Editor’s note: RTP Beat is a regular feature on Thursdays.Software development firm IndusLogic in Vienna, Va., has purchased software developer Mirador Systems, formerly neoButler, in an all-stock transaction.

Financial details of the acquisition were not disclosed.

IndusLogic helps enterprise companies develop, test, maintain and support commercial software. The five-year-old company has approximately 200 employees, with more than half who work out of the company’s programming facility in New Delhi, India. None of Mirador’s seven employees will relocate to IndusLogic’s offices.

The acquisition enables IndusLogic to embed Mirador’s text management capabilities into its clients’ product offerings. Mirador’s technology helps alleviate the problem of information overload by capturing and managing concepts and ideas from large volumes of unstructured, text-based data. For example, if an attorney is using a wireless device to pull a 40-page document off its network to search for information regarding a specific EPA regulation, the attorney can request the Mirador engine to extract all sentences and regarding the regulation. Mirador’s technology will return four to five sentences that summarize information about the regulation via the wireless device. Unified messaging companies are also using Mirador’s technology for text-to-speech readback.

In addition to extracting the main idea of a lengthy document, Mirador’s technology can also match concepts between documents.

At the point Mirador was at, the company would have had to add services to grow it further, says Roger Lingle, the firm’s president and co-founder. “When you’re dealing with managing information in text, most customers require degrees of customization.”

As a result, Mirador was faced with raising more money and growing the company organically, or merging with a company that already has the consulting services and engineering manpower to tailor solutions for clients.

“Fortunately, there was a great company within Draper [Atlantic]’s portfolio,” says Lingle. Draper Atlantic is an investor in both IndusLogic and Mirador Systems.

Founded as neoButler in 1999, the startup provided software that helped Web users find information and services that met their interests and needs. Following the tech implosion of 2000, and just months after the company raised a second round of financing, 13 of neoButler’s 15 customers went out of business.

“What we did then was regroup and ask, ‘What core technology do we have and what markets can it be applied in?'” says Lingle.

The company kept its core technology and transitioned it into information management applications, specifically concept extraction, and re-launched as Mirador Systems in 2001.

During its 4-year-life, Mirador raised close to $7 million in venture capital financing. Its investors included Draper Atlantic, Franklin Street Partners, PSINet and the Japanese conglomerate Itochu Corp.

RTP-TV butts heads with the Town of Cary

Randall Gregg, founder and president of online news channel RTP-TV, has hit a roadblock in his plans to launch individual local online shows focusing on Durham, Raleigh, Chapel Hill and Cary.

When The Cary News reported Gregg’s plans in an article, Town of Cary Public Information Officer Susan Moran called Gregg to tell him the town did not want RTP-TV to use the name Cary TV. Moran said town officials were concerned that members of the community would confuse it with Cary’s public access channel, Cary TV 11, which is broadcasted via television…not the Web.

Gregg had registered the domain name CaryTV.com, in preparation for the launch of the online show.

Cary TV is not trademarked.

To read the article entitled, “Headed for Court TV?,” written by The Cary News, go to:


Gregg says that Moran’s claim that she had suggested the two meet to discuss the issue is untrue. Shortly after their phone call, Gregg received a phone call from Assistant Town Attorney Christine Simpson, who also asked him to change the Website’s name.

“Top 20 Southerners to Watch” includes 3 North Carolinians

Three native North Carolinians have been selected for inclusion in the Financial Times’ first-ever list of “Top 20 Southerners to Watch.” They are Jim Walton, 45, president of CNN News Group; Scott Livengood, 50, chairman and CEO of Krispy Kreme Doughnuts; and Senator Elizabeth Dole, 67. They ranked 9, 18 and 19, respectively.

North Carolina residents Amy Woods Brinkley, 47, chief risk officer at Bank of America, and Dr. Johnetta Cole, 66, president of Greensboro-based Bennett College, also made the list at no. 16 and 20, respectively.

Financial Times says the selection pool was narrowed to those born in the original Confederate states of the South, excluding Texas. The winners, selected by a three-person committee chaired by Tom Johnson, former president of CNN, are a compilation of outstanding native talent in the arts, business, finance politics and sports. The list is part of a special 24-page report entitled “Southern Exposure,” which takes a closer look at the modern American South and reports on topics such as the automotive industry, banking, education, property, country music, literature and Cajun cuisine.

Financial Times is an English language business newspaper read daily in 140 countries.

Got news? Email Cal at: cal@localtechwire.com.