29th Jul 2014 11:35
LONDON (Alliance News) - Investment company Tern PLC said Tuesday that it has invested GBP50,000 in Seal Software Ltd for a less than 0.5% interest in its equity.
Seal produces writing software which analyses contractual data, and is specifically designed to locate and extra key information related to language, clauses, and clause combinations.
Seal's software interfaces with Salesforce.com's customer relationship management products. It also provides a portfolio of consulting and implementation services.
It has clients including International Business Machines Corp, Centrica PLC and Deutsche Bank AG, Tern said.
"We believe this technology can be deployed in new markets and significantly improve the analysis of big data sets," said Tern Director Al Sisto in a statement.
Shares in Tern are untraded Tuesday; it last closed at 1.51 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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