Digimind and Daedalus launch an ambitious European research project of almost € 2 million

Digimind is labeled Eurostars and launches an ambitious European project in partnership with Daedalus, a Spanish company specialized in text mining. Objective: To develop a new generation of web mining technology.Explanations.

Online PR News – 02-December-2010 – – EUREKA’s Eurostars, a Programme synonymous with quality and innovation

After a rigorous selection, Digimind and Daedalus have been awarded Eurostars with their project that arrived 65th out of 2000 European projects. Winning this label demonstrates the innovative capacity of both partners, their vision, and the quality of their technology.
Founded by EUREKA and the European Commission, the Eurostars Programme is designed to support ambitious R & D projects of EU SMEs in high technology sectors. It promotes innovative international projects that answer market needs. This initiative stimulates cooperation between European companies.

An innovative project

Internet has become an essential source of information for strategy and marketing departments of organizations. Facing huge volumes of data to process, professionals expect solutions to industrialize their research and analysis.
Digimind has already developed technologies that enable real-time analysis of several hundred million articles. The objective of this project is to go beyond, and change the scale to perform new types of analysis which would be impossible to achieve with the technologies currently available on the market. Nearly 2 million euros will be invested in this project.

To carry out this project, Digimind chose to join forces with its Spanish partner Daedalus, a text-mining specialist. The project will be launched in the coming weeks. Paul Vivant, CEO of Digimind, says: “We are proud to do this ambitious project along with Daedalus. The development of this new generation technology of analysis will respond to the growing challenges our customers encounter in processing large volumes of information.”

“As providers of multilingual and multimedia content analytics tools for different industries (media, information services, defence, etc.), we are proud to cooperate with Digimind to develop new automatic solutions beyond the current state of the art of market intelligence” says José C. González, CEO of DAEDALUS.

About Daedalus
Starting operations in 1998, Daedalus is a key international player for specialized content management and business intelligence solutions. Daedalus automates and integrates language and knowledge intensive processes to make organizations more efficient, setting the highest quality standards for text and speech processing. With a strong commitment to innovation, Daedalus works in partnership with international companies across industries.

About Digimind
Profitable since its inception, the 50% annual growth rate multi-awarded Digimind Company markets competitive intelligence solutions to face the challenge of exploiting the explosion of digital information. The web-based Digimind platform is the only integrated solution that automates all repetitive intelligence activities from data collection to information management, analysis and sharing.
With over 200 customers and a global presence through its sites in Paris, Grenoble, Rabat and Boston Digimind offers a solution for all business functions of the company and is an efficient tool for strategic decision.