Sunnyvale, California-based Inxight’s unstructured information discovery software, called SmartDiscovery, works for different formats of text, including Word documents, note fields and email, as well as federated search and data visualization.
The deal, which is expected to close in July, would give Business Objects’ customers the ability to access both structured information within databases and data warehouses, and unstructured information, including web content. The company reckons unstructured data accounts for more than 80% of all enterprise data.
Inxight’s suite of products includes powerful search federation; summarization, and visualization. These products support the analysis and understanding of relationships, trends, timelines, and patterns in data that would otherwise go unnoticed.
Inxight’s software suite, which also includes summarization, categorization, and clustering; fact and entity extraction; and taxonomy creation; will be added to the BusinessObjects XI platform.
Federated search, text analytics, and unstructured data access are a natural and inherent part of business intelligence, and represent an untapped source of knowledge which most organizations have yet to harvest, said Business Objects chief executive John Schwarz, in a statement. Whether it’s looking at fraud detection, regulatory compliance, the voice of the customer, or intelligence and counter-terrorism, text analytics can help predict important events before they happen and find opportunities before the competition.
Inxight is a privately-held company, with more than 120 workers. Last year, it earned more than $25m in revenue. However, the companies did not disclose whether Inxight was profitable or not. Still, it boasts some heavyweight customers, including AOL, Merrill Lynch, Morgan Stanley, Novartis, and Thomson, as well the US Department of Defense and Department of Homeland Security. The company has more than 300 software OEM agreements with companies including IBM, Microsoft, Oracle, SAP and SAS.
