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PRESS RELEASES
Zuraidah Hoffman, Washington
703-676-2541
Email: hoffmanz@saic.com
Ron Zollars, San Diego
858-826-7896
Email: zollarsr@saic.com
SAIC’S CONTENT ANALYST PRODUCT DIVISION SOLD
New Company to Focus on Commercial Potential of the Content Analyst™ Technology
(MCLEAN, VA) January 10, 2005 -- Science Applications International Corporation (SAIC) today announced that it has sold its Content Analyst product division and all related intellectual property, including issued and pending patents on Latent Semantic Indexing, to Content Analyst Company, LLC, a newly-formed company based in Reston, Va.
SAIC has been developing this technology for six years, offering it to its federal customers. The new company will focus on further developing and improving this technology for the commercial market. The Content Analyst Company is being funded by a private investment group, and SAIC holds a minority interest in the new company. Content Analyst Company has appointed SAIC to serve as a reseller and preferred integrator of its products.
The Content Analyst technology has been incorporated into a software product that automates the analysis and categorization of unstructured text and data, significantly increasing the accuracy and speed of discovering conceptually relevant information within large volumes of data. The Content Analyst software has a demonstrated record of success performing in demanding, secure government applications and has been tested successfully in a variety of industries, including litigation research, opinion research and electronic publishing.
“Over the past six years, the Content Analyst team has developed the software into a viable product,” said Duane Andrews, SAIC corporate executive vice president. “The Content Analyst technology has helped SAIC win significant new federal business, --more-- and we are fortunate to have found an experienced outside investment group that shares our enthusiasm about the Content Analyst technology and is willing to invest in its further development.”
“Our experience and involvement with the Content Analyst technology has helped us increase and add value to our systems engineering services for our clients, and with our ongoing relationship with the Content Analyst Company, SAIC businesses can continue to leverage this product in their customer engagements,” added Andrews.
The Content Analyst Company will focus on developing the commercial potential of the Content Analyst technology while continuing to support SAIC’s federal and other sales and marketing efforts that incorporate the Content Analyst technology.
SAIC is the largest employee-owned research and engineering company in the United States, providing information technology, systems integration and eSolutions to commercial and government customers. SAIC engineers and scientists work to solve complex technical problems in national and homeland security, energy, the environment, space, telecommunications, health care, and logistics. With annual revenues of nearly $7 billion, SAIC and its subsidiaries, including Telcordia Technologies, have more than 45,000 employees at offices in more than 150 cities worldwide. More information about SAIC can be found at www.saic.com.
Statements in this announcement other than historical data and information constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements or industry results to be very different from the results, performance or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in the Company's Annual Report on Form 10-K for the period ended January 31, 2004, and such other filings that the Company makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.
About Content Analyst Company
Headquartered in Reston, Virginia, Content Analyst™ provides powerful and proven Text Analytics tools and technology that automates the analysis of unstructured data. Based on extensions and improvements in the company’s patented Latent Semantic Indexing (LSI) technology, Content Analyst technology exponentially reduces the time needed to discern relevant information from large volumes of documents and data for organizations in a variety of industries.
Content Analyst technology delivers value anywhere employees are required to interact with large amounts of data. To learn more about how Content Analyst technology can help your organization improve productivity and speed the discovery, analysis and delivery of accurate, actionable information, contact us at 1-888-349-9442 or email info@contentanalyst.com.
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