Eliyon Reports Record Third Quarter 2004 Growth
Third Quarter Sales Nearly 210% of Same Period 2003 Adds More Than 130 New Enterprise License Customers
November 18, 2004 - CAMBRIDGE, Mass. - Eliyon Technologies Corporation, (www.eliyon.com), a next-generation business search engine, today reported that it achieved record sales and signed a record number of new customers in the third quarter of 2004. Sales for the quarter were nearly 210% of sales compared to the same period in 2003, and put the company in the black for its eighth consecutive fiscal quarter. During the quarter, Eliyon added more than 130 new customers, including Barron's, Boise Office Solutions, Brinks Home Security, the Canadian Embassy, Daimler Chrysler, Eastman Chemical, Harrah's Entertainment, Indiana University, Johnson and Johnson, Knight-Ridder, Liz Claiborne, PepsiAmericas, Pfizer Pharmaceuticals, Samsung Telecommunications, Warner Bros. Entertainment, and more. In a separate announcement today, Eliyon announced that Vulcan Capital, the investment group of Paul G. Allen, has invested in the company.
Eliyon is the largest source of information on business people, professionals and executives with 23 million profiles of business people at over 1.5 million U.S. companies. Eliyon mines the Web and assembles information into comprehensive profiles of potential business partners, clients, employers -- basically anyone a user might want to do business with - all organized into a searchable database.
"Eliyon's rapid growth is proof of the powerful revolution our technology brings to business people search. With Eliyon, our customers have radically changed the way they locate and recruit talent, and in the process have cut time and costs from the recruiting process and improved candidate quality," said Jonathan Stern, founder and CEO of Eliyon Technologies. "We are proud to welcome so many of the country's leading recruiting firms and corporations as clients; it confirms the unique value Eliyon offers."
Eliyon's technology is the first successful large-scale implementation of knowledge extraction and aggregation of business information from Web sources. Eliyon's automated tools continually visit millions of news sources, Web sites, SEC filings and press release distribution sites. Using artificial intelligence and natural language processing, the tools "read" pages and extract specific information about people, companies, products, services and industries. Millions of records are extracted every day and then integrated with related information to create comprehensive profiles of people in business and of companies and organizations.
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Lauren Barber ZoomInfo