Thomson Reuters contract

    RNS Number : 3161J
  Infonic PLC
  02 December 2008
   

    




    INFONIC PLC ('Infonic' or the 'Company')

    Infonic extends contract with Thomson Reuters

    Infonic plc, the UK AIM-listed provider of innovative information management software, announces today the signing of a significant
extension to an existing contract between Thomson Reuters (NYSE:TRI; TSX:TRI; LSE:TRIL; NASDAQ:TRIN) and one of Infonic's subsidiary
companies (Lexalytics Limited).  The amendment agreement will enable Infonic developers to make key enhancements to the Reuters NewsScope
Sentiment Engine ("RNSE"), a real-time news sentiment scoring service designed for financial institutions.  

    Under the terms of the amendment, Infonic will extend the asset class coverage for RNSE.  The investment will also advance the
development of a foreign language scoring system to add to the existing English-language service.

    RNSE enables Thomson Reuters to supply financial institutions with a unique set of news sentiment, relevance, and novelty indicators for
use in algorithmic trading systems as well as risk management and human decision support processes.  These scores can be used by trading
desks and quantitative research analysts to better predict the movement of share prices.  RNSE is a key element within the Thomson Reuters
Quantitative and Event Driven Trading product suite, which offers the financial community comprehensive real-time trading and back-testing
investment tools.

    Mike Powell, Global Head of Enterprise Information, Thomson Reuters, commented: "Thomson Reuters is committed to delivering intelligent
information to our customers, and this additional investment in a key strategic product set enables Thomson Reuters to continue to be a
market leader in the development of innovative and unique investment tools. We're delighted to expand our successful relationship with
Infonic as part of our overall investment in cutting edge trading solutions."

    Mark Thompson, Chief Executive of Infonic said: "The expansion of our collaboration with Thomson Reuters is a huge endorsement of our
proprietary text analytics technology. RNSE now scores sentiment on over 8,000 companies. We are confident that the development of further
enhancements to our product will help drive future revenues."

    From January to October 2008 Infonic's text analytics division invoiced clients £2.03 million which includes the payment from Thomson
Reuters referred to in the Interim Results Statement on 29 September 2008.

    For further information please visit www.infonic.com or contact:


 Infonic plc 
 Mark Thompson, Chief Executive     Tel: [phone]  

 Parkgreen Communications Limited
 Paul McManus                      Tel: [phone]
                                   Mob: [phone]
                                   [e-mail]
 FinnCap 
 Geoff Nash/Rose Herbert           Tel: [phone]

      About Infonic plc
    Infonic is a global leader in providing unique software focusing on document and text capture, distribution and analysis. Infonic's
software is used every day to improve efficiency for some of the world's leading companies, military and maritime organisations and
government departments.

    Infonic was founded in 2000 and listed on AIM in 2003 (previously named Corpora plc).

    Infonic makes three core software technologies: 

    Geo-Replicator software uses powerful, patented data compression and synchronisation technology to replicate data rapidly between
servers and laptops and server-to-server. This is vital where servers are separated geographically and data transmission would ordinarily be
slow and where personnel work remotely but need access to replicated data in the field. 

    Document Management software makes possible the digital capture, storage, search and retrieval of any type of document, including
scanned images, word documents, e-mails and pdfs. Our software enables businesses to dispense with hard copy filing and stores documents in
secure folder systems which permitted users can access simultaneously.

    Text Analytics software automatically understands, analyses and reports on the underlying events and sentiment behind thousands of news
stories, reading unstructured news in milliseconds and presenting the end user with an instant understanding of content. Sentiment has a
number of applications such as giving financial traders a time advantage in understanding whether the news sentiment behind a stock is
positive, negative or neutral.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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