NetCurrents picks strategic partner

BEVERLY HILLS, CA, and VANCOUVER, BRITISH COLUMBIA: Web-monitoring service NetCurrents has announced plans to acquire technology company MindfulEye in a stock swap. The move would give NetCurrents ownership of MindfulEye's Lexant, an artificial intelligence technology designed to add depth to Web searches. It should also give NetCurrents a leg up in its competition against services such as CyberAlert and PR Newswire's eWatch in the increasingly hot market for online intelligence gathering.

BEVERLY HILLS, CA, and VANCOUVER, BRITISH COLUMBIA: Web-monitoring service NetCurrents has announced plans to acquire technology company MindfulEye in a stock swap. The move would give NetCurrents ownership of MindfulEye's Lexant, an artificial intelligence technology designed to add depth to Web searches. It should also give NetCurrents a leg up in its competition against services such as CyberAlert and PR Newswire's eWatch in the increasingly hot market for online intelligence gathering.

BEVERLY HILLS, CA, and VANCOUVER, BRITISH COLUMBIA: Web-monitoring service NetCurrents has announced plans to acquire technology company MindfulEye in a stock swap. The move would give NetCurrents ownership of MindfulEye's Lexant, an artificial intelligence technology designed to add depth to Web searches. It should also give NetCurrents a leg up in its competition against services such as CyberAlert and PR Newswire's eWatch in the increasingly hot market for online intelligence gathering.

NetCurrents' PressClipper software, which scans 2,600 sources daily and costs clients dollars 250 per month, currently lags behind its competitors, many of which search more sites at more frequent intervals for similar rates.

Ewatch, for example, covers upwards of 4,200 sites daily, along with 63,000 Usenet groups and message boards, for an annual cost of dollars 3,600, while CyberAlert scans some 3,000 sites and 60,000 Usenet groups daily for a monthly fee of dollars 395.

Lexant will allow clients to make more contextualized searches by looking for relationships between words and phrases rather than by keyword alone.

In April, NetCurrents plans to launch a service specifically tailored to PR practitioners.

MindfulEye CEO Ray Torresan said his company had been courted 'by several knowledge-based companies.'

'We think NetCurrents is the best fit for us,' said Torresan. 'Together we have a package that we think will dominate the space.



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