Aberdeen spin-out signs deal with major Canadian insurer for natural language generation technologies.

Arria NLG, a spin-out of Aberdeen University, has signed an agreement with an unnamed Canadian insurer to provide its natural language generation technologies.

The news provided a welcome bump for Arria’s share price, which rose to 25.5p per share after hitting a low of 20p earlier in the week. Arria went public on the AIM market in 2013, and at one point was attracting 282p per share.

Stuart Rogers, CEO at Arria, said: “Working with this insurance company, we will develop new forms of management reporting and help them gain greater insights by leveraging mission critical operational data from their internal applications. Arria’s technology helps large corporations better understand what their data is trying to tell them, in a timely fashion, and in natural language reporting that is tailored to the various audiences within the company. All of those core capabilities and benefits are central in the initial project with this insurance company. This is Arria’s second financial services client and its fifth new client in the past six months.”