NEW BRUNSWICK, N. J., November 12, 2014 – Connotate, a leading provider of technology and services that enable companies to harvest and monetize content from the world’s 1 billion+ websites, today announced record-breaking results for the third quarter of 2014, driving a 26% year-over-year improvement in Annual Contract Value.

Specific third quarter accomplishments driving the unprecedented performance include:

• Major new client wins in the government and manufacturing sectors for both platform and custom datapipe offerings;
• License renewals and expanded relationships with clients in the information/publishing industry, security and risk, and other business services;
• Continued success and widespread use of its FetchCheck service, which supports criminal background checks by obtaining data, on demand, from 1,500 U.S. jurisdictions;
• Further expansion of Connotate’s AdStats product, which accelerates the aggregation of online advertising statistics to speed the billing reconciliation process.

“Our results are driven by the need for businesses to obtain increasing amounts of website content for their data products and analytic applications.” said Tom Williams, Connotate’s chief operating officer. “Companies put their trust in Connotate because our industry-leading technology and services enable their data supply chains to efficiently execute and scale.”

Growth in Connotate’s core target sector, information services, is helping drive sales. According to Outsell, Inc., a research firm focused on the information services industry, total sector revenues are estimated to exceed $775 billion by the end of 2014, up from $721 billion at year-end 2012.  Industry surveys indicate the sector’s expenditures on technology have grown by 30% from 2011 to 2013, while expenditures on content creation and data have increased a whopping 56%.

“Not only are industry trends with us, but we continue to invest to bring the easiest to use, most scalable Web data extraction solutions to market.” said Rich Kennelly, chief executive officer of Connotate. “Our recent 4.3 release is a great example, with features that make it easier to identify the Web content businesses need, extract higher volumes of data, and do it at lower labor and technology costs.  As we continue to innovate and help data driven businesses grow, we anticipate even stronger company performance in the future.”

About Connotate

Every day, global companies turn to Connotate’s technology and managed data services to help them efficiently harvest, structure, and monetize content sourced from the world’s 1 billion websites. Our industry-leading platform is at the heart of the Web data monetization operations of many of the world’s leading information services companies, including Thomson Reuters, McGraw-Hill, and the Associated Press, among others. Connotate has been named a KMWorld “Trend-Setting Product” for the past nine years, and appears in a number of Gartner Hype Cycles under the “Content Analytics” subject area.

For more information, visit www.connotate.com or www.connotate.co.uk, follow us on LinkedIn, and on Twitter at @Connotate.

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Contacts:

Gina Cerami
Connotate, Inc.
(732) 964-1380
gcerami@connotate.com