DGAP-News: Spectral Announces Acquisition of Stake in Analytics Company
(firmenpresse) - DGAP-News: Spectral Capital Corporation / Key word(s): Miscellaneous
Spectral Announces Acquisition of Stake in Analytics Company
14.03.2013 / 07:00
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Spectral Announces Acquisition of Stake in Analytics Company
SEATTLE-(BUSINESS WIRE)-(14 March 2013) Spectral Capital Corporation,
(FCCN.QB) (F3SN: SG, BE) announced today that it has purchased a minority
stake in privately held big data analytics company, kontexto.
Kontexto, founded in 2009, is a technology company that has developed
software and services that acquire, analyze and visualize streaming real
time data for companies and institutions. Kontexto has developed two
products based on their proprietary analysis platform: publishflow(TM) and
monitr(TM) along with providing customers the option for customized
services solutions. UK Trade and Investment, the largest government and
business trade organization in the United Kingdom awarded them 'technology
of exceptional potential'. Kontexo's customers include some of the biggest
names in publishing, Post Media Network, The Guardian, Getty Images, Abu
Dhabi Media, Bell Media and The Daily Mail.
'Companies today realize that in order to thrive, they must have instant
insight into data sets that are above and beyond their competitors and
presented to them in user-friendly, flexible formats, which kontexto
offers. Being able to correctly consume the data is just as important as
receiving it. Big data analysis and information management is a growing
market and reaches every industry and market in the world. Much acquisition
activity has taken place in this market, with IBM alone spending over $16
billion for over 30 analytics-related companies since 2005. We believe in
kontexto's vision and long-term growth prospects and are currently in talks
to increase our stake holdings', stated Jenifer Osterwalder, Spectral's
CEO.
Spectral purchased 8% of the issued and outstanding shares of kontexto in a
transaction with Canadian company, Sargas Capital Ltd. through a share and
warrant exchange. There are no registration rights granted in the
transaction and no commissions were paid.
For more information about kontexto, please visit: www.kontexto.com.
ABOUT SPECTRAL:
Spectral acquires and partners with early stage technology companies that
have the ability to grow into independent public companies. We focus on
identifying markets in which a start up has the opportunity to greatly
enhance or become a complete game changer. We look for technology that is
patentable. Through our knowledge and vast network of professionals from
around the world, as well as our experience as entrepreneurs, we provide
support and encouragement for our portfolio teams and their visions.
Spectral's portfolio teams are consumed and innately passionate about the
development of their ideas.
PRESS RELEASE FORWARD LOOKING STATEMENT:
This press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended) concerning future events
and the Company's growth and business strategy. Words such as 'expects,'
'will,' 'intends,' 'plans,' 'believes,' 'anticipates,' 'hopes,'
'estimates,' and variations on such words and similar expressions are
intended to identify forward-looking statements. Although the Company
believes thatthe expectations reflected in such forward-looking statements
are reasonable, no assurance can be given that such expectations will prove
to have been correct. These statements involve known and unknown risks and
are based upon a number of assumptions and estimates that are inherently
subject to significant uncertainties and contingencies, many of which are
beyond the control of the Company. Actual results may differ materially
from those expressed or implied by such forward-looking statements. Factors
that could cause actual results to differ materially include, but are not
limited to, changes in the Company's business; competitive factors in the
market(s) in which the Company operates; risks associated with operations
outside the United States; and other factors listed from time to time in
the Company's filings with the Securities and Exchange Commission. The
Company expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in the Company's expectations with
respect thereto or any change in events, conditions or circumstances on
which any statement is based.
Contact:
Jenifer Osterwalder
contact(at)spectralcapital.com
206-262-7820
End of Corporate News
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203813 14.03.2013
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Datum: 14.03.2013 - 07:00 Uhr
Sprache: Deutsch
News-ID 239227
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