CompassWare announces new 'Find' technology that offers superior functionality over traditional search engines for the Intranet and Internet; Industry experts agree 'Stop Searching and Start Finding' with Magnet Technology.NEW YORK--(BUSINESS WIRE)--July 30, 1996--CompassWare Development today unveiled its new Magnet Family of Find-engine technology, developed to replace existing search technologies now considered obsolete. Next generation information retrieval information retrieval Recovery of information, especially in a database stored in a computer. Two main approaches are matching words in the query against the database index (keyword searching) and traversing the database using hypertext or hypermedia links. demands "search engine" software be more intelligent and learn about its users personal interests to satisfy their requests. These new "Find" engine products allow users "to stop wasting their time searching and to start finding the right information." "Users continually need more focused, real time information from all the various Internet or Intranet resources. The intelligent filtering and searching offered by Magnet technology is one of the most useful options for retrieving the information you want and eliminating the raft of unwanted material generated by existing search services," said Michael Sullivan-Trainor, research director of electronic messaging/Internet at International Data Corporation. CompassWare's Magnet technology is driven by advanced machine learning, relevancy feedback and automatic user profiling algorithms that meet the growing needs for effective information retrieval in Intranet, Internet and third party software and content developer environments. "Magnet technology goes beyond the idea of a search engine merely being either a directory service, a keyword look up or Boolean string," says David Waxman, Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CompassWare Development. He continues, "Advanced techniques such as machine learning and automatic user profiling learn users personal interests over time, so users of Magnet technology can get only the most relevant information they truly need -- automatically. In today's era of information overload A symptom of the high-tech age, which is too much information for one human being to absorb in an expanding world of people and technology. It comes from all sources including TV, newspapers, magazines as well as wanted and unwanted regular mail, e-mail and faxes. -- CompassWare's Magnet technology is what business users, knowledge workers, application developers and content providers have been waiting for, no other search engine offers these sorts of capabilities." The Magnet Technology family includes: -- MagFind - The core of the Magnet Technology Family, MagFind provides advanced information retrieval for static databases using conceptual statistical natural language processing Natural language processing Computer analysis and generation of natural language text. The goal is to enable natural languages, such as English, French, or Japanese, to serve either as the medium through which users interact with computer systems such as and dynamic query expansion (information science) query expansion - Adding search terms to a user's search. Query expansion is the process of a search engine adding search terms to a user's weighted search. The intent is to improve precision and/or recall. The additional terms may be taken from a thesaurus. combined with machine learning technologies such as relevance feedback Relevance feedback is a feature of some information retrieval systems. The idea behind relevance feedback is to take the results that are initially returned from a given query and to use information about whether or not those results are relevant to perform a new query. and automatic user profiling to provide more relevant, personalized results. -- MagFilter - MagFilter monitors and routes dynamic data flows such as real-time news feeds and fast-changing web publishing Creating a Web site and placing it on the Web server. A Web site is a collection of HTML pages with the home page typically named INDEX.HTML. Web sites are designed using Web authoring software which provides a graphical layout capability or by hand coding in HTML or both. environments. Capable of handling high volumes of dynamic contiguous information flows, MagFilter processes incoming information and automatically alerts users to relevant, personalized new information as it enters a defined domain. -- MagAgent - Taking a variety of forms, MagAgents are deployed on Intranets, the Internet and the World Wide Web to handle task-specific information gathering and retrieval efforts of both static and dynamic data. MagAgents are the heart of CompassWare's Personal Internet application product family. -- MagSurf - Allows those creating, storing distributing or using large text repositories to extract the conceptual and topical information they would not have known existed otherwise. Users can drill down through automatically built relevant subtopics to navigate large heterogeneous document collections such as the World Wide Web or corporate Intranet. -- MagTools - Content providers, application developers and information distributors can also harness Magnet technology by building Magnet capabilities directly into their applications and content with the Magnet Toolkit (MTK MTK Maa- ja Metsätaloustuottajain Keskusliitto Mtk ry (Central Union of Agricultural Producers and Forest Owners) MTK Montauk MTK Magyar Testgyakorlók Köre (Hungarian soccer team) ). The MTK is based on object-oriented C++ programming and offers an Applications Programming Interface, (API) that ensures that third party developers find it easy to embed the Magnet technology into their products. The MTK's modularity, scalability and flexibility and sound engineering basis allows a foundation for faster integration of innovative Magnet technologies without re-engineering the entire integration effort. The Magnet family of technologies drives CompassWare's Enterprise, OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and and Personal products: The Intelligent News Filter showcases Magnet technology in the demanding enterprise real-time news and information filtering environment. As the only information retrieval product which has been truly optimized for stressful high-volume real-time filtering of news or other information flows, MagFilter - used in this product - offers both an efficient and effective solution for any enterprise needing to fill such needs. Marketing VP Jeff Cordisco explains that, "The core Magnet technologies are also embedded in our MagnetFind for Web Servers product. When Webmasters need the most efficient and accurate information retrieval product for their web sites, MagnetFind for Web Servers provides just that for functionality. For example, the National Law Journal, (http://www.ljx.com) has embedded Magnet technology as their Find engine for it's Law Journal Extra(TM) web site, the leading WWW WWW or W3: see World Wide Web. (World Wide Web) The common host name for a Web server. The "www-dot" prefix on Web addresses is widely used to provide a recognizable way of identifying a Web site. site for the US legal profession." David Waxman continued, "CompassWare is aiming that Magnet becomes synonymous with synonymous with adjective equivalent to, the same as, identical to, similar to, identified with, equal to, tantamount to, interchangeable with, one and the same as ensuring that users find the information they need in any environment in which they are working. Magnet technology will shortly be widely distributed Adj. 1. widely distributed - growing or occurring in many parts of the world; "a cosmopolitan herb"; "cosmopolitan in distribution" cosmopolitan bionomics, environmental science, ecology - the branch of biology concerned with the relations between organisms with the release of its Magnet Tool Kit product for application developers and content providers who wish to embed Magnet technology into their own products, and CompassWare's personal Internet information management product, MagnetWeb, will be available for free download from the World Wide Web by every knowledge worker who is currently experiencing the frustration of searching for information, but not finding it." About CompassWare Development CompassWare Development, (http://www.compassware.com), designs, markets and supports a sophisticated and powerful family of intelligent agent and Find engine-driven products that it markets to enterprises, content providers, application developer, and end-users of digitized information across Intranets, the Internet, and OEM environments. CompassWare's core Magnet Technology has significant functional and structural advantages in driving CompassWare's family of enterprise, OEM, and personal information management products. The company's products and technology help to bring people and relevant information together and address the compelling issue of information overload. The company's corporate offices are located in Silicon Alley An area in New York that has become known for its companies devoted to multimedia and the Internet. It is located in Manhattan's "Soho" district, which does not stand for Small Office Home Office, rather it is SOuth of HOuston Street. in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . A research and development center is located in Jerusalem, Israel. The following analysts can be contacted for information regarding CompassWare's Magnet technology: Michael Sullivan-Trainor International Data Corporation 508-935-4584 Tim Sloan Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. 617-723-7890 John Robb John Robb may refer to:
Forrester Research 617-497-7090 -0- Intelligent News Filter, MagFind, MagAgent, MagSurf, MagFilter, MagnetWeb and MagnetFind for Web Servers are registered trademarks of CompassWare Development, Inc. Other brand or product names are trademarks or registered trademarks of their respective holders. CONTACT: Scott Germaise CompassWare Development Inc. 18 West 27th Street New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10001 212-685-4220 scott@compassware.com or Rick McKenna Harpell Martins Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most 508-371-1510 x24 rmckenna@harpell.com |
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