Reuters Extends Investments in Tech Firms
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London-based news and information company Reuters made four further investments in new technology companies: Aurigin Systems Inc, Northern Light Technology LLC, Persistence Software Inc. and Entegrity Inc.
The investments (financial specifics were not disclosed) are part of Reuters "greenhouse" program, which invests in new technology and content companies and identifies new market opportunities for Reuters. All four companies are based in the United States and Reuters will have board representation on each of them.
Aurigin Systems provides software to navigate and manage complex intellectual property databases. Its markets are principally in the high technology, chemical, heavy manufacturing and pharmaceutical sectors.
Cambridge, MA-based Northern Light provides a next generation search capability, a "research engine" for vertical market portals, offering a more effective Internet search capability for professional and business users. Northern Light's products include a pay per view feature for high value content, supporting a business model that does not rely totally on advertising.
Entegrity is a provider of enterprise software to enable secure applications such as corporate e-mail, and secure extranets. Reuters said it plans to develop information products that will incorporate this technology.
Reuters supplies the global financial markets and the news media with real-time financial data, collective investment data, numerical, textual, historical and graphical databases plus news, graphics, news video, and news pictures. It uses Internet technologies extensively to distribute information and news.