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22/04/2013
RepKnight Invests In New Export Markets
Drumbo-based technology company RepKnight is investing almost £1 million to research, develop and market highly advanced technology in new export markets with support from Invest Northern Ireland.
RepKnight is a specialist in open source data monitoring, providing in real time both sentiment analysis, which determines if online data is positive or negative in tone, and geographical analysis, which is where the data originated. This allows government and commercial analysts to identify threats and emerging events, as well as provide an immediate global or local view of public opinion on key issues.
The latest investment of £974,072 will enable the company to refine key elements of its technology making it a much more competitive product in new target markets such as the Middle East and the US.
Invest NI has offered £338,486 of support towards research and development, which includes part funding from the European Regional Development Fund, and an additional £88,752 to assist with export marketing activities. The company has also received an Innovation Voucher worth £4000 to access expertise and research from the University of Ulster prior to embarking on its development project.
Alastair Hamilton, Chief Executive of Invest NI said: "RepKnight is a technology start up company which has seized the opportunities presented to them following on from a successful Small Business Research Initiative (SBRI) competition. They have developed their technology quickly and brought it to market in a short space of time, using a range of support from Invest NI.
"As a result, the company has gained a strong foothold in an emerging and highly valuable export market and plans to target new opportunities in key regions. Invest NI's continued support will help the company to build upon this success."
(CD/H)
RepKnight is a specialist in open source data monitoring, providing in real time both sentiment analysis, which determines if online data is positive or negative in tone, and geographical analysis, which is where the data originated. This allows government and commercial analysts to identify threats and emerging events, as well as provide an immediate global or local view of public opinion on key issues.
The latest investment of £974,072 will enable the company to refine key elements of its technology making it a much more competitive product in new target markets such as the Middle East and the US.
Invest NI has offered £338,486 of support towards research and development, which includes part funding from the European Regional Development Fund, and an additional £88,752 to assist with export marketing activities. The company has also received an Innovation Voucher worth £4000 to access expertise and research from the University of Ulster prior to embarking on its development project.
Alastair Hamilton, Chief Executive of Invest NI said: "RepKnight is a technology start up company which has seized the opportunities presented to them following on from a successful Small Business Research Initiative (SBRI) competition. They have developed their technology quickly and brought it to market in a short space of time, using a range of support from Invest NI.
"As a result, the company has gained a strong foothold in an emerging and highly valuable export market and plans to target new opportunities in key regions. Invest NI's continued support will help the company to build upon this success."
(CD/H)
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