Published Tuesday, 02 December, 2008 at 05:00 AM
Minister for Tourism, Regional Development and Industry
The Honourable Desley Boyle
Mining boom hits Brisbane ICT industry
Brisbane will be home to a new mining company by the end of the year whose interest is not in minerals but digging through data to find valuable information.
Tourism, Regional Development and Industry Minister Desley Boyle said the US-owned IT company TextOre was expanding globally and, with assistance from Invest Queensland, set to open its Australasian base in Brisbane.
“I’m very pleased TextOre Australasia will be joining key information and communication technology industry players such as Red Hat, Sega, IBM and Oracle who have already created Brisbane bases,” Ms Boyle said.
“They also join home grown ICT industry leaders such as Mincom, Data3 and Technology One.
“Queensland’s ICT industry is growing by more than 12 per cent per year, faster than any other state in Australia, and currently employs more than 62,000 people who are developing world-class products and solutions.
“TextOre Australasia commended the State Government’s commitment to attract ICT companies to Queensland and recognises the benefits of access to a cost-competitive work environment and skilled, motivated ICT workforce.”
Ms Boyle said TextOre was a global leader in text and data mining and TextOre Australasia CEO Glen Thomas added that the Brisbane office would be known as an “Information Refinery”.
“TextOre refines information collected - providing business-to-business analytical software and services to examine and extract information from large volumes of unstructured text,” Mr Thomas said.
“This is an increasingly vital requirement for researchers and analysts, given that an estimated 80 per cent of corporate data comprises unstructured text, and the volume of information in existence is doubling every six months.
“Such an exponential increase has been spurred on by the proliferation of emails, intranets and extranets.
“Our sophisticated software enables highly detailed searches with multiple queries, enabling companies, government agencies and researchers access to relevant data in any language.
“Data mining tools can also assist in predicting future trends and behaviours, providing the opportunity for proactive, knowledge-driven business decisions.
“We currently service clients in the resources, financial, legal and energy sectors as well as the Government Open Source community and are looking to provide the same level of services here in Australia.”
Queensland has five ICT-related research centres based within universities and Mr Thomas said the company was keen to foster a collaborative relationship with the Queensland University of Technology and other universities in the state.
“We’d like to work with Queensland universities in a variety of ways, possibly including graduate program sponsorship, graduate employment and mentoring schemes, as well as the chance for students to increase their technical knowledge during their studies,” Mr Thomas said.
“Setting the benchmark for services in our industry is part of our plan in coming to south-east Queensland and internal and external collaboration will be a key ingredient.
“Within five years TextOre Australasia anticipates having a full-time staffing level of 75 in our in our 24/7 Event Monitoring Centre, and exporting our products and services to the Asian, US, European and Middle Eastern markets.”
Mr Thomas added TextOre also had offices in the US and Norway, with another set to open in The Netherlands by mid- 2009, but the enviable lifestyle enjoyed by Queenslanders was part of the drawcard for establishment in Brisbane.
ENDS
Ministerial media contact: 3225 1005 or 0419 025 326
TextOre Australasia Contact: Glen Thomas, CEO 0423 688 353, gthomas@textore.net
2 December 2008
Tourism, Regional Development and Industry Minister Desley Boyle said the US-owned IT company TextOre was expanding globally and, with assistance from Invest Queensland, set to open its Australasian base in Brisbane.
“I’m very pleased TextOre Australasia will be joining key information and communication technology industry players such as Red Hat, Sega, IBM and Oracle who have already created Brisbane bases,” Ms Boyle said.
“They also join home grown ICT industry leaders such as Mincom, Data3 and Technology One.
“Queensland’s ICT industry is growing by more than 12 per cent per year, faster than any other state in Australia, and currently employs more than 62,000 people who are developing world-class products and solutions.
“TextOre Australasia commended the State Government’s commitment to attract ICT companies to Queensland and recognises the benefits of access to a cost-competitive work environment and skilled, motivated ICT workforce.”
Ms Boyle said TextOre was a global leader in text and data mining and TextOre Australasia CEO Glen Thomas added that the Brisbane office would be known as an “Information Refinery”.
“TextOre refines information collected - providing business-to-business analytical software and services to examine and extract information from large volumes of unstructured text,” Mr Thomas said.
“This is an increasingly vital requirement for researchers and analysts, given that an estimated 80 per cent of corporate data comprises unstructured text, and the volume of information in existence is doubling every six months.
“Such an exponential increase has been spurred on by the proliferation of emails, intranets and extranets.
“Our sophisticated software enables highly detailed searches with multiple queries, enabling companies, government agencies and researchers access to relevant data in any language.
“Data mining tools can also assist in predicting future trends and behaviours, providing the opportunity for proactive, knowledge-driven business decisions.
“We currently service clients in the resources, financial, legal and energy sectors as well as the Government Open Source community and are looking to provide the same level of services here in Australia.”
Queensland has five ICT-related research centres based within universities and Mr Thomas said the company was keen to foster a collaborative relationship with the Queensland University of Technology and other universities in the state.
“We’d like to work with Queensland universities in a variety of ways, possibly including graduate program sponsorship, graduate employment and mentoring schemes, as well as the chance for students to increase their technical knowledge during their studies,” Mr Thomas said.
“Setting the benchmark for services in our industry is part of our plan in coming to south-east Queensland and internal and external collaboration will be a key ingredient.
“Within five years TextOre Australasia anticipates having a full-time staffing level of 75 in our in our 24/7 Event Monitoring Centre, and exporting our products and services to the Asian, US, European and Middle Eastern markets.”
Mr Thomas added TextOre also had offices in the US and Norway, with another set to open in The Netherlands by mid- 2009, but the enviable lifestyle enjoyed by Queenslanders was part of the drawcard for establishment in Brisbane.
ENDS
Ministerial media contact: 3225 1005 or 0419 025 326
TextOre Australasia Contact: Glen Thomas, CEO 0423 688 353, gthomas@textore.net
2 December 2008