iPhrase Technologies, Inc. announced the acquisition of Banter Systems, Inc., a provider of automatic classification software used to understand unstructured content and informal communications. iPhrase acquired Banter in an all-stock transaction. The deal doubles the size of iPhrase’s engineering team. iPhrase acquired all of Banter’s technology assets, customers, partner relationships and employees, including Banter’s Israeli-based research and development team. The acquisition has closed and Banter’s integration into iPhrase is underway. iPhrase will maintain its current Cambridge, Massachusetts headquarters. The unified company now has a position in both the enterprise search and e-Service enablement market. The acquisition allows iPhrase to extend its NLP support from web based interactions to e-mail, chat and secure messaging, adds automated classification capabilities, and extends its partner coverage from the Web Infrastructure segment into the CRM market. www.iphrase.com

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