Enterprise Search Firm Semantra Secures $3.8 Million in Equity Funding

Trends
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times
Semantra, a pioneer in enterprise search, has announced it secured $3.8 million in equity funding from current investor CPMG, Inc. The investment will be used for product development and building out Semantra's go-to-market partnerships. CPMG, Inc. invested $2.3 million in September 2006, bringing its total investment in Semantra to more than $6 million.

Semantra's software solution allows users worldwide to retrieve data from their corporate databases by entering inquiries in a familiar search box, using common, everyday language. The solution bridges the worlds of business intelligence and enterprise search. It is the first software product that enables non-technical users to conduct ad hoc searches of corporate databases using the language of their business.

"Semantra improves business performance by allowing users to find critical business information for fact-based decision making," stated Chris Davis, Semantra's CEO. "Employees should ask themselves how they make business decisions today. Are their decisions based on intuition, partial information, or speculation? We are giving users the opportunity to have a conversation with their corporate databases. We are ultimately empowering users by providing access to the specific data they need to solve problems and take advantage of market opportunities."

"We are pleased to continue our partnership with Semantra," said Kent McGaughy, principal of CPMG, Inc. "Since our initial investment in September 2006, Semantra has successfully proven the value of its solution. The company has a focused strategy and is well positioned for continued growth."

In many cases, the Semantra search solution is not deployed as a stand-alone application but rather is embedded into enterprise applications. "Our solution immediately improves the value of companies' critical business applications including CRM, BI, and ERP," added Cody Aufricht, Semantra's marketing vice president. "Companies make enormous investments in their enterprise applications, but, too often, complexity and inflexibility prevent users from realizing the full benefit of these solutions. We change that by giving users access to the precise information they need, when they need it," concluded Aufricht.

About Semantra

Semantra describes itself as a pioneer in search technology and information access to enable enterprises to quickly and easily retrieve precise, critical information from complex corporate databases through inquiries in the language of a user's business. With an understanding of linguistics, conceptual modeling, and relational theory, Semantra built its software to empower business users with real-time, fact-based decision making capability unavailable through traditional BI or enterprise search solutions. Semantra significantly improves the value of any enterprise business application. Semantra's headquarters are located in Dallas, Texas. Semantra is a platinum sponsor of the upcoming Enterprise Search Summit West, November 6-7, 2007, in San Jose, California, Search Summit. Visit Semantra for more information.

BLOG COMMENTS POWERED BY DISQUS

LATEST COMMENTS

Support MC Press Online

$

Book Reviews

Resource Center

  •  

  • LANSA Business users want new applications now. Market and regulatory pressures require faster application updates and delivery into production. Your IBM i developers may be approaching retirement, and you see no sure way to fill their positions with experienced developers. In addition, you may be caught between maintaining your existing applications and the uncertainty of moving to something new.

  • The MC Resource Centers bring you the widest selection of white papers, trial software, and on-demand webcasts for you to choose from. >> Review the list of White Papers, Trial Software or On-Demand Webcast at the MC Press Resource Center. >> Add the items to yru Cart and complet he checkout process and submit

  • SB Profound WC 5536Join us for this hour-long webcast that will explore:

  • Fortra IT managers hoping to find new IBM i talent are discovering that the pool of experienced RPG programmers and operators or administrators with intimate knowledge of the operating system and the applications that run on it is small. This begs the question: How will you manage the platform that supports such a big part of your business? This guide offers strategies and software suggestions to help you plan IT staffing and resources and smooth the transition after your AS/400 talent retires. Read on to learn: