Connotate Raises $5.25 Milion

Connotate, a New Brunswick, N.J.-based provider of solutions that help companies collect data and content from the Web, has raised $5.25 million in new VC funding from .406 Ventures.

PRESS RELEASE

Connotate, Inc., a leading provider of solutions that help companies collect data and content from the Web, today announced that it has raised venture capital from .406 Ventures. The company will use the new capital to increase its product offerings and expand sales and marketing operations to meet the growing demand for real-time data in key vertical markets.

Based on patented technology developed at Rutgers University, Connotate provides clients with customized real-time Web information extraction capabilities that help organizations transform unstructured data into actionable intelligence. Connotate’s solution helps individual organizations detect changes, collect and organize data from more than 3 million Web pages per day and powers products from some of the most successful data-driven companies in the world.

“Connotate has a powerful information intelligence platform that allows users to aggregate content from millions of websites in seconds to create new revenue streams, increase productivity and track Web sites with automated processes,” said Liam Donohue, General Partner of .406 Ventures. “Connotate puts the entire online world’s information at a business user’s fingertips so he/she can easily create and analyze high-value information assets. We are very enthusiastic about supporting Connotate in responding to the growing needs of its customers.”

Connotate will use the capital to expand its market reach and to fuel new innovations that customers will embrace. “We’re excited to have an investor in .406 Ventures that understands the potential of the Connotate platform while enabling the company to consistently innovate and deliver customer value to an information economy that craves it,” said Mark Sanborn, Chairman of the Board. “Connotate’s technology has been extremely successful at meeting customers’ information aggregation and analysis needs across content-driven industries. Connotate will build on this solid foundation and deliver new solutions that the world’s largest information companies and government organizations can rely on to transform Web and enterprise data into high-value information assets.”

“The funding marks the start of an exciting period for Connotate,” said Vincent Sgro, a founding researcher of Connotate’s technology. “We are looking forward to partnering with .406 to broaden sales and marketing efforts and fully develop our Agent Community platform, including increasing our cloud-based offerings. With our approach to developing easy-to-use solutions for business users, the Connotate platform is well-positioned to deliver the actionable intelligence customers need while helping re-shape the information industry as we know it.”

About .406 Ventures:

.406 Ventures (”.406”) is a venture capital firm focused on investing in market-innovative growth technology and services companies being built by the finest entrepreneurs. .406 focuses primarily on early stage, IT and services companies in sectors where the partners have unique domain expertise, a successful track record, and established networks — IT Security; Technology-enabled Business Services; Digital Media; IT Infrastructure; Next-Generation Enabling Technologies. More information can be found at www.406ventures.com.

About Connotate:

Connotate is changing the way businesses leverage information from the Web and Enterprise.

Connotate’s premium solution transforms web and enterprise data into high-value information assets ― to feed content products, grow market and business intelligence, enable mass data aggregation, migration and integration. Connotate’s patented intelligent Agent technology empowers both business users and technologists to quickly create data sets, new applications and content products. With Connotate, customers experience productivity gains, reduced costs, mitigated risks, more informed decision-making and strategic & competitive advantages. Agents operate on a fully-automated, 24 x 7 basis and are created using an intuitive GUI that supports fast and easy configuration by end-users without programming experience. Content is delivered over any number of media including XML, RSS, email, text messaging, file systems and direct feeds to SQL databases and Excel.

Many of the largest global publishers, content aggregators and distributors; financial services firms; and government agencies depend on the Connotate solution to reliably collect, transform and deliver unstructured web data in a reliable, usable format. The Connotate solution has been included as a Trend-Setting Product by KMWorld for the past four years. For more information, please visit http://www.connotate.com.