Angoss Software Corporation Issued 2nd Patent

Latest Patent Covers Method and System for Interactive Decision Tree Modification and Visualization

TORONTO, April 27 /CNW/ - Angoss Software Corporation (Angoss) (TSX-V: ANC) a global leader in delivering powerful predictive analytics software and solutions, today announced the issuance to it by the US Patent Office of a patent for a method and system for interactive decision tree modification and visualization.

The invention with patent number 7,873,651 describes a method and system of modelling decision trees within a client-server environment. Decision trees are used as a visual and analytical decision support tool. They provide intuitive capabilities that allow users to segment populations and understand the key drivers of outcomes based on their business data. Angoss Software Corporation's extensive experience with decision trees and its unique approach to their construction and visualization has now been recognized by the US Patent Office.

This latest patent covers technology in connection with the company's KnowledgeSTUDIO® product and all of its interactions between the user, the client and the server when building and modifying a decision tree model. For example, to execute a "Find Split" operation, after receiving a user request, the client sends a command to the server which then finds the optimal variable to split on and how the data should be grouped to get the most predictive distribution. Once the server finds the answer, it is returned to the client to be displayed to the user for further interaction and modification.

"Today's marketplace is growing increasingly competitive with the introduction of new data mining and predictive analytics technologies, and the most successful businesses will be those who leverage their intellectual property to give customers the assurances they are looking for when buying technology based products and solutions," said Martin Galligan, President and CEO. "Our ability to bring the power of advanced predictive analytics to business users cannot be underscored. Advanced analytics is no longer the exclusive domain of statisticians and quantitative analysts. This innovation progresses the ability of sales and marketing organizations to apply predictive analytics to their business to improve sales and marketing performance."

Angoss Software Corporation also holds a patent for a method and system for the visual presentation of data mining models. Data visualization helps businesses discover valuable insight and intelligence from their data and makes predictive analytics accessible and easy to use for technical and business users. The company's leadership in delivering data visualization through interactive decision tree and strategy tree technology puts the power of interactive modelling in the hands of business users.

About Angoss Software Corporation

Angoss is a global leader in delivering predictive analytics to businesses looking to improve performance across sales, marketing and risk. With a suite of desktop, client-server and in-database software products and Software-as-a-Service solutions, Angoss delivers powerful approaches to turn information into actionable business decisions and competitive advantage.  Angoss software products and solutions are user-friendly and agile, making predictive analytics accessible and easy to use. Many of the world's leading financial services, insurance, retail, health care and information communication and technology organizations use Angoss predictive analytics software products and solutions to grow revenue, increase sales productivity and improve marketing effectiveness while reducing risk and cost. Headquartered in Toronto, Canada, Angoss has offices in the United States and United Kingdom. For more information, visit www.angoss.com.

This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including: the risk that the sale of our products and services involves a long sales cycle; the risk that the economic environment and business conditions will remain difficult to predict; the risk of competition in our target markets;   the risk that we may not respond adequately to evolving technologies; the risk that we or our customers may have difficulties in introducing our products or services; the risk that we will encounter difficulties in continuing to offer services; the risk that we will encounter difficulties in integrating the operations of acquired companies with our own; the risks of conducting our operations in a variety of international locations; the risk that we may need to record future write-downs of assets arising from our investments in other companies; the risks relating to the costs that we may incur as a result of litigation against us; and  other risks described in our filings with securities regulatory authorities, including our annual reports, interim financial statements and similar disclosure documents.  ANGOSS Software does not undertake any obligation to update this forward-looking information after the date of its initial publication, except as required under applicable law.

Note: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE ANGOSS Software Corporation

For further information:

Lon Vining
Chief Financial Officer
416-593-2420
lvining@angoss.com

Profil de l'entreprise

ANGOSS Software Corporation

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.