NEW BRUNSWICK, NJ – October 3, 2012 – Connotate, the leading provider of solutions that help organizations automate data collection from the Web, today announced added capabilities for extracting data from unstructured flat-file documents by transforming them into higher-value structured content with style information and metadata.

Firms in many industries have been searching for a way to automate data extraction and do it with precision. For example, PDF files are widely used in financial reporting and countless hours are spent manually extracting tables and commentary to repurpose documents for new uses.

Connotate’s unique solution precisely analyzes input from files in PDF, HTML, RTF, OCR and other formats, transforming it into an easy to manage output with style information and metadata. This enables organizations to process and analyze higher volumes of data, thereby reducing costs and increasing productivity. Use cases include:

• Finance – convert PDF to output that can be validated against schema such as International Financial Reporting Standards (IFSR) or Generally Accepted Accounting Principles (GAAP)
• Magazines, newspapers and scientific journals – Automatically create a searchable directory of articles by identifying and extracting critical data for the abstract (author, publisher, etc.)
• Legal – for PDFs containing multiple case documents, segment data case-by-case, extracting court name, case number, jurisdiction, presiding judge, date, judgment, etc.
• Government, aerospace and defense technical documentation – convert legacy content (PDF) into standard military or government data modules

“In listening to our customer base, we heard very clearly the need for automated collection and transformation of more types of data – and PDF extraction was at the top of the list,” said Isai Shenker, vice president of product management for Connotate. “We are delighted to offer a proven solution to meet this need by working with our partner, Stelae Technologies, developer of the Khemeia data extraction software.”

Today, customers in publishing, financial services, life sciences, automotive, retail, government, manufacturing and consumer packaged goods sectors are using Connotate to reduce costs and generate new revenue streams. This fall, Connotate is conducting a series of webinars focusing on best practices in Web data extraction. The next webinar in this series will be on October 3, 2012 entitled “Stop Searching and Start Selling: How Automation Enhances B2B Sales Intelligence.”  Learn more about this free, informative webinar.

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About Connotate

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.

Media Contacts:
Gina Cerami
Vice President of Marketing, Connotate
732.296.8844
gcerami@connotate.com

Heather Fitzsimmons
Mindshare PR
650.800.7160
heather@mindsharepr.com