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Lexalytics Announces New Version of Its Salience Text Analytics EngineNew Version Delivers Greater Configurability, Improved Handling of Short Content and Innovative Concept Matrix for Enhanced Foreign Language Support (June 04, 2012)
BOSTON, MA -- (Marketwire) -- 06/04/12 -- Lexalytics, a leading provider of text and sentiment analysis software, announced a new release of its Salience text analytics engine today at the company's annual Users Group conference.
This Salience 5.1 release includes several feature enhancements, including improved management of short content, resulting in improved sentiment accuracy for social media updates. The latest version offers both improved sentiment accuracy "out of the box" (for both short and long content), as well as several new tools for configuring sentiment analysis to match business needs.
Lexalytics has also changed the way it supports its foreign language offerings overall by adding the Concept Matrix to non-English languages. The Concept Matrix uses the entire human-generated encyclopedia, Wikipedia® (a registered trademark of the Wikimedia Foundation), and enables Salience to understand the complex relationships between words and meaning. Until now this functionality was only available in English.
In addition, the company has added German language support. Salience already supports sentiment and text analysis for English, American English, French, Spanish and Portuguese. Lexalytics has the only commercially-available phrase-based sentiment engine, which allows for a much greater ease and range of tunability as compared to other solutions.
"The latest upgrades represent the true challenges of data analytics across social platforms. We've taken the problems of sentiment, tone and concept and made it possible to tap into the knowledge and the true meaning behind the words. Not only in English but for several different languages," said Jeff Catlin, CEO, Lexalytics.
Salience is currently integrated into systems for business intelligence, (social) media monitoring, reputation management, automated trading, survey analysis, customer satisfaction, and more.
"Sentiment analysis is highly tunable. You could have a thousand different configurations for tuned sentiment covering lots of different verticals and customers. Or you can just let it run without any tuning -- many of our customers do just that," added Catlin.
Salience 5.1 will be available in late summer 2012, and will enter a limited Beta in the early summer. Lexalytics will be demoing the product at the Lexalytics User Conference, starting June 3.
About Lexalytics, Inc.
Founded in 2002, Lexalytics was first to market with a sentiment analysis engine. Its text analytics software, Salience, is engineered for easy integration into third-party applications, and is a critical component in many high-volume content processing services for industries such as social media monitoring, survey analysis, reputation management, online media and more. www.lexalytics.com
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