NEW YORK, April 19, 2016 /PRNewswire/ -- Today marks the beta launch of Accern, a real-time web surveillance platform that aims to give users a head start on important stories about U.S. public companies before those stories are exposed to the mass media. Accern scours the web for low-exposed stories and uses advanced data science to determine which of those stories are impactful and from reliable sources. It then alerts users of these stories before many others become aware of them.
"The Internet contains too many irrelevant stories. Our users previously were getting left behind due to so much information coming at once, falling for fake stories – it's very difficult to tell which stories are reliable nowadays – wasting enormous amounts of time reading hundreds of low-priority stories," says Kumesh Aroomoogan, co-founder and CEO of Accern. "Accern is currently solving all of these problems for our users. We are trying to be the first to find unique stories that appear on the web, validate whether the stories are actually true and meaningful for our users, and let them know about them right away. No more getting left behind."
Using this systematic approach, Accern is able to alert its users about stories minutes, hours, or days before the mass media is aware of them. Some examples include detecting IBM's acquisition of Bluewolf 11 hours before many people became aware of the news and detecting GSI's $51 million sale of Maoming Hendga 63 minutes before GSI stock soared 60 percent.
"Monitoring and processing the entire web to find that needle-in-the-haystack story – which can provide tremendous value for our user – is a very difficult and daunting task, which is why there are rarely any competitors trying to process 20 million public news, blogs, and social media websites," says Anshul Vikram Pandey, co-founder and CTO of Accern. "It took years of manpower to build one of the world's most sophisticated big data infrastructures, which can process millions of stories each day and identify which stories are meaningful to our users."
Since Accern's alpha version launched on March 2nd, over 200 users, including hedge funds, asset managers, equity researchers, news media, and Fortune 500 companies have signed up for the platform. Sign-up rates are growing at an exponential rate of 30 percent per week and are expected to continue to grow at a similar rate, as the company will be introducing pricing tiers to support individuals who are looking to get into the action.
Accern is a real-time web surveillance platform that alerts you on actionable stories about U.S. public companies. By monitoring over 20 million public news, blog, and social media websites, it identifies low-exposed stories and uses advanced data science to determine whether the stories are reliable and impactful.
By using this systematic approach, Accern is able to provide users with quick delivery of actionable stories before they are exposed to the mass media. This helps our users make quicker and more informed decisions in either their investment or public relations strategies.
Existing users on the platform include, but are not limited to hedge funds, asset managers, equity researchers, news media, and Fortune 500 companies.
We are a fast-growing early-stage startup based in New York. Our mission is to provide low-exposed, reliable, and impactful stories that users can act on immediately. We believe in transparency. We are very open with our users in the hope that we can earn their trust and provide them with the best experience possible.
Accern is headquartered on 110 Wall Street, New York, NY 10005. For more information, please visit http://www.accern.com, email info@accern(dot)com or call 1-347-256-8460. Follow Accern on Twitter and LinkedIn.
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SOURCE Accern Corporation