Expert System's (MI:EXSY) 2015 acquisition of TEMIS has put it in a strong position to leverage its award-winning cognitive technology across a much larger global footprint in the text analytics market (expected to reach $6.5bn by 2020). It has extended its strategic partnerships, including becoming a Google (NASDAQ:GOOGL) Premier Technology Partner and developing its relationships with system integrators. Its impressive client base includes Eli Lilly and Company (NYSE:LLY), Thomson Reuters Corporation (TO:TRI), Unicredit (DE:CRIH), Shell (LON:RDSa), and a number of national security agencies. Our base case DCF suggests a share valuation of €2.78, while recent fund-raising deals in the sector suggest the potential for a higher value.
Growing demand for smarter data analytics solutions
Ever increasing amounts of data are being produced, 80% of which is estimated to be unstructured. The need to derive useful insights from this growing body of data is driving the demand for cognitive computing and smarter data analytics solutions, including semantic search applications such as those offered by Expert System. Potential applications are wide ranging, including security and fraud detection, customer relationship management and brand protection, as well as competitive intelligence. Allied Market Research estimates that the global text analytics market could be worth as much as $6.5bn by 2020 growing at a CAGR of 25.2% from 2014, with North America expected to be the largest regional market.
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