LAKE FOREST, Ill.--()--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.