NovoDynamics

Ann Arbor Talent Spurs NovoDynamics® Growth
“NovoDynamics was originally created as a research and technology services company,” said David Rock, president and CEO of NovoDynamics. “However, based on the top scientific team that was hired from the Ann Arbor area, it has transitioned into a profitable and growing software product company.”

The company moved from Silicon Valley to Ann Arbor because "We liked the environment here and with what's happening in life sciences at the University of Michigan, it’s a great source of talent."

Advanced Software Solutions
NovoDynamics’ software solutions help customers process, analyze, and retrieve critical information from badly smudged photocopies, obscured faxes or discolored historic documents stained beyond recognition.

The company’s advanced software solutions, VERUS™ and ArborScript ES™ are built on three core technologies:

Pattern recognition
Image analysis
Data mining

Using advanced Optical Character Recognition (OCR) technology, the solutions extract information from documents and images. Most OCR software cannot effectively extract data from challenging languages, such as Arabic, because the characters are connected to each other, similar to cursive handwriting. The text can also contain difficult to read diacritics, small marks added to characters to give them special meaning.

NovoDynamics’ VERUS and ArborScript ES solutions recognize:

Arabic
Farsi (Persian)
Dari
Pashto languages, including embedded English and French text

Ann Arbor: Research Center of the Midwest
Ann Arbor is proving an ideal place to grow the company. Known as the Research Center of the Midwest, the region has more than 150 high-tech firms and government laboratories. The universities serve as research and educational resources and contribute to Ann Arbor’s community and to the fascinating diversity of its population.

“Ann Arbor offers both the comfort and familiarity of a small town and the social and intellectual opportunities of a metropolis,” said Rock. “Ann Arbor is a city that has something for everyone.”

The company’s product revenue has increased by over 130% compared to 2005. By the end of 2006, Rock projects that revenues will grow to more than 250% compared to 2005.

Worldwide Client List
In addition to commercial and government customers, academic institutions and libraries are using NovoDynamics’ technology to convert degraded and challenging references into searchable computer text. Prominent institutions, such as Bibliotheca Alexandrina, the premier Library of Alexandria, Egypt, Yale University, and Stanford University are just a few of the company’s prestigious customers.

Commercial companies, government agencies and academic institutions use NovoDynamics solutions because they are easy to use and independent tests show that they extract more information with greater accuracy than any other competitive product.

NovoDynamics is rapidly expanding its advanced imaging discovery technology to recognize Asian and European languages. It will also offer advanced page processing features that will allow customers to extract text and non-text information from scanned documents that has never been accessible in the past. These advances will provide more opportunities for both government and commercial markets and further enhance the growth of the company.

"NovoDynamics was originally created as a research and technology services company.

However, based on the top scientific team that was hired from the local area, it has transitioned into a profitable and growing software product company."

David Rock
President and CEO
NovoDynamics