SEATTLE--()--Spectral Capital Corporation, (FCCN.QB) (F3SN: SG, BE) announced today that it has purchased a minority stake in privately held big data analytics company, kontexto.
Kontexto, founded in 2009, is a technology company that has developed software and services that acquire, analyze and visualize streaming real time data for companies and institutions. Kontexto has developed two products based on their proprietary analysis platform: publishflow(TM) and monitr(TM) along with providing customers the option for customized services solutions. UK Trade and Investment, the largest government and business trade organization in the United Kingdom awarded them 'technology of exceptional potential'. Kontexo's customers include some of the biggest names in publishing, Post Media Network, The Guardian, Getty Images, Abu Dhabi Media, Bell Media and The Daily Mail.
'Companies today realize that in order to thrive, they must have instant insight into data sets that are above and beyond their competitors and presented to them in user-friendly, flexible formats, which kontexto offers. Being able to correctly consume the data is just as important as receiving it. Big data analysis and information management is a growing market and reaches every industry and market in the world. Much acquisition activity has taken place in this market, with IBM alone spending over $16 billion for over 30 analytics-related companies since 2005. We believe in kontexto's vision and long-term growth prospects and are currently in talks to increase our stake holdings', stated Jenifer Osterwalder, Spectral's CEO.
Spectral purchased 8% of the issued and outstanding shares of kontexto in a transaction with Canadian company, Sargas Capital Ltd. through a share and warrant exchange. There are no registration rights granted in the transaction and no commissions were paid.
For more information about kontexto, please visit: www.kontexto.com.
Spectral acquires and partners with early stage technology companies that have the ability to grow into independent public companies. We focus on identifying markets in which a start up has the opportunity to greatly enhance or become a complete game changer. We look for technology that is patentable. Through our knowledge and vast network of professionals from around the world, as well as our experience as entrepreneurs, we provide support and encouragement for our portfolio teams and their visions. Spectral's portfolio teams are consumed and innately passionate about the development of their ideas.
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