In-Q-Tel Signs Strategic Agreement with Spotfire to Bring Power of Visual Data Analytics to Government Agencies
Spotfire DecisionSite Guided Analytics platform to be enhanced for US Government
SOMERVILLE, Mass., Spotfire Inc. announced today that In-Q-Tel, the
independent non-profit venture capital group funded by the Central
Intelligence Agency (CIA), has entered into an agreement to enhance the
capabilities of DecisionSite™, Spotfire's analytics platform, for use
by US government agencies for Homeland Defense and National Security.
The agreement includes a small equity investment as well as an
immediate purchase of DecisionSite and DecisionSite Posters software in
addition to a significant co-development project.
Spotfire's DecisionSite interactive, visual data analysis software
delivers improved insight into many types of complex data, allowing
users to make faster decisions with more confidence. The DecisionSite
platform allows the rapid development of purpose-configured analyst
workbenches with its unique Guided Analytics™ to automate analysis
workflows and assist users in their work. The product is widely used in
the pharmaceutical, high-tech manufacturing and energy industries as
well as by government agencies such as the FDA and FAA.
Under the agreement, DecisionSite will be enhanced to integrate,
analyze and visualize information from both text data mining tools as
well as statistical tools - addressing the need to analyze large
amounts of text and provide analysts with visual search and browse
capabilities.
"The federal government is faced with an unprecedented information
tsunami - of both structured and unstructured information - and
information workers need to be enabled to browse, analyze, and search
this information to find patterns, trends, outliers, and anomalies,"
said Christopher Ahlberg, CEO of Spotfire. "Spotfire enables
organizations to rapidly build tailored analyst workbenches targeted at
the most challenging information problems of today."
"The ability to fuse and visualize data from multiple sources remains a
critical task across all types of enterprises," said Gilman Louie, CEO
of In-Q-Tel. "Whether the private sector or in government
organizations, amassing information is only half the battle. Spotfire's
technology is an invaluable tool to extract value in order to make
better decisions."
About In-Q-Tel
In-Q-Tel is a private, independent, enterprise funded by the CIA.
Launched in 1999, In-Q-Tel's mission is to identify and invest in
companies developing cutting-edge technologies that serve United States
national security interests. Working from an evolving strategic
blueprint that defines the CIA's critical information technology needs,
In-Q-Tel engages with entrepreneurs, established companies, researchers
and venture capitalists to deliver technologies that pay out in
superior intelligence capabilities for the CIA and the larger
Intelligence Community. For more information visit in-q-tel.org.
About Spotfire
Spotfire, Inc. provides Guided analytic applications and services that
empower extended enterprises and their end-users to make faster, more
effective decisions. More than 700 Global 2000 customers from
pharmaceutical, high tech manufacturing, oil and gas, consumer packaged
goods, and academic markets and over 25,000 users gain insights with
Spotfire products worldwide. The company maintains U.S. headquarters in
Somerville, Mass., and European headquarters in Göteborg, Sweden.
Additional information can be found at www.spotfire.com.