Formicary launch TVSeer™ - The enterprise TV and audio monitoring agent

London - UK - 17^th July 2008 - Formicary Ltd, an IT consultancy firm specialising in providing solutions to the financial services industry and eMedia Monitor, a technology leader in broadcast monitoring, audio/video search and retrieval, today launched TVSeer™ - The enterprise TV and audio monitoring agent.

TVSeer™ is a unique new service that monitors media broadcasts on a user's behalf and delivers targeted alert notifications direct to the desktop via instant message. Using advanced speech to text technology, TVSeer™ monitors multiple channels in multiple languages 24/7, automatically delivering relevant content within 15 seconds of transmission.

The service has been designed for financial professionals who need to know events that will move or change the global market landscape, as well as those who are interested in sector specific news.

Specifically aimed at researchers, analysts and traders in financial services, TVSeer™ allows users to set up advanced search filters for specified keywords and complex terms. Once triggered, an alert containing the summary is sent to the user, who can then choose to view the original clip.

Philip Miller, Head of Intelligent Messaging at Formicary said "We have been working with top tier Investment Banks to deliver this service based on superior speech recognition technology, uniquely tailored to the Financial Services market. We are pleased to announce that all information consumers are now in a position to benefit from this innovation."

About Formicary

Formicary is an information technology solutions company that specialises in building integrated applications to maximise business efficiency and streamline business processes for the Financial Services industry.

Founded in 2000, Formicary brings together a world class team of talented and dedicated professionals with industry experience and understanding covering front to back office in equities, fixed income and derivatives.  This knowledge, coupled with technical excellence ranging from legacy client/server to cutting edge technologies, enables Formicary to offer innovative and sophisticated solutions to help clients improve their productivity and increase their return on investment.

Formicary has offices in Europe, North America and Australia. For more information, please visit www.formicary.net or contact us at info@formicary.net

About eMedia Monitor

eMedia Monitor headquartered in Vienna are a technology leader in providing services for Broadcast Monitoring, Audio/Video Search and Retrieval. eMedia Monitor systems are used in a wide range of applications allowing users access to both real-time and archive content. Specific market-based speech software delivers data and analysis for business intelligence.