IBM Acquires AlchemyAPI

alchemyapiIBM (NYSE: IBM) acquired AlchemyAPI, a Denver, CO-based provider of scalable cognitive computing application program interface (API) services and deep learning technology.

The financial terms of the deal were not disclosed.

The acquisition will:
– accelerate IBM’s development of next generation cognitive computing applications,
– expand the Watson ecosystem, adding 40,000 developers working on the AlchemyAPI platform to its developer community, and
– extend the number and types of scalable cognitive computing APIs available to IBM clients, developers, partners and other members of the Watson ecosystem.

Founded in 2005 by Elliot Turner, CEO, AlchemyAPI operates a deep learning platform that enables clients, partners, developers and other third-parties to build cognitive-infused applications with advanced data analysis capabilities such as taxonomy categorization, entity and keyword extraction, sentiment analysis and web page cleaning.
The company’s software processes billions of API calls per month across 36 countries and in eight different languages: English, French, German, Italian, Portuguese, Russian, Spanish, and Swedish.

FinSMEs

06/03/2015

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