IPSNP Computing Inc. Receives Funding From the Government of Canada and Private Placement to Seed Development of Next Generation Search Engine for Web Data

SAINT JOHN, NEW BRUNSWICK — (Marketwire) — 10/18/12 — IPSNP Computing, an early stage start-up and national leader in semantic data integration software, announced today that it raised $200,000 to advance the development of its lead product HYDRA. Early stage funding of $50,000 was provided by the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) and $150,000 was raised from private investors.HYDRA represents a paradigm shift in online data integration an