/24-7PressRelease/ - NEW YORK, NY, July 26, 2007 - InfoNgen extracts original and timely information from tens of thousands of online sources, which require constant monitoring. InfoNgen's proprietary tagging engine automatically adds business and financial-specific tags and topics to all inbound content, including mainstream news sites, local and foreign language media, blogs, and regulatory sites.
"Unlike traditional content aggregators, we tag and organize financial content wherever it is on the net, linking it to users in a focused, filtered way," said John Mahoney, Co-Founder and CTO at InfoNgen. "At the end of the day, there was no single place on your desktop that discovered all the relevant information you need to support your investment decision process. Now InfoNgen addresses that need."
InfoNgen's basic service can be accessed by anyone on the web at
www.infoNgen.com. Customized discovery and dynamic alerting are still only available by subscription. By customizing the filters, premium users receive only relevant real time alerts with finely focused information. InfoNgen also works with customers and business partners to provide proprietary and scalable solutions.
The company is well funded by Reuters, McGraw Hill Ventures (S&P); and several private equity firms. This is the 3rd successful start-up by co-founders Isaak Karaev and John Mahoney to provide information management and collaboration solutions to the business and finance industry.
About InfoNgen
InfoNgen is owned by Instant Information, Inc., which was founded in 2004 by Isaak Karaev and John Mahoney to provide information management and collaboration solutions to the financial industry. The company is privately owned and backed by McGraw-Hill Ventures (NYSE: MHP), Reuters (Nasdaq: RTRSY) and several private equity firms.
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