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Tuesday, May 01, 2007

Reuters Buys Out Clear Forest? Huh?

Reuters Group, which owns the Reuters News service seems to have purchased and Israeli startup called Clear Forest.

(Globes Online) Reuters Group plc (LSE: RTR; Nasdaq:PTRSY) has acquired Israeli text analysis technology developer ClearForest Ltd. for about $30 million. The companies are due to announce the deal today, before trading begins on Nasdaq. [...]

ClearForest's unstructured data management software creates usable data for decision-making. The company's solution marks the key points in a text, such as persons, companies, or events, and turns them into a structured text that is easier to analyze for research and business intelligence purposes by a company.

Clear Forest has a press release about this over here, and they seem to be really excited about joining the Reuters family.

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