Claraview Spins Off Software Company

FALLS CHURCH, VA – Claraview, Inc., a business intelligence strategy and technology consultancy, today announced that it has completed the spin-off of its Clarabridge™ software unit into an independently operating software company. As part of this transaction, Boulder Ventures was the lead investor in a $3 million Series A financing for Clarabridge.

Clarabridge will deliver technology solutions that enable quantitative analytics on the full spectrum of an enterprise’s information assets, including unstructured data. Clarabridge’s newly released Content Mining Platform™ transforms unstructured content – contracts, filings, forms, call center notes, medical records, insurance claims, emails, etc. – into information that can be directly mined using standard businesses intelligence (BI) tools and analysis techniques.

Clarabridge is a direct result of insight gleaned from hundreds of Claraview client engagements, from which it became clear that most large organizations face a common key challenge — bridging the gap between the worlds of unstructured and structured data. Throughout 2004 and 2005, Claraview invested in the development of the Clarabridge technology. In late 2005, Claraview moved to separate the two companies and secure outside funding to capitalize on the large market opportunity in unstructured data for Clarabridge.

According to Claraview President Nithi Vivatrat, “Clarabridge brings to fruition the long-promised convergence of analytical technology for structured and unstructured data. Claraview looks forward to using the Clarabridge platform to deliver innovative solutions to our customers as part of our unstructured data practice.”

Chairman and CEO Sid Banerjee states, “The Clarabridge spin-off is a significant milestone for Claraview, as it demonstrates our ability to incubate and bring to market compelling technology in the course of delivering world-class services to our customers. This step continues Claraview’s mission of being the leading provider of technology and expertise in business intelligence.”

Further information about Clarabridge can be found at http://www.Clarabridge.com, and further information about Claraview can be found at http://www.claraview.com.

ABOUT CLARAVIEW
Claraview is a strategy and technology consultancy that helps leading companies and government agencies use business intelligence to achieve competitive advantage and operational excellence. Our clients realize measurable results: faster time-to-decision, improved information quality, and greater strategic insight. The Claraview Way has delivered scalable business intelligence systems on time and on budget to many well-known organizations including Lowe’s Companies, Inc., KeySpan, the Public Company Accounting Oversight Board, Office Depot, Universal Studios, the U.S. Department of Education, and the Federal Election Commission. Challenge Us to Make Business Intelligence WorkSM. Visit Claraview at www.claraview.com.

ABOUT CLARABRIDGE
Clarabridge™ is an emerging leader in helping private and public sector enterprises leverage unstructured content to provide critical operational and strategic business insight. Unlike traditional approaches that are inflexible, expensive, and time consuming, Clarabridge’s patent-pending software uniquely combines the best of the structured and unstructured analysis worlds, allowing enterprises to greatly extend the value of their existing BI investments. Visit Clarabridge at www.clarabridge.com.

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