As of May 19, 2014, Cognea Pty. Ltd. was acquired by The IBM Watson Group. Cognea Pty. Ltd. designs and develops artificial intelligence technology platform for creating interactive virtual agents to chat. It offers personal virtual agents to chat with friends in Facebook; virtual agents for developers, publishers, small business Websites, and media to chat with customers on their Website; or a virtual assistant for enterprise use to Fortune 100 companies. The company's virtual agents include text to speech and speech to text capabilities; and operate in various environments, such as Website chat, social media, MSN, mobile, video games, virtual worlds, and voice. It serves banks, retail, insurance, technology, and media companies. Cognea Pty. Ltd. was formerly known as MyCyberTwin Pty. Ltd. and changed its name to Cognea Pty. Ltd. in January 2014. Cognea Pty. Ltd. was founded in 2005 and is based in Sydney, Australia.