Sinequa Achieves Record Growth in 2018 for AI-Powered Search and Analytics

NEW YORK, Feb. 13, 2019 (GLOBE NEWSWIRE) -- Sinequa, a leader in AI-powered search and analytics, today announced that the company achieved a record fiscal year ending on Dec. 31, 2018. During this period, Sinequa recorded 91 percent growth in new subscriptions worldwide, increased headcount by 20 percent, closed multimillion-dollar contracts with several leading organizations and significantly expanded its worldwide partner network.

“The year 2018 was simply outstanding as both North America and EMEA regions over-performed resulting in a record-breaking fiscal year. As the market demand and maturity level for Insight Engine platforms continue to rise quickly, Sinequa closed an unprecedented number of deals with prestigious brands in our key verticals including life sciences, financial services and manufacturing,” said Fabrice de Salaberry, COO at Sinequa.  “An exciting trend in 2018, that will undoubtedly accelerate in 2019, was the surge in machine learning projects based on our AI-powered platform, which contributed significant business value to our customers, especially in the heavily regulated financial services industry.” 

2018 Achievement Highlights

During the latest fiscal year, Sinequa achieved significant milestones:

Major new customer wins including multimillion-dollar subscriptions

• Signed a record number of new high-touch customers in multiple industry verticals in North America and EMEA such as Covea, European Union, Franklin Templeton, Navy Federal Credit Union, LCL, Pfizer, Takeda Pharmaceuticals, U.S. Bank and more. 
• Won a major aerospace & defense contract with Northrop Grumman, a leading global security company.
• Signed a strategic contract with Volkswagen alongside German-based partner Join to provide the leading car manufacturer better insights in its procurement department.

Partner ecosystem growth

Product innovation

• Sinequa invested significantly during 2018 to evolve how its platform presents insights to end users, involving a complete overhaul of the user interface framework to a responsive design based on Angular 7.
• The platform evolved to embed online machine learning, enabling the application of machine learning models based on Spark or TensorFlow directly in the indexing pipeline.
• New capabilities were added to the platform for further automating the interpretation of meaning, including major enhancements to query intent and linguistic capabilities.
• A range of new smart connectors and convertors were introduced to support the goal of ubiquitous connectivity across the enterprise, bringing the entire portfolio to more than 200 ready-to-use connectors.
• Support of additional levels of encryption were added, such as in-flight encryption between all components in a distributed deployment and encryption at indexing time to secure the document cache.       

Industry analyst and award recognition
     

¹ Gartner, Inc., Magic Quadrant for Insight Engines, Whit Andrews, Stephen Emmott, Svetlana Sicular,13 July 2018.
Gartner, Inc., Magic Quadrant for Insight Engines, Whit Andrews, Guido De Simoni, Jim Murphy, Stephen Emmott, 30 March 2017.

About Sinequa
Sinequa is an independent software vendor providing an AI-powered search and analytics platform for Global 2000 companies and government agencies that connects people with the information, expertise and insights necessary for organizations to become information-driven. For Sinequa customers, this means actionable information presented in context to surface insights, inform decisions, and elevate productivity. The platform has been forged by experience in projects for large organizations in complex environments with large and diverse sets of data and content. Sinequa’s unified platform is fully integrated and configurable to support current and future needs around becoming information-driven. For more information, visit http://www.sinequa.com.

Media Contact
Kylle O’Sullivan
Touchdown for Sinequa
Tel: +1 512 826 0754
kosullivan@touchdownpr.com