Press Release - September 15, 2004
Vantage Software Technologies Announces Acquisition of AnswerWorks™ Product Suite
Purchase extends company's software offerings and client baseNewtown, PA, September 15, 2004 - Vantage Software Technologies (www.vantage-software-tech.com), the leading international provider of linguistic-based technology and natural language search solutions, today announced the formal acquisition of the AnswerWorks™ product suite from WexTech Systems, Inc. The acquisition is a natural extension of Vantage Software Technologies' current product suite as the AnswerWorks application shares the same technical foundation as the company's other offerings.
AnswerWorks utilizes Vantage's natural language search technology in an application developed by WexTech, a licensee of Vantage software technology since 1996. AnswerWorks is a cross-lingual question and answering engine with an easy-to-use natural language interface that companies can add to "Help" systems and web-based knowledge repositories. AnswerWorks allows users to get answers to questions phrased in everyday language. The product works in conjunction with Vantage Software Technologies' Analytics™ application, a reporting tool for businesses that tracks users' entries in search processes and notes weaknesses in the feedback, allowing companies to modify content for future searches.
With the acquisition of AnswerWorks, Vantage expanded its client base with industry-leading customers such as Intuit, Autodesk, Best Software, and Progress Software Corporation.
"The purchase of the AnswerWorks product suite is a natural extension of our core capabilities and strategic plans for market penetration," notes Brian Geiss, Vice President and General Manager of Vantage Software Technologies. "Naturally, we're thrilled to have WexTech's marquee customers as our clients and will extend to them the same high standard of customer service they enjoyed with WexTech."
According to Steve Wexler, President and Founder of WexTech, "We have enjoyed a long and steady partnership with Vantage Software Technologies, and this acquisition brings the strengths of our two companies together to make Vantage's product offerings more powerful and customer-centric. It's only fitting that AnswerWorks joins its sister products under the Vantage Software Technologies umbrella."
About Vantage Software Technologies
Vantage Software Technologies (www.vantage-software-tech.com) provides linguistic-based technologies for spell checking, grammar checking, language recognition, information access and retrieval, and enterprise solutions which enable customers to improve both internal and external productivity, efficiency, and organizational performance. Vantage Software Technologies provides services to industry leaders such as Microsoft, AOL, Corel, Intuit, and Autodesk.