The jury, consisting of experts from the industry and venture capital representatives, rated each presentation based on the following main criteria: innovation & technologicalexcellence, business potential, team experience, and investment or partnering interest.
TRANSENTER’s content anonymisation tool LINGOSEC finished second amongst the 6 highest ranked companies and won the LT-Innovate Award 2014. Lingosec’s uniqueness and efficiency in multilingual content masking was valued by the jury due to its potential to solve an important problem of sensitive information leaking.
This award shows the importance of data leaks issue, and the need for a tool that protects companies from losing IP or fines in the context of the upcoming changes to the data protection regulations.
About the Language Technology market
Language Technology is one of the fastest growing markets. LT software and services stood at nearly €20B in 2011 and is predicted to grow to €30B in 2015. It has been forecasted that speech/voice software will raise to €7B in 2015, intelligent content analysis to €6.2B and automated translation technology to €14.9B in 2015.
Transenter offers and integrates solutions in all three areas of Language Technology.
Lingosec provides cutting edge linguistic content protection solution that minimizes the risk of information leaking and economic espionage. Transenter pays particular attention to properly sharing and storing all documents containing customers’ key information. By developing advanced security procedures we make our clients aware of how important it is to protect valuable electronic information, which, for instance, can be easily and accidentally shared via the internet or emails. This is a simple, internal solution that acts in accordance with data protection legislation and Non-Disclosure Agreements which protects content from being submitted to third parties, losing ownership of the data or from subcontractors who might be badly protected against cyber-attacks. Lingosec is software that works as buffer between the text owner (company/client)