Software developer to work with Boeing on data integration platform
April 7, 2010
WEST LAFAYETTE, Ind. – Knowrtal LLC, a software development firm based at Purdue Research Park, announced Wednesday (April 7) that it will begin work with Boeing Phantom Works to launch its collaboration, model integration and analysis software.
Knowrtal, which develops software allowing customers to create, share, execute, analyze and track data via the Internet, received a $1 million grant from the state's 21st Century Research and Technology Fund in 2009. The company's Knowrtal Portal provides an online collaborative environment where users from all corners of an enterprise can share skills and knowledge.
"Knowrtal's work with Boeing is a tremendous step in the commercialization of this technology that we know can impact the operations of businesses around the world," said Mitch Roob, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "This company is further proof of the quality of entrepreneurial capital that exists in our state."
Knowrtal is contracting with Boeing Phantom Works to develop a new model integration platform with enhanced visualization and data analysis capabilities. The new platform is scheduled for launch in the second quarter of 2010, with invitation only beta testing in the first quarter.
"Knowrtal is a classic example of how cutting-edge research at Purdue is commercialized through partnerships between the Purdue Research Foundation, Indiana Economic Development Corporation's 21st Century Fund and a forward-looking corporation like Boeing," said Alok Chaturvedi, founder and chief executive officer of Knowrtal. "Purdue licensed the technology to Knowrtal, the state provided a $1 million grant to productize the invention, and Boeing provided a matching contract as Knowrtal's first customer. This win-win-win-win relationship has led to the launch of the next generation knowledge marketplace."
Chaturvedi received Purdue’s Outstanding Commercialization Award in 2007 for his role in the development of Synthetic Environments for Analysis and Simulation technology, which seeks to explain how governments, companies, organizations and the public respond to certain situations, including terrorism. In 2005, the Purdue professor received a Sagamore of the Wabash Award for his service to the state.
In addition to the contract work with Boeing, Knowrtal has a limited beta launch of Knowrtal Portal community in January 2010 with a wider release scheduled for the second quarter 2010.
"The Knowrtal technology was commercialized through our Office of Technology Commercialization," said Joseph Hornett, senior vice president, treasurer and COO of the Purdue Research Foundation, which manages the Purdue Research Park. "These types of technologies get a huge boost toward commercialization when they are supported by the 21st Century Fund, and that is one reason why the fund is so important for our state's economic base."
Knowrtal is one of 71 businesses awarded a 21st Century Fund grant since January 2006. During that time, the fund has invested more than $100 million in high-tech Indiana entrepreneurial companies that collectively have the potential to create thousands of new jobs.
Knowrtal is a SaaS./PaaS company that provides a model collaboration, execution and visualization platform founded by Dr. Alok Chaturvedi in July 2009. With social networking interlaced in every aspect of the platform, the Knowrtal Portal facilitates collaboration around heterogeneous model integration. With the Power of Collective Intelligence, Knowrtal provides a platform that allows businesses and individuals to exponentially increase their analysis in a competitive marketplace.
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Mitch Roob serves as the chief executive officer of the IEDC. For more information about IEDC, visit www.iedc.in.gov.
The 725-acre Purdue Research Park of West Lafayette (http://www.purdueresearchpark.com) has the largest university-affiliated business incubation complex in the country. The park is home to more than 157 companies. About 110 of these firms are technology-related and another 39 are incubator businesses.