Thursday, May 8, 2014

PEGASYSTEMS

Pegasystems acquires Bangalore-based MeshLabs’ assets

Pegasystems acquires Bangalore-based MeshLabs’ assets 

 

Hyderabad: Software maker Pegasystems Inc. on Wednesday said it acquired the assets and human resource talent of Bangalore-based provider of text analytics and social engagement solutions, MeshLabs Software Pvt. Ltd.

Deal terms weren’t disclosed.

MeshLabs’ text mining and analytics software processes and extracts crucial data from text-based content from different social media channels. MeshLabs provides text mining and analytics services for companies such as Ogilvy & Mather, Genpact Ltd, Wipro Ltd and IMRB International, according to its website.

Pegasystems said it will integrate MeshLabs’ social listening, text analytics and natural language processing to enhance existing capabilities in its customer service, marketing, and case management solutions, according to a statement. “With MeshLabs technology, our customers will be able to extend their capabilities to further monitor social media streams, as well as other channels and data sources,” Trefler added.

SUMIT KUMAR SINGH

PGDM 1YEAR

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