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CloudFactory Acquires Key Crowdsourcing Competitor and Launches Next Generation Platform

CloudFactory Acquires Key Crowdsourcing Competitor and Launches Next Generation Platform

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Published by: Crowdsourcing.org on Feb 27, 2013
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02/27/2013

 
CloudFactory Acquires Key CrowdsourcingCompetitor and Launches Next GenerationPlatform
Enterprise clients benefit with even greater accuracy andfaster turnaround times
NEW YORK, Feb. 27, 2013 /PRNewswire/ --CloudFactory,a distributed workforce company forbusiness automation, today announced the launch of the CloudFactory 2.0 Platform at Crowdopolis in downtown Manhattan.The new platform comes after CloudFactory acquiredSpeakerText and Humanoid in October of 2012. Both were backed by investors such asGoogle Ventures, Dave McClure 's 500 Startups, Mitch Kapor andCrowdFlower CEO Lukas Biewald ."They had the most advanced machine learning technology in the worldfor distributed workforces," says CloudFactory CEO Mark Sears . "Wetook the best from both platforms in designing CloudFactory 2.0. Wecan now provide our clients with even better accuracy, faster turnaroundtimes and more advanced workflows to automate their businessprocesses."CloudFactory's growing base of enterprise clients are all companies thatwere looking for ways to automate core aspects of their business. Manyhad outsourced their work to India and the Philippines. Others weredoing the data entry in-house. Initial results from CloudFactory 2.0 haveseen dramatic increases compared to what clients had experienced withprevious alternatives. "CloudFactory has sped up and doubled ourmedical form processing capacity, even identifying errors made by ourseasoned internal staff!" said Kyle Powell , CEO of SureHire.

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