LINGUASYS, INC. GRADUATES FROM THE TECHNOLOGY BUSINESS INCUBATOR AT

THE RESEARCH PARK AT FLORIDA ATLANTIC UNIVERSITY

Boca Raton, FL– The Research Park at Florida Atlantic University and Enterprise Development Corporation (EDC) announce that LinguaSys, Inc. has graduated from the Technology Business Incubator™ (TBI). The company’s genesis was at the TBI, which fosters entrepreneurship and offers a unique brand of assistance to startup technology companies. Under one roof, resident TBI companies find resources for mentors, investors, community collaborators, and business services, coordinated by EDC, all in close proximity to FAU research and faculty.

LinguaSys is an international provider of human language technologies, producing highly customized text analytics, translation and natural language user interface software. LinguaSys serves some of the world’s largest mutual fund and technology companies, commercial banks, hoteliers, digital forensics suppliers, governments and the military, providing secure, flexible and fast enterprise and mobile translation, analytics and natural language processing solutions.  Along with its revolutionary software for developing new languages and creating natural language understanding applications, LinguaSys is the first natural language processing company to offer a true interlingua-based system.

LinguaSys’ unique translation technology attracted the attention and venture capital funding from Mark Cuban, owner of the Dallas Mavericks and regular on the Shark Tank television series.

“The TBI is an exceptional facility, and we are proud to have launched our business there,” said Brian Garr, CEO of LinguaSys. “It provided us with a stimulating work environment and a variety of resources which helped us to be successful.”

Garr was previously CTO of Globalink, a Machine Technology (MT) company, from 1995-1998 when Globalink was sold to L&H. He started the MT business segment for IBM’s Software Group and managed IBM’s Speech Recognition Group. Garr has been an advocate and frequent global speaker on MT and Speech Reco. In 1998 he was honored with the Smithsonian Institute’s “Heroes in Technology” award for his work in Machine Translation.

“LinguaSys is an excellent example of how the Technology Business Incubator can nurture a startup, allowing a new venture to hone and perfect technology, and ultimately launch into a successful international enterprise,” said Andrew Duffell, President & CEO of the Research Park. “Brian and his talented team are an inspiration for current and future residents of the TBI. We congratulate them on successfully graduating and look forward to celebrating their continued success.”

The TBI is a location and knowledge resource center for entrepreneurs emerging fromFloridaAtlanticUniversity– students, recent graduates and faculty – as well as regional entrepreneurs. It is currently home to 35 early stage high-tech companies as well as the New World Angels and the Institute for Commercialization of Public Research. Resident companies collaborate and find the resources they require to make their business a success. The co-working environment incorporates independent entrepreneurs, programmers and service providers for the startups to bond with and draw talent from, adding to the entrepreneurial culture.

About the Research Park at Florida Atlantic University

Established in 1985, the 94-acre ResearchPark(www.research-park.org) is home to 24 technology companies working in conjunction with the FAU College of Engineering and Computer Science, the FAU Charles E. Schmidt College of Medicine and the FAU College of Business.  The Research Park also hosts the Technology Business Incubator with 35 startup technology companies, each of which receives business and consulting services with the goal of becoming established businesses and permanent residents in the Research Park. www.Facebook.com/ResearchParkFAU @ResearchParkFAU

HDG Mansur (hdgmansur.com) is the development partner for the Research Park, with leasing provided by Avison Young (avisonyoung.com)

About LinguaSys, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                       LinguaSys solves human language challenges in Big Data and social media for blue-chip clients around the world. Its natural language processing software provides real-time multilingual text mining, Machine Translation and fast, cost-effective natural language interfaces (NLUI).  The solutions are powered by LinguaSys’ Carabao Linguistic Virtual Machine™, a proprietary interlingual technology, to deliver faster and more accurate results. Designed to be easily customized by clients, the solutions can be used via SaaS or behind the firewall. Headquartered in Boca Raton, FL, LinguaSys is an IBM Business Partner. www.linguasys.com @LinguaSys33431

 

About Enterprise Development Corporation

Enterprise Development Corp. of South Florida (EDC) is a nonprofit organization that assists start-up technology companies in Palm Beach, Broward and Miami-DadeCounties. EDC provides entrepreneurial support services to high growth potential companies through ; Business Incubation; production of two major conferences and management of New World Angels, Florida’s premiere angel investment group.

The success and sustainability of  EDC is due to the generous support of our board sponsors For more information, please visit www.edc-tech.org.

TBI space is rented on a first-come, first-served basis after thorough review of the TBI online application. For more information, please contact Christine Burres, ccannon@edc-tech.org.

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