Cambridge, MA - February 1, 2005 - MetaCarta®, Inc., a leading provider of geographic intelligence, announces that it was named as a Top 100 Innovator by Red Herring, the award-winning Silicon Valley media company that covers technology, innovation, entrepreneurship and business.
“We are honored to have received this award from Red Herring and be among this list of elite and innovative companies,” said Ron Matros, President and CEO at MetaCarta. “MetaCarta's technology uses natural language processing to combine geographic text search with mapping software. With geography becoming more and more important to mission critical decisions – from national security and intelligence to finding where to drill for oil -- this ‘data fusion’ provides unmatched context and intelligence about any location.”
Following a long and rigorous evaluation of more than 1,200 entries from more than 900 companies, The Red Herring list of the Top 100 Innovators is the industry's definitive list of technology companies impacting the marketplace; it rewards companies that are making significant advancements in technology, strategy and innovation and demonstrate leadership.
The selections were based on a careful analysis of financial data as well as subjective criteria, including quality of management, execution of strategy, and dedication to research and development.
MetaCarta won the award for its strong presence in its current markets and having been embraced by the Federal government for intelligence analysis, national security and defense purposes and by energy companies exploring natural resources. Its geosearch software is able to connect queries with geographical context and bridges the gap between Geographic Information Systems (GIS) and unstructured document repositories to provide contextual intelligence for any geographic area.
“We watch global technology markets and trends very carefully in order to understand the needs and priorities of IT buyers. We have identified specialized search as one of the most exciting growth categories,” said Kevin Jacques, partner at Sevin Rosen Funds. “We believe MetaCarta will continue to lead this space with its unique and innovative map-driven business intelligence technology.”
About Red Herring
Red Herring covers technology innovation, venture financing, and the deals that make a difference. Its award-winning journalists go deeper, providing a comprehensive, critical analysis of what's new and why it matters. Red Herring covers the business trends with insight that counts, serving today's entrepreneurs and the technology of tomorrow. Visit www.redherring.com for articles, newsletters, and research reports that matter.
About MetaCarta
MetaCarta, a leading provider of geographic intelligence, offers comprehensive analysis tools to enable better business decisions. Founded by a team of MIT researchers in 2001, MetaCarta provides groundbreaking technology that bridges the gap between Geographic Information Systems (GIS) and text search. The company presents innovative solutions that improve decision-making by making it possible for customers to place documents on a map. The company is privately held, with offices in Cambridge, MA, Vienna, VA, and Houston, TX. To learn more about MetaCarta, please visit www.metacarta.com.
MetaCarta is a trademark of MetaCarta, Incorporated. All other product or corporate references may be trademarks or registered trademarks of their respective companies.