New York, NY (PRWEB) November 27, 2004
Geometric Group LLC. and PubSub Concepts Inc. today announced the creation of Monitor110 Inc.. The new company taps powerful prospective search / ÂmatchingÂ technology to offer institutional investors better and faster access to the data needed to make investment decisions.
Monitor110 will leverage PubSubÂs proprietary Âmatching engineÂ, which is able to read millions of data sources, perform rapid complex analysis, and instantly notify users when relevant data is discovered. Monitor110 also plans to offer a variety of complementary technologies related to data visualization, web data collection and real-time linguistic contextual text analysis.
ÂWe live in an increasingly competitive investment environment, where the universe of available data and technology is changing every dayÂ said Jeff Stewart, Geometric Group chairman. ÂMonitor110 was founded to bring innovative real-time data and technologies to institutional investors, especially hedge fundsÂ.
The two companies worked together under the radar for 12 months before officially announcing the jointly owned company. ÂIn the past, the ability to monitor massive quantities of unstructured data in real-time was reserved for the worldÂs top national intelligence agenciesÂ said Stewart. ÂWe are impressed with how the PubSub technology makes this power accessible to a much wider audience.Â
The system currently analyzes over 6.5 million internet-based data sources including news feeds, weblogs, SEC filings, web sites and Usenet groups. ÂThe core PubSub engine is capable of analyzing over a trillion data-query combinations a dayÂ commented PubSub CTO and co-founder Bob Wyman. ÂThe Geometric Group has extended and customized the technology to meet the needs of institutional investors. We are pleased to work with them in the creation of Monitor110.Â
Monitor110 has completed the alpha version of the service and plans to offer a beta version to select hedge funds beginning in January 2005. More information is available at http://www.monitor110.com.
About PubSub Concepts, Inc.:
PubSub Concepts, Inc. is a New York-based company founded in 2002. The company develops Internet-scale Publish/Subscribe systems and plans a series of product releases to extend the search capabilities of its unique technology. Visit http://www.pubsub.com for more information.
About Geometric Group LLC.:
The Geometric Group creates, invests in, and operates technology-enabled businesses that serve targeted, corporate markets. Headquartered in New York City, the firm's activities center around transforming innovative ideas into successful businesses. Visit http://www.geometricgroup.com for more information.
About Monitor110 Inc.:
Monitor110 mission is to offer innovative data and technology to intuitional investors to support better investment decisions. The company is headquartered in New York City and can be found on the web at http://www.monitor110.com.
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