, high tech manufacturing, oil and gas, consumer packaged goods, and academic markets and over 25,000 users gain insights with Spotfire products worldwide. The company maintains U.S. headquarters in Somerville, Mass., and European headquarters in Göteborg, Sweden. Additional information can be found at www.spotfire.com.