Tagged Acquires Natural Language Processing Company Topicmarks
is a social network that focuses on providing friend suggestions. Tagged has recently acquired natural language processing and machine learning company Topicmarks. Topicmarks will be used to analyze the 100 million registered users on Tagged and match people with similar interests. Topicmarks’ CEO, CTO, and three senior engineers will be joining Tagged in exchange for cash and stock. Topicmarks will continue to remain active for the time being.
Tagged has been profitable for four consecutive years because of their 10-20 million monthly active users. The company currently has 150 employees which includes 17 from acquisitions. Tagged also owns game discovery platform WeGame and instant messenger software Digsby.
Topicmarks has the ability to scan text and return short content summaries. Topicmarks processes news articles, RSS readers, desktop files, and cloud storage services. Now Topicmarks will be used for reading messages, comments, and Tagged user statuses.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry