Plans to integrate the Brainboost answer extraction engine into its own product line.
Answers Corporation, creators of Answers.com, the answer-based search engine, recently announced the acquisition of Brainboost Technology, LLC for $4 million in cash and 439,000 shares of restricted stock, including certain price protection rights.
The company plans to integrate the Brainboost answer extraction engine into its own product line. Mr. Assaf Rozenblatt, developer of the proprietary technology, has joined the Answers.com team as Director of Natural Language Research.
"By combining Brainboost's answer extraction engine with our own technologies and our collection of over a million and a half topics from authoritative sources, we believe we'll become the best place on the web for a far broader class of English-language questions. This strategic acquisition will dramatically accelerate our time to market on this critical next step in realizing Answers.com's mission," explained Bob Rosenschein, CEO of Answers Corporation.
Assaf Rozenblatt, Brainboost's Founder and CTO, added, "Artificial intelligence is the key to the next generation of search and critical to creating the more intuitive user experience that people expect. The advances we have made in natural language query processing can be harnessed to transform, at last, the way people find information on the Web. There could be no better home for this innovative technology than a product called Answers.com."