NEW YORK, Sept. 26, 2017 /PRNewswire/ -- ayfie, Inc., a leading provider of a text analytics platform used in a variety of industries and disciplines, announces its joint venture with Alpha Modus Corp, an investment technology company. The companies will combine the global resources and expertise of both entities to optimize the use of unstructured information in the financial community.
Initially focused on developing use cases, the partnership will help financial companies and professionals to maximize efficiency and reduce risk and cost, while also adding additional revenues.
"When we saw the capabilities of ayfie's text analytics engine, it was clear how our solutions could work in tandem as the ultimate offering for financial professionals' data challenges," said William Alessi, Chief Executive Officer at Alpha Modus. "We're looking forward to this partnership and the benefits it will bring to our current and future clients."
The offering line will carry the Alpha Modus brand. The joint venture will sell its services exclusively through partner contributors in the financial services community.
"As our product has grown, we've unveiled its potential to a variety of industries—financial services being one of them. Teaming up with Alpha Modus—a company that is intimately familiar with the space and investment technology—will ensure that our solution meets the wants and needs of those in the industry," said Erik Baklid, Chief Executive Officer at ayfie, Inc.
About Alpha Modus Corp – Alpha Modus Corp (www.alphamodus.com) is a technology provider bringing infrastructure and software as a service to better serve the investment community. Alpha Modus leverages human expertise and machine intelligence to extract alpha and alpha generating utilities from unstructured data. In 2016, Alpha Modus was presented with a Beacon Award by IBM for Best New Application on IBM Cloud from an Entrepreneur. For more information, visit www.AlphaModus.com.
About ayfie, Inc. – ayfie (www.ayfie.com) provides products for eDiscovery, media, compliance and search across industries and geographies. The language processing technologies developed by ayfie are based on more than 30 years of research in linguistics, computational linguistics and computer science at a number of universities in particular the University of Munich and the University of Paris. Using these technologies, ayfie has created a unique text analytics platform, ranging from forensics over research to automated prediction based on unstructured text data. ayfie GmbH is a subsidiary of ayfie Inc. located in Munich focusing on research and development as well as service and support for the European market.
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SOURCE ayfie, Inc.