27 august 2008

Vivisimo Growth Continues in First Half of 2008

Enterprise search firm continues penetration into international markets

Pittsburgh, PA — Vivisimo (vivisimo.com), a leader in enterprise search, achieved two milestones in the first half of calendar year 2008, closing on the company’s first round of outside investment and being named a leader in enterprise search by Forrester Research, Inc. an independent analyst firm.

Demonstrating continued sales growth, Vivisimo sold a record 38 software licenses for its Velocity Search Platform™ during the first half of 2008, up 27 percent over the same period a year ago. In addition, deployments of Velocity through OEM relationships continued to accelerate in the first half of 2008, growing to more than 900 organizations using Vivisimo’s search platform.

Vivisimo also signed seven new reselling and consulting partnerships. The growth continued Vivisimo’s expansion into international markets, with partnerships added in northern and southern Europe and Latin America. Among the new partnerships is Kisiwa Technologies SRL in Italy, which produced a number of Vivisimo search deployments within the Italian government.

In May, the Forrester Wave: Enterprise Search, Q2 2008 report assessed Vivisimo’s Velocity Search Platform™, noting that: “Vivisimo’s investments in Velocity’s user interface flexibility, social networking features, federated search, and a rich API make it a market leader.”1

The company’s continued growth follows the strategy Vivisimo announced in March when it closed on the first-ever institutional investment in the company’s eight-year history by Portland, ME based North Atlantic Capital (northatlanticcapital.com).

“Vivisimo continues at the forefront of creating strategies and products to help organizations manage and profit by the massive amounts of data they are creating and storing,” said Raul Valdes-Perez, chief executive of Vivisimo. “We help our customers maximize the business value of their information by using sophisticated search and discovery to drive collaboration and innovation throughout their organizations.”

Other highlights for the first half-year include:

  • Introduced the Velocity Discovery Module, with auto-classification, express tagging and native document export features for more collaboration in search discovery applications
  • Introduced Clustering 2.0, or remix clustering, a patent-pending technology that reveals submerged or secondary topics in addition to the initial clustering
  • Hiring of Vivisimo’s 100th employee
  • Won 'Best Enterprise Search Solution' in InfoWorld's 2008 Technology of the Year
  • Named to KMWorld's list of 100 'Companies that Matter in Knowledge Management'
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1 Executive Summary, The Forrester Wave™: Enterprise Search, Q2 2008, (a copy of the report is available at http://www.vivisimo.com).

About Vivisimo, Inc.
Vivisimo provides enterprises with innovative search solutions that allow end-users to find and take advantage of all appropriate and available information, regardless of source, location or type. Vivisimo’s innovative technology, including social search tools that enable collaboration throughout the enterprise, is delivered with a focus on end-user satisfaction and application control through easy-to-use interfaces, flexible security management and a modern architecture that enables quick deployment. Vivisimo products are available for standalone search applications or as OEM versions embedded as critical search technology within partner applications and solutions. Vivisimo serves its global clients from headquarters in Pittsburgh, USA, and partners throughout the world. Visit Vivisimo.com and our [Search Done Right™] blog.

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