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Tag: Babel Street

Babel Street acquires Ohio data insights firm

Reston-based data analytics and threat intelligence tech company Babel Street has acquired Vertical Knowledge, a data products, insights and intelligence company based in Chagrin Falls, Ohio.

The acquisition — which has already closed — expands Babel Street’s data sourcing, enrichment and analysis capabilities, according to a news release from the two companies. Babel Street has 228 employees and Vertical Knowledge has 128 employees.

Financial terms of the transaction were not disclosed.

“We are thrilled to welcome Vertical Knowledge and its talented team and robust products to Babel Street,” Babel Street CEO Michael Southworth said in a statement. “Together, we can offer our customers and partners unprecedented access to comprehensive, multilingual data assets enhanced by industry-leading natural language processing. This powerful combination of data and technology closes the Risk-Confidence Gap, empowering our customers to operate with greater efficiency, foresight and security.”

Babel Street acquired text analytics platform Rosette about a year ago.

“Joining forces with Babel Street supercharges our ability to equip customers with the intelligence needed to successfully tackle their most difficult problems,” Vertical Knowledge CEO Brian O’Keefe said in a statement. “Babel Street is the gold standard in identity resolution, risk identification and mitigation capabilities that perfectly complements Vertical Knowledge’s strengths in data collection and contextualization. We could not be more excited to fuse our talents and technologies to accelerate innovation in this space.”

 

Babel Street acquires text analysis platform

Reston-based web and social media monitoring company Babel Street Inc. has completed its previously announced acquisition of text analytics platform Rosette.

Financial terms of the transaction were not disclosed.

Babel Street first announced the acquisition in November 2022. The company completed its purchase of the platform from Massachusetts-based BasisTech LLC at the end of December 2022, according to a news release published last week.

“Babel Street’s aggressive growth and expansion this year provided further evidence of the critical value of publicly available information when incorporated into our AI-enabled offerings,” Babel Street CEO Michael Southworth said in a statement. “Together, I look forward to expanding partnerships and markets to grow Babel Street’s platform to help government and commercial institutions mitigate risk.”

In 2022, Rosette gained the U.K. Home Office’s Borders, Immigration and Citizenship System as a customer. In partnership with a national Ministry of Defense, Rosette developed and released natural language processing capabilities for several major Southeast Asian and Pacific languages, including Malay, Indonesian and Tagalog, in 2022.

Rosette also improved its criminal justice system applications, using AI techniques to more accurately match names with criminal justice data.

Babel Street also grew last year, expanding its partner network by more than 25%, according to a news release. The company introduces three Insight APIs in August 2022 that allow customers to incorporate standardized, publicly available data onto any chosen platform.

Founded in 2009, Babel Street has offices in Reston and Boston, as well as in Tokyo; Tel Aviv, Israel; London; Canberra, Australia; and Ottawa, Canada.

Reston-based Babel Street names new CEO, CFO

Reston-based Babel Street Inc., a web and social media monitoring company, has named a new CEO and chief financial officer, according to a news release.

Michael Southworth succeeds Babel Street founder and CEO Jeff Chapman, who has been named vice chairman of the company’s board of directors. Brian Daum has joined the company as CFO.

“I am proud to have served as CEO over the last decade, leading a dedicated team that has turned a mere idea into an industry-leading software company,” Chapman said in a statement. “We have supported the missions of [hundreds] of organizations in the U.S. and internationally, helping them make the world safer and more prosperous. I am confident in this next generation of leadership at Babel Street and want to extend a warm welcome to Michael and Brian.”

Southworth has more than 20 years experience building and growing software and analytics companies focused on digital transformation. He previously served as president of Transflo, a provider of mobile business intelligence and payments solutions for the transportation industry, according to his LinkedIn account. He has also led Verint Systems’ AI and automation business and held executive roles with Contact Solutions, Corning Incorporated and MobileAccess Networks.

Brian Daum

Daum most recently served as a senior adviser, CFO and COO at BlackSky, a leading geospatial intelligence software as a service business, where he led the company through its NYSE initial public offering. 

Founded in 2009, Babel Street also has offices in London; Canberra, Australia; and Ottawa.