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Hummingbird Aims To Make Sense Of Unstructured Data.(INTERNET & TECHNOLOGY)(Q & A)
Byline: J. BONASIA
For a company named after a tiny creature, Hummingbird Ltd. has big plans.
Hummingbird was founded in Toronto in 1984 as a consulting firm for voice and data integration. It later became a maker of portal software that lets users interface with data and programs on their computer desktops.
About five years ago, Hummingbird began to spread its wings with products to manage corporate content and collaboration. Now this field -- called enterprise content management software -- is heating up. And Hummingbird Chief Executive Fred Sorkin thinks his company is in great shape to cash in.
As clients comply with new disclosure laws, they need to get a better handle on the flood of unstructured data in their computer networks. That means managing text and video files, e-mails and Web documents, Sorkin says.
To bolster its market presence, Hummingbird recently announced a new software release. Among other things, the product helps clients comply with the Sarbanes-Oxley Act and the Health Insurance Portability and Accountability Act.
Hummingbird is on the rebound after a sales slump during the tech downturn. Revenue grew 7% to $193 million last year, after falling 12% in 2001 and 13% in 2002.
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