Expert System has acquired the ICM and iLab divisions of iSOCO to strengthen its presence in semantic technology and enhance its market opportunities in Spain and Latin America.
Target Information
Expert System, a prominent developer of semantic software for information and big data management, has made a strategic move by acquiring the ICM (Intelligent Content Management) and iLab – Research Center Innovation – divisions of iSOCO. Headquartered in Barcelona, iSOCO specializes in software development utilizing semantic technology to effectively manage unstructured information across diverse industrial sectors, particularly banking, government, and pharmaceuticals.
Founded in 1999 as a spinoff from the Spanish Artificial Intelligence Research Institute, iSOCO has played a significant role in several major international projects. These projects leverage advanced technologies and strategic consulting to enhance relationships between businesses and their key stakeholders. The iLab division, known for its research and development capabilities, is recognized as a leading entity in international research within the realms of artificial intelligence and semantic technology.
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Industry Overview in Spain
The industry landscape for semantic technology in Spain is evolving rapidly, driven by a growing demand for innovative solutions that address the complexities of unstructured data manageme
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Expert System
invested in
ICM and iLab divisions of iSOCO
in 2014
in a Other deal