We have successfully incubated 5 such businesses so far. We envision ideas for these incubation efforts need not emanate from us and can originate from outside Rage. We encourage entrepreneurs with ideas to contact us if they are interested in leveraging our expertise and technology. We are also interested in working with corporations and exploring ideas for joint development of products. Rage will invest its technology in the idea and significantly reduce the amount of initial capital required to launch the idea. In all such cases, we perform a rigorous analysis of the market potential for ideas and participate in them if there is a good fit between the idea and our interests.

Corporate Fundamentals [Sold to Hemscott, Plc]
Corporate Fundamentals leveraged the Rage technology to substantially automate the extraction and structuring of fundamental data, and improve the granularity of data extracted. Fundamental data is central to all fundamental analysis and research in capital markets and corporations. Till date, most information providers use substantial manual effort to extract data from corporate filings and annual reports. Obviously, such manual effort is time consuming, error prone and limits the amount of information that is structured and made available for analysis. While the Securities and Exchange Commission [www.sec.gov] has recently made strides in requiring corporations to file their fundamental data in a standardized format [XBRL], CF was able to achieve the same or better level of structuring through the artificial intelligence based components in Rage.

CF was sold to Hemscott Plc in November 2005.

CreditPointe [www.creditpointe.com]
Securities research is at a crossroads; credit rating is under significant scrutiny. At the same time, the pace of investing and information flow has only increased around the world. With our deep domain expertise in finance in general and credit rating in particular, we saw an opportunity to create a scalable securities research firm that can provide unique investment research products and also scale leveraging technology.

CreditPointe is a securities research firm that is providing investment research and credit rating products to capital markets, corporates and financial institutions. CP's real time research product systematically identifies potential 'alpha' through a sophisticated analysis of global economic developments on a company's intrinsic value/default risk. These products rely on Rage's natural language processing and linguistics technologies and its deep domain expertise in fundamental analysis. CP provides robust, forward-looking credit ratings for all corporates around the world. As opposed to the major rating agencies, CP's business model is not an issuer-pay model thereby making its ratings truly indpendent and objective. In addition to its real time research and credit rating products, CP also makes available bottoms-up fundamental models on its research portal.

BrightLeaf Corporation [www.brightleafcorp.com]
Over the years, we have observed significant inefficiencies in how legal contracts were produced and processed in multiple contexts - in financing transactions, in sales and in business development activities. With our perspective on intelligent rule-driven automation, we believed that a substantial portion of these activities can be intelligently automated and streamlined. We incubated BrightLead with this belief and the underlying technology to make it happen.

BrightLeaf Corporation provides a revolutionary platform to law firms and corporate counsel to dramatically simplify and efficiently process legal transactions and documents. The company is focused on bringing intelligent document automation to law firms and legal departments. Based outside Boston, the firm's cluster of proprietary technologies -- advanced, inline document assembly, integrated document management, embedded process automation, real-time linguistic analytics, and collaborative dataspace technologies -- helps us deliver accessible, easy-to-use, professional-strength solutions that are designed by lawyers for lawyers.

EnglishHelper [www.englishhelper.com]
The demand for English language training continues to grow exponentially. Many nation states have recognized the importance of English proficiency as a competitive necessity and have formulated public policy to encourage English language training. China, for example, has mandated English in its schools. Some estimates of just the online English language training put the market at approximately USD 20 billion with over 60% of it concentrated in major East Asian economies.

EnglishHelper™ improves English language reading, comprehension and writing skills, irrespective of your level of familiarity with the language. EH's products are based on decades of academic research and have been proven to be highly effective. EH's writing solution, 'Writing Assistant', improves the effectiveness of your written English going beyond error detection to even stylistic improvements. The writing engine relies on a proprietary linguistics engine based on artificial intelligence and computational linguistics. EH's reading solution, 'Read to me', focuses on reading comprehension, pronunciation, and accent neutralization.

At Rage, we provide 'Accelerated Engineering Services' to EnglishHelper. While EH has created a proprietary linguistics engine that is at the heart of its WritingAssistant, EH relies on the Rage platform for the rest of its application needs.