Alliance Merges Social, Collaborative and Data Variety to Deliver BI 3.0 and Big Data Analytics
CHELMSFORD, Mass., Dec. 17, 2012 /CNW/ - Datawatch Corporation (NASDAQ-CM: DWCH), the leading global provider of information optimization software and services, and Panorama Software, a global leader in Business Intelligence 3.0 solutions, today announced a strategic alliance targeted at providing users the ability to integrate a greater variety of information, including unstructured and semi-structured data formats and sources, to extend and enhance the value of traditional business intelligence solutions. Through the integration of Panorama's Necto Business Intelligence platform and Datawatch's Information Optimization platform, organizations will be able to more rapidly populate Panorama's BI 3.0 solution with data that might otherwise have been difficult or even impossible to access. These sources include things like reports, PDF files, EDI streams, log files, machine data and - significantly – reports from traditional BI systems.
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"We at Datawatch are very excited about this strategic partnership with Panorama and believe that our technologies working together offer tremendous value to customers as they look to leverage more types of information in their business intelligence and Big Data applications," said Ben Plummer, Chief Marketing Officer and Senior Vice President, Strategic Alliances of Datawatch. Mr. Plummer added, "Panorama's paradigm for BI applications, that includes the use of social information and collaboration, is certainly visionary. When you couple those capabilities with the tremendous variety of unstructured and semi-structured data sources that Datawatch's technology platform can make available, it certainly sets the bar much higher for what organizations should expect from their business intelligence and data discovery technologies, which explains why the feedback from clients and industry analysts to this new solution has been so positive."
"This partnership offers our customers the ability to extend their current plans to deploy Panorama to include data sources that they had previously thought were not accessible," said Eynav Azarya, Chief Executive Officer, Panorama Software. "Panorama has always looked to provide innovative new approaches to delivering business intelligence technologies and the inclusion of the unstructured and semi-structured information through our partnership with Datawatch is directly in line with our vision to deliver BI 3.0 to the market."
Datawatch and Panorama will market and sell the joint solution through their respective direct sales and global channel partners – supporting the alliance with joint marketing, services, sales and certification activities to accelerate adoption of this revolutionary BI 3.0 solution. Integration testing has been completed and plans are currently underway to test the joint solution at several customer sites with legacy business intelligence applications serving as data sources.
ABOUT DATAWATCH CORPORATION
Datawatch Corporation (NASDAQ-CM: DWCH) is a leader in providing information optimization products and solutions that allow organizations to deliver the greatest data variety possible into their big data and analytic applications. Datawatch provides organizations the ability to integrate structured, unstructured, and semi-structured sources like reports, PDF files, and EDI streams into these applications to provide a 360 degree perspective of the issues and opportunities that exist in their businesses. With more than 40,000 organizations worldwide, including 99 of the Fortune 100, using Datawatch's products and services, it is obvious that businesses of every type can benefit from the power and flexibility of Datawatch's industry leading solutions. Datawatch is headquartered in Chelmsford, Massachusetts with offices in London, Munich, Singapore, Sydney and Manila, with partners and customers in more than 100 countries worldwide. For more information, visit www.datawatch.com.
ABOUT PANORAMA SOFTWARE
Panorama Necto represents a new generation of Business Intelligence 3.0 solutions that introduces a unique way to connect data, insights, and people in the organization. Necto is the first BI solution that leverages social decision making and automated relevant insights to enable users to gain insights more quickly, more efficiently, and with greater relevancy. For more information about Panorama Necto, visit www.panorama.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any such statements, including but not limited to those relating to results of operations, contained herein are based on current expectations, but are subject to a number of risks and uncertainties that may cause actual results to differ materially from expectations. The factors that could cause actual future results to differ materially from current expectations include the following: risks associated with the continuing weak global economy; risks associated with fluctuations in quarterly operating results due, among other factors, to the size and timing of large customer orders; the volatility of Datawatch's stock price; limitations on the effectiveness of internal controls; rapid technological change; Datawatch's dependence on the introduction of new products and possible delays in those introductions; competition in the software industry; Datawatch's dependence on its principal products, proprietary software technology and software licensed from third parties; risks associated with international sales; risks associated with indirect distribution channels; the adequacy of Datawatch's sales returns reserve; risks associated with a subscription sales model; risks associated with acquisitions, including the recent acquisition of intellectual property from Math Strategies; Datawatch's dependence on its ability to hire and retain skilled personnel; disruption or failure of Datawatch's technology systems that may result from a natural disaster, cyber-attack or other catastrophic event; and uncertainty and additional costs that may result from evolving regulation of corporate governance and public disclosure. Further information on factors that could cause actual results to differ from those anticipated is detailed in various publicly-available documents, which include, but are not limited to, filings made by Datawatch from time to time with the Securities and Exchange Commission, including but not limited to, those appearing in the Company's Annual Report on Form 10-K for the year ended September 30, 2011 and Form 10-Q for the quarters ended December 31, 2011, March 31, 2012 and June 30, 2012. Any forward-looking statements should be considered in light of those factors.
Datawatch Investor Relations
Phone: (978) 441-2200 ext. 8323
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SOURCE: Datawatch Corporation
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