Mark Cuban Invests in Linguasys
Florida-based language technology specialist LinguaSys announced that high-tech entrepreneur (and sports mogul) Mark Cuban is taking ownership of “a significant position” in the company. Cuban’s investment is a strong signal in the soundness of machine translation and related text analytics (TA) technologies to simplify and accelerate communications and commerce that crosses international boundaries and involves multiple languages. He has demonstrated a gift for identifying, investing in and building technology-based companies dating back to the 1980s when he sold his first company, a system integrator and software reseller called MicroSolutions, to CompuServe for $6 million.
Today Cuban is most famous for building one of the first streamed entertainment companies, Broadcast.com, and selling it to Yahoo! for almost $6 billion (with a “b”), in the midst of the Dot.com Bubble of 1999. In addition to buying the NBA’s Dallas Mavericks, Cuban continues to invest in broadcast technologies, launching a satellite network called AXS-TV for distribution of High-Definition programs, and he is also deeply vested in filmed entertainment through ownership of production house Magnolia Pictures as well as the Landmark Theater chain.
LinguaSys applies its proprietary Carabao and TG (Translation Generation) to support customized, secure enterprise and mobile Machine Translation (MT), Text Analytics solutions and Natural Language User Interfaces. The technology can be implemented on enterprise servers or accessed through smartphones.