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Linguamatics Says 2009 Revenues Topped $5M

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Linguamatics, a text-mining firm based in Cambridge, UK, said this week that its 2009 revenue exceeded $5 million, which represented 50 percent year-over-year growth.

The privately held firm attributed the increase in revenues to improved sales of software licenses and "associated professional services."

Linguamatics' growth reflects its ability to "respond effectively to expanding demand for text mining" using its I2E software platform, John Brimacombe, executive chairman of Linguamatics, said in a statement.

"We see potential for significant growth to continue in 2010 and beyond," he added.

In February the firm announced it had opened a new regional headquarters in Newton, Mass., to better serve its customers on the East Coast of the US (BioInform, 2/26/2010).

At the time, the company said that it had added several new, undisclosed, pharmaceutical customers during 2009 and expanded deployment of I2E within existing customer sites.

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