@UK awarded major new research funding

Jun 12, 2006
@UK PLC, (AIM: ATUK.L) a leading provider of software solutions that facilitate eCommerce and eProcurement, today announces that it has won major R&D funding with Reading University and Goldsmiths College, University of London to develop new leading-edge techniques in e-commerce and e-procurement.

The team, which comprises @UK, Reading University and Goldsmiths College, has been working on fraud detection using Artificial Intelligence for e-commerce for over two years. The new funding will support the equivalent of nine man years further development and will focus on Search Engine Algorithms, Classification and Spidering. @UK PLC is currently recruiting in order to accelerate this development.

Commenting on the funding, @UK Managing Director, Lyn Duncan said, “The technology behind the scenes of search engines and e-commerce networks is becoming increasingly complex and security is an ever important issue. We have already been working to set new levels of security and fraud detection, and can now extend this into the next generation of search and classification.

This award will fund both pure research and delivery of the resulting product and is recognition of the fact that @UK and its partners are working at the leading edge in this field”.