FURTHER INVESTMENTS IN AUTOMATED TEXT GENERATION OF THE BERLIN SITUATED ENTERPRISE
The automation specialists at Retresco GmbH have acquired two new strategically perfect matching partners: together with main incubator, which is part of Commerzbank and dfv Mediengruppe, the expansion of automated generated content that is used to support editorial departments, can be accelerated just like the development of automated generated texts for the banking sector.
Besides several business angels, since 2012 the bmp Holding is leading investor of Retresco. From that time on development has been decisively advanced.“The range of solutions by Retresco can be used in several different sectors”, says Birgit Storz, Founder Director of Commerzbank-Incubator, “together we want to continue the implementation in the financial services sector”.
Angela Wisken, spokesperson of dfv management and responsible for digital strategies of the Frankfurt based media house, says: “Automated customer communication or generation of reports, mailings and newsletters can significantly faciliate web- and social media management by enterprises. With their self-developed software to analyse big data and their automated text generation, Retresco offers highly innovative solutions. Therefore dfv Mediengruppe and Retresco perfectly complement one another in terms of the development of new products.
Retresco, which already is market leader in the area of semantic analysis and automated utilisation of content by publishers, develops a wide range of other automated generated content for different sectors in several languages.
Both CEOs at Retresco consider the collaboration with the main incubator a big chance. “We are planning to expand our leading market position in the automatisation of digital content utilisation and text generation, and tap into the finance sector as well as the international media market. With main incubator, we found the perfect partner and we are very pleased to have gained such a renowned and experienced company as an investor”, states Johannes Sommer. “The negotiations with main incubator were very constructive and exceptionally professional from the very beginning. The investor shares our understanding of the market and fully supports our visions”, comments Alexander Siebert
Carsten Maybach, Investment Manager at main incubator says: “We are glad to have Retresco as a well-established partner. Especially in the field of automated text generation, we see many approaches to build new services for our customers.” The Berlin based team with their automation solutions in the field of text generation, topic management and recommendations have a long lasting experience with customers like Axel Springer, FAZ.NET, Freenet and United Internet.
Retresco is expert for the automation of content-driven business models. On the basis of semantic processes and search technologies, we develop highly efficient solutions for our customers and automate the effective utilization of their content and data. Our team of specialized software developers and experienced digital experts works on exciting and highly innovative solutions for well-known customers in media houses, the public sector, eCommerce and the digital industry.
About main incubator
Main Incubator GmbH, in short main incubator, is a wholly-owned subsidiary of Commerzbank. The company, which is located in Frankfurt, was founded in October 2013 and launched in March 2014. It is represented by the managing directors Birgit Storz and Christian Hoppe. main incubator was the first incubator of a major bank for financial technology start-ups in continental Europe. The focus is primarily on solutions for business customers. The company supports FinTech start-ups as a strategic partner ranging from founding to commercial success. The offering for start-ups encompasses access to nearly 15 million private customers and 1 million business and corporate customers of Commerzbank, investment capital, banking know-how, office space and infrastructure in Frankfurt. More information at www.main-incubator.com.
About dfv media group
dfv Mediengruppe, which is situated in Frankfurt am Main, is one of the largest independent specialised media houses in Germany and Europe. Their aim is to make people in their profession and business more successful.
Together with their subsidiaries and investments, they publish more than 100 professional journals for important industrial sectors. This portfolio is complemented by over 100 digital offers as well as 400 recent specialist book titles.
The dfv Mediengruppe has 970 employees in and outside of Germany and has earned a total revenue of 147,3 million euro. www.dfv.de