Lake Forest, Illinois, United States
:
Acquired Sales Corp. (OTCQB:AQSP) announced that its
wholly-owned subsidiary, Cogility Software Corporation (www.cogility.com),
the developer of Legal Analytics and Intelligence (LA&I) software which
offers state-of-the-art complex Big Data fusion, mining, and analysis
capabilities, has been awarded a contract valued at up to $1 million to
develop the next generation of legal case management software solutions
for a nationally recognized full-service business law firm.
Cogility believes that the new web-based software platform will offer
the most comprehensive suite of capabilities available to the legal
market -- from eDiscovery to analytics and lifecycle management. The
solution will provide corporate general counsels and legal teams a
web-based command center for legal portfolio, case, and budget
management. It also features state-of-the-art Big Data analytics and
business intelligence to manage risks and to predict outcomes, as well
as Complex Event Processing to automate process and data integration for
efficiency. It will be designed to operate efficiently with large
volumes of both structured and unstructured data.
Cogility expects that the software, when fully developed, will lead to a
significant number of Legal Analytics contracts and licensing
arrangements with other major law firms and with corporate legal
departments.
“Our software allows clients to focus their resources, to optimize their
budgets, and to become better informed as a large amount of data is
fused and transformed into actionable intelligence,” explained Cogility
CEO Dan Terry. “Our Legal Analytics solutions will provide senior
executives with unprecedented insights into the economic value and risks
of each case with supporting facts and analytics. Our technology
analyzes complex, high-volume and often-conflicting data, and pushes the
information to the users in a timely, intuitive and easy to understand
process.”
About Cogility – Headquartered in Providence, Rhode Island,
Cogility has extensive experience in business consulting, system
engineering, and the design of complex application integration
architectures. Cogility delivers advanced, end-to-end solutions for the
design, deployment, execution, testing, monitoring and maintenance of
complex, enterprise-wide composite applications. Components of LA&I Big
Data analytics are currently supporting Cogility's clients among U.S.
Military and Intelligence analysts.
Cautionary Statements Regarding Forward-Looking Information –
This
release may contain forward-looking statements, including statements
about Cogility Software Corporation's operations and prospects. These
forward-looking statements involve risks and uncertainties. Factors that
may cause actual results or earnings to differ materially from these
forward-looking statements include those discussed in filings that
Acquired Sales Corp. makes with the U.S. Securities and Exchange
Commission, including the risk factors described in the Form 10-K which
was filed with the SEC on March 30, 2012. You are cautioned not to place
undue reliance on these statements, which speak only as of the date of
this release. We undertake no obligation to update these forward-looking
statements to reflect events or circumstances after the date of this
release.
