Newsroom

Sirma Group Accounts Successful Q3 2018 with New Clients and Projects in the USA

Post

12 Nov 2018

Subject

Sirma Group

Sirma Group announces a very successful Q3 2018 in its operations and business development activities. The company wins new major clients and projects in this strategic market.

Successful projects have been implemented in several of our key verticals of specialization. The biggest share of projects and contracts, related to various software solutions and services, is generated from the financial sector, with leading revenue in the company’s portfolio of products and services. Two of the subsidiaries - Sirma Solutions and Sirma Business Consulting - have won a large contract at Mascoma Bank.

The leader in semantic technology, Ontotext, continued a project, based on its proprietary products and technologies, serving Standard & Poor’s division, providing financial research and analysis on stocks, bonds, and commodities.

Ontotext has also completed two successful prototypes for two of America’s leading (Top 5) banks. One project is related to KYC (Know Your Customer) analyses, and the other is an application of Artificial Intelligence in cybersecurity. Accordingly, Sirma Solutions has signed contracts with two more clients for its consulting business.

A very high estimation of the quality and added value of GraphDB database, was given by selecting this flagship product of Ontotext, as the core platform of the Aleth.io, the web portal that merges and links information about Ethereum.

Sirma’s technologies in the field of artificial intelligence have also been applied to PetsBest (insurance provider of pets), Kount (specialized in Fraud Detection), Resonant (electronic design), as well as used by one of the largest US companies in the field of defense technologies.

EngView Systems, the company of Sirma Group, specialized in software development for industrial products and solutions, continues its long-standing partnership with QVI, the largest US video-measuring company. This year, the two companies have successfully announced a new joint product TurnCheck, a video-measuring tool for shafts. Recently, EngView Systems launched to the US market its newest cloud based solution, specially designed for industrial measurements, called mcaliper. The company anticipates a very good market acceptance for the product, whose technology patent is pending.