Lexalytics

It began working with Lexalytics, which had spent several years developing software to read and understand unstructured text.

Forbes.com: News Tom Groenfeldt 2011

The users reported that it created an alpha-generating signal, so Thomson Reuters brought the product to market as a white-labeled solution and worked with Lexalytics to train the system for financial services language.

Forbes.com: News Tom Groenfeldt 2011

Over the last three years, Thomson Reuters has seen substantial growth in the product line and as an apparent testament to its commitment to this capability, bought the intellectual property from Lexalytics and hired the development team to "exploit the opportunities in this space even more aggressively," according to Brown.

Forbes.com: News Tom Groenfeldt 2011

Lexalytics, Inc, a firm that analyzes oceans of collected data from multiple sources for major companies around the globe.

Forbes.com: News David DiSalvo 2011

Thomson Reuters gave sample data from Lexalytics to several clients to see if the results were useful was interesting.

Forbes.com: News Tom Groenfeldt 2011

While people can rate 6 to 10 articles per hour, Thomson Reuters and Lexalytics developed a way to automate the process and analyze 6 to 10 articles per second, making the activity much more useful for financial services.

Forbes.com: News Tom Groenfeldt 2011

"This is where the news breaks," said Jeff Catlin, the chief executive of Lexalytics.

NYT > Home Page By GRAHAM BOWLEY 2010

"This is where the news breaks," said Jeff Catlin, the chief executive of Lexalytics.

NYT > Home Page By GRAHAM BOWLEY 2010

"This is where the news breaks," said Jeff Catlin, the chief executive of Lexalytics.

NYT > Home Page By GRAHAM BOWLEY 2010

Lexalytics, a text analysis company in Amherst, Mass., that works with Thomson Reuters, says it has developed algorithms that make sense out of Twitter messages.

NYT > Home Page By GRAHAM BOWLEY 2010