Sprylogics Signs Definitive License Agreement
2012年2月12日 - 3:58PM
PR Newswire (Canada)
• Licenses Platform to Softection PTY
Limited of Australia TORONTO, Feb. 15, 2012 /CNW/ - Sprylogics
International Corp. - TSX Venture: SPY ("Sprylogics" or the
"Company") is pleased to announce that it has signed a definitive
license agreement with Softection PTY Limited ("Softection") of
Australia to license Sprylogics' Semantic Search Technology.
Softection develops Digital Asset Protection ("DAP") Enterprise
solutions in the Data Loss Protection marketplace (which is growing
at a rate of 20% per year according to The Radicati Group of Palo
Alto, CA). Their current technology protects an
organization's sensitive digital assets through encryption, logging
and tracking. Integration of the Sprylogics technology will fill
the void left by other Data Loss Protection technologies by
enabling the discovery, classification and tagging of sensitive
unstructured data. The solution will also allow for the real time
identification, classification and protection of all new digital
assets to proactively enforce data security policies. Softection
will target the integrated solution at a number of key enterprise
verticals, and initially, will pursue opportunities within the
growing eHealth market. "We look forward to this relationship and
exploiting the opportunities from the combined technologies of
Sprylogics and Softection", said Marvin Igelman, Sprylogics
CEO. "We continue to execute on our strategy of building
user-centric solutions with our core technology while completing
strategic and complimentary license deals." This license
opportunity is directly related to the Company's previously
announced strategy, "Sprylogics Platform" (see press release dated
October 19, 2011) which relates to the licensing of the core
search, semantic, and data acquisition technology to enterprise
customers in the Financial Services, Health, Telecommunications and
Media verticals. About Sprylogics International Corp. Sprylogics
International develops advanced search and analysis
technology. Additionally, Sprylogics' products search large
amounts of unstructured data on the web, and in internal corporate
databases, and convert it into more relevant searches for a variety
of applications. The core technology driving Sprylogics' solutions
is embedded in the Cluuz Search Engine platform. Cluuz search
results are visually displayed through patent pending semantic
cluster graphs and result in improved decision-making capabilities.
Find out more at www.sprylogics.com, and www.cluuz.com. Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-Looking Statements Statements
contained in this news release which are not historical facts are
forward-looking statements that involve risk, uncertainties and
other factors that could cause actual results to differ materially
from those expressed or implied by such forward-looking
statements. There can be no assurance that such statements
will prove to be accurate and actual results and future events
could differ materially from those anticipated in such
statements. All forward-looking statements included in this
news release are based on information available to the Company on
the date hereof. The Company assumes no obligation to update
any forward-looking statements, except as required by applicable
securities laws. Sprylogics International Corp. CONTACT: Sprylogics
International Corp.David Berman, CFO, 905-761-9200 Ext.21 or
davidb@sprylogics.com
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