Federated Media Publishing Acquires TextDigger for Undisclosed Sum
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dbce1ca9-8cfa-4c54-94fd-9db7a95f8805&Preview=1 - Date
8/23/2010 - Company Name
TextDigger - Mailing Address
12 South 1st Street San Jose, CA 95113 - Company Description
TextDigger, Inc. is an artificial intelligence software developer focusing on advanced information retrieval services for the Web. Spun off of CNET, we are a San Jose-based start-up offering a unique semantic search service for the Web. Our technology looks at the context and relationships of all the words in a user query and then gathers similar words which should be included for optimal search results. From this process, our search tool learns from its users how to judge meanings for future searches. For our media and content partners, this service greatly enhances their users experience by increasing the accuracy of site search results, thereby maximizing potential revenue from premium content and targeted advertising. Our investors include CNET Networks and several private investors. - Website
http://www.textdigger.com - Transaction Type
M&A - Transaction Amount
Undisclosed - Transaction Round
- Proceeds Purposes
- M&A Terms
Financial terms of the transaction were not disclosed.
