Spectral Capital Corporation, (FCCN.QB) (F3SN: SG, BE) announced today
that it has purchased a minority stake in privately held big data
analytics company, kontexto.
Kontexto, founded in 2009, is a technology company that has developed
software and services that acquire, analyze and visualize streaming real
time data for companies and institutions. Kontexto has developed two
products based on their proprietary analysis platform: publishflow(TM)
and monitr(TM) along with providing customers the option for customized
services solutions. UK Trade and Investment, the largest government and
business trade organization in the United Kingdom awarded them
'technology of exceptional potential'. Kontexo's customers include some
of the biggest names in publishing, Post Media Network, The Guardian,
Getty Images, Abu Dhabi Media, Bell Media and The Daily Mail.
'Companies today realize that in order to thrive, they must have instant
insight into data sets that are above and beyond their competitors and
presented to them in user-friendly, flexible formats, which kontexto
offers. Being able to correctly consume the data is just as important as
receiving it. Big data analysis and information management is a growing
market and reaches every industry and market in the world. Much
acquisition activity has taken place in this market, with IBM alone
spending over $16 billion for over 30 analytics-related companies since
2005. We believe in kontexto's vision and long-term growth prospects and
are currently in talks to increase our stake holdings', stated Jenifer
Osterwalder, Spectral's CEO.
Spectral purchased 8% of the issued and outstanding shares of kontexto
in a transaction with Canadian company, Sargas Capital Ltd. through a
share and warrant exchange. There are no registration rights granted in
the transaction and no commissions were paid.
For more information about kontexto, please visit: www.kontexto.com.
ABOUT SPECTRAL:
Spectral acquires and partners with early stage
technology companies that have the ability to grow into independent
public companies. We focus on identifying markets in which a start up
has the opportunity to greatly enhance or become a complete game
changer. We look for technology that is patentable. Through our
knowledge and vast network of professionals from around the world, as
well as our experience as entrepreneurs, we provide support and
encouragement for our portfolio teams and their visions. Spectral's
portfolio teams are consumed and innately passionate about the
development of their ideas.
PRESS RELEASE FORWARD LOOKING STATEMENT:
This press release
contains forward-looking statements (as defined in Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended) concerning future events and the
Company's growth and business strategy. Words such as 'expects,' 'will,'
'intends,' 'plans,' 'believes,' 'anticipates,' 'hopes,' 'estimates,' and
variations on such words and similar expressions are intended to
identify forward-looking statements. Although the Company believes that
the expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will prove
to have been correct. These statements involve known and unknown risks
and are based upon a number of assumptions and estimates that are
inherently subject to significant uncertainties and contingencies, many
of which are beyond the control of the Company. Actual results may
differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause actual results to
differ materially include, but are not limited to, changes in the
Company's business; competitive factors in the market(s) in which the
Company operates; risks associated with operations outside the United
States; and other factors listed from time to time in the Company's
filings with the Securities and Exchange Commission. The Company
expressly disclaims any obligations or undertaking to release publicly
any updates or revisions to any forward-looking statements contained
herein to reflect any change in the Company's expectations with respect
thereto or any change in events, conditions or circumstances on which
any statement is based.