SAS enhances enterprise offerings with Teragram acquisition
Teagram's natural language processing technology will expand business intelligence capabilities
Business intelligence software provider SAS has acquired natural language processing (NLP) specialist Teragram. The acquisition is expected to enhance SAS's existing analysis offerings and allow the firm to make inroads in the enterprise market.
"The addition of Teragram's domain expertise and NLP technology will change the landscape of the BI and analytics markets. Teragram's technologies augment, strengthen and extend SAS' ability to combine structured and unstructured data - not only in our text mining solution but embedded across the entire SAS Enterprise Intelligence Platform - to drive better answers faster," said Jim Goodnight, CEO of SAS.
Cambrige, Massachusetts-based Teragram will be run as an SAS company and brings its global line-up of customers including CNN, Forbes.com, NYTimes Digital, Sony, WashingtonPost.com, Wolters Kluwer, Yahoo! and the World Bank.
"As the data explosion continues, companies need an intelligent way to make sense of it all, whether data is in structured databases or in the huge variety of unstructured sources. Teragram and its technology fit perfectly into SAS' analytics and text mining efforts, as SAS continues to innovate in this rapidly growing market. We're pleased to join a company that delivers the software businesses need to blend structured and unstructured data and reach better, timelier and more accurate decisions," said Yves Schabes, president of Teragram.