Tuesday, January 11, 2005

SAIC Sells Content Analyst Product Division

San Diego-based SAIC has sold its Content Analyst Product Division to Content Analyst Company LLC, a new company in Reston, Va. The new company is being funded by a private investment group, which is focusing the new company on the commercial potential of Content Analysts's Latent Semantic Indexing technology and patents. SAIC has been offering its tools to federal customers, who use its software for analysis and categorization of unstructured text and data. The software increases the speed and accuracy of discovering conceptually relevant information within large volumes of data, such as in litigatino research, opinion research and electronic publishing. The private investment group was not diclosed, and will hold a minority interest in the new company.