|By Business Wire||
|June 9, 2014 05:04 PM EDT||
Spectral Capital Corporation, (FCCN.QB) announced today that its portfolio company, Kontexto, has launched Metafull, a new cloud based API service that allows software developers to convert any web link into meaningful metadata.
API's -- Application Programming Interface -- at their most basic level, allow networked products and services to talk to each other. It has increasingly been the way in which companies, applications and mobile devices exchange data, gather information and access resources. This shift in how businesses work and how applications are both built and deployed is often referred to as the new API economy and it is being driven by disruptive changes brought on by advances in social media, networking, mobile and cloud computing.
The API economy is just getting started, but already more than 75% of Fortune 500 companies are expected to offer or consume API's within the next year. Additionally, more than 70% of the top 50 mobile applications rely upon API's to operate. The Metafull API provides developers with a scalable and efficient way to acquire meaningful metadata on any link in typically less than 250ms. At the moment the industry average response time for link analysis is often greater than 2 seconds.
These low latency response rates make Metafull an ideal choice for any application that requires near instantaneous response times in order to improve decisioning and algorithmic performance. High frequency traders, programmatic advertisers and online publishers are leveraging real time metadata to drive profits up.
Metafull takes any link as an input, analyzes the link in under 250 milliseconds and creates a developer friendly metadata feed. Some of the metadata captured for any given link includes titles, a human readable text summary, author names, published date, videos, images, Facebook activity, Twitter activity and Linkedin activity.
For advanced applications, the Metafull API also includes tools to extract tags and topics, categorize entities and determine the sentiment of text or web links. Metafull offers a generously sized free tier for developers to try, test and develop applications. There are larger paid and custom pricing tiers for those organizations and developers that are ready to go or already in the market.
"Metafull has been powering most of our custom big data solutions for the past few years. It is completely battle tested and it is the perfect time for us to commercialize the technology and make the API available to other software developers", said Jamie Thompson, Vice President of Sales at Kontexto.
Spectral is a startup accelerator that acquires visionary early-stage tech companies led by founders passionate about driving breakthrough results and who embrace the entrepreneurial spirit. We bring value to game-changing ideas by structuring the launch process and subsequent analysis and learning of early customer usage to maximize results and minimize time spent on extraneous events. The end product is ultimately validated and aligned properly with targeted markets. These efforts, combined with creativity and passion to make a difference, provide for rapid and effective development aimed toward ultimate company independence by way of profitability, IPO, or acquisition. Spectral trading symbol: FCCN
About Kontexto Inc.:
Kontexto is a technology company that provides software and services that acquire, analyze and visualize streaming data in real time. Kontexto delivers these services as either a final SAAS solution or embedded in third party applications. Kontexto has provided services to some of the world's largest digital brands including Guardian Media Group, The Daily Mail, Getty Images, Abu Dhabi Media Group, Bell Media and Postmedia.
PRESS RELEASE FORWARD LOOKING STATEMENT:
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company's business; competitive factors in the market(s) in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
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