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New Brunswick, NJ – September 25, 2012 – Connotate, Inc., the leading provider of solutions that help organizations monitor and collect data from the Web, today announced that Alacra, a leading provider of business information-based solutions for the financial and professional services industries, has deployed Connotate to automate Web data monitoring and collection processes, seeing a six-month payback on their investment.
Based in New York, Alacra provides data integration and legal entity mapping services to numerous large financial institutions and professional service firms around the world. In 2011 the company was faced with a “buy versus build” choice in order to gain reliable access to certain Web data required to bring an innovative product enhancement to market. Alacra sought to deliver a unique collection of information that would be of critical interest to a targeted segment of the financial community.
“We examined cost and time-to-market considerations when deciding whether to build or buy the capabilities needed for us to enhance a mission-critical offering,” said Steven Goldstein, CEO at Alacra. “Connotate’s professional-grade solution proved more cost effective than building in-house and it significantly accelerated our time-to-market.”
The Connotate solution delivers powerful, intelligent and cost-effective Web extraction technology that can monitor high volumes of complex data at near real-time, while also collecting, sorting and formatting that data very quickly. Used by global clients including Standard & Poor’s and The Associated Press, Connotate enables businesses to harness the power of Web data while streamlining operations.
“We are very pleased to team up with Alacra and support their initiative to bring innovative solutions to market quickly,” said Keith Cooper, CEO at Connotate. “By leveraging our technology to automate key processes, Alacra is better positioned to capture critical data, analyze and custom-package it to provide clients with unique, high-value services.”
For more information on Connotate’s full range of solutions, please visit http://www.connotate.com/solutions.
Tweet this: @Alacra deploys @Connotate solution & sees 6 month payback on investment #BigData <link to release>
Connotate will also team up with Aberdeen Group to share sales intelligence research and use cases in a webinar on October 3, 2012 at 2:00 p.m. ET. For more information and registration details, visit http://pages.connotate.com/120310_WebinarPR.html.
For organizations in which content and data are vital to success, Connotate is the Web collection company that puts the power of Web data monitoring and collection into the hands of the business user. Through an easy-to-use ‘point and click’ interface and patented algorithms, Connotate delivers the scalability, reliability and resiliency necessary to drive strategic value from dynamic, Web sources. With benefits ranging from increased productivity, competitive advantages and dramatic operational cost savings, Connotate’s growing customer list includes global businesses such as McGraw-Hill, Associated Press and Thomson Reuters. Connotate has been named a KMWorld “Trend-Setting Product” for the past seven years. Connotate announced the acquisition of Fetch Technologies in March 2012. For more information, please visit http://www.connotate.com or http://www.connotate.co.uk.
Alacra is a leading global provider of business and financial information and solutions. Alacra provides innovative information solutions to more than 400 global financial institutions, corporations, and professional services firms. Alacra's workflow tools aggregate, filter, and custom package mission-critical business information from 200 premium databases and a hand-curated universe of 3,000+ web-based sources, delivering user-ready results for banking, compliance and reference data professionals. For more information about Alacra, visit the company's Web site http://www.alacra.com.
Vice President of Marketing, Connotate
Learn more about: Connotate