CompassWare delivers Intelligent Agent Products for digitized information market; CompassWare Intelligent MagnetSearch Engine & Agents Add Value to WWW Sites, Content Providers, Application Developers & Enterprise Information Environments.NEW YORK--(BUSINESS WIRE)--Sept. 18, 1995--CompassWare Development Inc. has emerged as a significant player in the growing market for Intelligent Agents and retrieval software products. CompassWare's MagnetSearch(TM) Engine and Agent technology answers the needs of anyone developing, managing, distributing or searching complex information environments across the World Wide Web (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. ), CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). or the Enterprise by providing optimal search and retrieval capabilities. CompassWare's MagnetSearch Technology embeds added]d value in a range of content sources and information-driven applications such as WWW sites, groupware Software that supports multiple users working on related tasks in local and remote networks. Also called "collaborative software," groupware is an evolving concept that is more than just multiuser software which allows access to the same data. and workflow environments, document management applications, online news services, and authoring and publishing tools. Makes Personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. Information Delivery a Reality Martin Goetz, a prominent high technology industry investor credited with being a founder of the software industry, commented on CompassWare's MagnetSearch technology, "In order for the information explosion to benefit business, there needs to be an easy and quick way to sift through information resources (1) The data and information assets of an organization, department or unit. See data administration. (2) Another name for the Information Systems (IS) or Information Technology (IT) department. See IT. . CompassWare is the first to leverage search and retrieval technology by making efficient, real-time personalized information delivery a reality. No other Engine I've seen is capable of performing such detailed searches as quickly or effectively. CompassWare is positioned as a pioneer in creating real value from the information superhighway (1) A generic name for the Internet. (2) A proposed high-speed communications system that was touted by the Clinton/Gore administration to enhance education in America in the 21st century. Its purpose was to help all citizens regardless of their income level. ." Products for Content Providers, Application Developers and End Users CompassWare 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. David Waxman said, "With an extremely talented and experienced development team, CompassWare is introducing a line of products with a strong engineering foundation that will meet the current and future demands of content providers, application developers and end users. Our developer's toolkit A set of software routines and utilities used to help programmers write an application. For graphical interfaces, it provides the tools and libraries for creating menus, dialog boxes, fonts and icons. provides us with the flexibility, modularity and scalability to easily integrate with any content platform or application that requires sophisticated and intelligent search, retrieval or information filtering capabilities." CompassWare's Current Product Line Includes: (see product data sheet for more info) - Intelligent News Filter - A client/server-based news management application that uses MagnetSearch Agents to monitor and integrate incoming realtime news feeds and automatically distributes and alerts users of relevant news stories based on concepts and ideas important to them. -- User Highlight: CompassWare has joined Dow Jones' DowVision(R) Alliance Developers Partnership Program. The national DowVision sales force offers the Intelligent News Filter to its corporate customers to meet their personalized news needs. - CompasSearch Web Server - An intelligent, full-text Web search server powered by the CompassWare MagnetSearch Engine, the CompasSearch Web Server optimizes the Internet users' search, making the information in a site easier to find and more valuable, therefore increasing the likelihood of return visits. -- User Highlight: The National Law Journal is embedding 1. (mathematics) embedding - One instance of some mathematical object contained with in another instance, e.g. a group which is a subgroup. 2. (theory) embedding - (domain theory) A complete partial order F in [X -> Y] is an embedding if the CompasSearch Web Server as the search Engine for its Law Journal Extra(TM) web site, the leading WWW site for the U.S. legal profession. - MagnetSearch Developers Toolkit - Content providers, application developers and information distributors can build CompassWare's powerful search and retrieval capabilities right into their content products and applications by integrating the MagnetSearch Engine or deploying MagnetSearch Agents to meet their users demands for instant access to specific information. MagnetSearch - The Next Generation of Search and Retrieval Technology The heart of CompassWare's advanced technology is driven by its MagnetSearch Engine which combines three critical technology advantages. CompassWare is the only developer to incorporate all of these essential technologies into its search Engine: 1. Powerful search functionality - Conventional 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. technologies often deliver imprecise im·pre·cise adj. Not precise. im  pre·cise ly adv. results because they
cannot assess the searcher's true needs. The MagnetSearch Engine
is |the only commercial search Engine and Agent deployment system that
integrates conceptual statistical natural language processing Natural language processingComputer 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 semantic clustering 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. to provide honed and optimally precise relevancy ranked search results. The MagnetSearch Engine "learns from the user" in order to provide continuously improved results. CompassWare also supports current generation search Engine technology that allow the user to incorporate custom term weighting and threshholding into conceptual queries. 2. Object-oriented C++ API (Application Programming Interface) A language and message format used by an application program to communicate with the operating system or some other control program such as a database management system (DBMS) or communications protocol. construction ensures modularity, scalability)y and flexibility providing easy integration for 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 licensers and a sounder engineering basis for the incorporation of additional core search technologies. 3. Real-time efficiency using ultra-efficient "on-the-fly" indexing of external information sources and database inputs provides faster and more efficient processing of queries. This feature gives users of CompassWare's MagnetSearch Engine a strong advantage in building realtime news management and communication applications. Experienced Management To Meet Challenges of New Market CompassWare Development was founded in October 1993 by CEO David S. Waxman; vice president, product development, Larry Finson; and chief technology officer Michael Berkowitz. Mr. Finson and Mr. Berkowitz have combined their 26 years' experience in developing mission-critical content retrieval and information management solutions for major financial institutions, telecommunications providers and Wall Street firms to create the core technology of CompassWare's Engine. In founding CompassWare, Mr. Finson and Mr. Berkowitz have brought their focused experience designing real-time and content-based retrieval information management systems, their broad knowledge of software and information technology as well as their flexible, object-oriented development philosophy under one roof. This knowledge and insight has been enhanced by CompassWare's highly skilled Israeli development team. Mr. Waxman, a venture capitalist Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. who specializes in working with emerging growth companies, has assembled a professional management team from throughout the software industry to drive CompassWare's growth. CompassWare's management is backed by a business advisory board comprised of leading technology executives and investors. CompassWare also maintains a technical advisory board that is actively involved in designing and implementing the MagnetSearch technology and new research and development efforts. CompassWare has 24 employees and maintains corporate, marketing and sales offices in 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 and its development center in Jerusalem. Products are available directly through CompassWare's corporate offices in New York. Please see separate biography data for management personnel profiles. CONTACT: Technology Solutions, Inc. Laura Schiavi, 212-696-2000, x204 lschiavi@tsipr.com Evan Sirof, 410-654-8690 esirof@tsipr.com |
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