A method transforms unstructured text into structured data in a domain-specific ontology. The method includes recording an input block of text using an information extraction module (IEM), accessing a domain-specific ontology and supplemental data in a knowledge source(s) via the IEM, processing the input text block, and using the IEM to generate a plurality of nodes in the domain-specific ontology. Each node classifies the unstructured text to corresponding objects of interest, thereby transforming the unstructured text into the structured data. An IEM is also provided having a computer device and an algorithm executable thereby to transform unstructured text into structured data in a domain-specific ontology. The IEM is adapted for recording a text phrase using the computer device, accessing and retrieving the domain-specific ontology and supplemental data from a knowledge source(s), and processing the text block using the computer device to generate a plurality of nodes in the domain-specific ontology.