TORONTO, Nov. 28 /CNW/ - Sprylogics International Corp. (the "Company" or "Sprylogics") (TSX-V: SPY), a provider of intelligence-based risk mitigation software and services announced today, the roll out of a test trial of Integra DB Due Diligence Search Engine to a select group of users in the Canadian financial services sector. Go to www.integradb.com/register.aspx to sign up for a free trial.
The search engine contains information from Sprylogics' proprietary Market Intelligence Database ("MID") of disciplined individuals and entities. The information is drawn from publicly available regulatory filings and a multitude of other public sources. This content is analyzed and uploaded into the Market Intelligence Database by the Company's team of analysts.
Use of the Integra DB Search Engine dramatically speeds up, and improves, the due diligence process for anyone seeking to invest, or contemplating a transaction, in the Canadian financial markets and zeros in on key and most relevant due diligence information. A similar search query in a primary Internet search engine would likely yield many thousands of results for a given term and prevent the user from identifying or finding the most important information. In addition, unstructured data of this nature would require significant resources and time to be rendered useful for effective due diligence.
A name or an entity analyzed in the Web-based Integra DB search engine yields a Social Network Analysis of the name or entity searched. To view a sample of a screen shot of a search result and social network/chart view go to www.integradb.com/socialnetwork.aspx.
The end result is structured data or intelligence which can be used in the due diligence process and acted upon in real time. To sign up for a free trial of Integra DB Search Engine for Financial Markets go to www.integradb.com/register.aspx.
For larger corporations seeking to leverage the power of Sprylogics' risk mitigation software and develop their own information database, the Company offers its Analyst and Investigator Software. These tools comprise a proprietary, patent-pending analytical workflow platform for intelligence analysts, investigators and researchers in government, regulatory, and law enforcement agencies, financial institutions and academia. The software assists in the collection, analysis, discovery and reporting of information and intelligence. Licenses for the Analyst and Investigator Software have been purchased by a number of offshore financial centres including the Financial Reporting Authority - government of Cayman Islands, and the Financial Intelligence Unit - government of St. Vincent & The Grenadines. In Canada, the software is licensed by the Investment Dealers Association.
To complement its current line of products that help corporations turn unstructured data from external sources into real time actionable intelligence, the Sprylogics recently announced the acquisition of Wisconsin based Devsys Inc., which provides corporations with a set of internal tools to manage risk. Devsys' TrackEnterprise(C) and TrackWeb(TM) form the Hub of a comprehensive compliance system connecting corporate compliance officers with other internal departments, external services, and upper management.
About Sprylogics International Corp.
Sprylogics develops intelligence based analytical solutions, and content for enhanced risk analysis and investigative research in the regulatory, law enforcement, government, financial services, investment, and private sectors. Our technological solutions enable our users to methodically collect, analyze, discover, and report large amounts of raw data and transform that data into analyzed and actionable intelligence. Our content solutions enable our users to identify non-obvious financial risks based on the Social Network Analysis of companies, individuals and other entities. Find out more at www.sprylogics.com.
Certain statements in this press release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of Sprylogics International Inc. (the "Company") to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements use such words as "may," "will," "expect," "anticipate," "project," "believe," "plan" and other similar terminology. The risks and uncertainties are detailed from time to time in reports filed by the Company with securities regulatory authorities to which recipients of this press release are referred for additional information concerning the Company, its prospects and the risks and uncertainties relating to the Company and its prospects. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of the Company to be materially different from those contained in forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking information contained in this press release is current only as of the date of this press release. There should not be an expectation that such information will in all circumstances be updated, supplemented or revised whether as a result of new information, changing circumstances, future events or otherwise.
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