TORONTO, Feb. 9 /CNW/ - Angoss Software Corporation (TSX-V: ANC), a leading provider of data mining and predictive analytics solutions for the financial services and information and communications technology industries, today announced that it has been positioned as a strong performer in the February 2010 report, The Forrester Wave(TM): Predictive Analytics And Data Mining Solutions, Q1 2010. Among the select companies that Forrester Research invited to participate in its report, Angoss scored a 4 out of a possible 5 for strategy, with a "strong PA/DM (predictive analytics/data mining) direction, both at the corporate and product level." The report noted that "Angoss supports integrated modeling of multiple business scenarios through such features as strategy maps, champion-challenger modeling, and automatic best-model selection, thereby standing in the vanguard of PA/DM vendors that help customers become more thoroughly predictive enterprises".
"Angoss remains committed to a product roadmap of continuous, client-focused innovation that delivers measurable business value to business stakeholders in sales, marketing and risk management through operationally embedded analytics for continuous business performance improvements", said David Stott, Angoss director of product management. "Our positioning in the Forrester Wave(TM) recognizes Angoss as a market challenger to traditional statistical tool-based approaches and reflects our focus on delivering rich solutions to advance a wide range of business objectives across the enterprise."
About Angoss Software
Headquartered in Toronto, Canada, with operations in the U.S., and U.K, Angoss helps clients grow revenues and reduce risk using powerful predictive analytics and data mining software that unlock actionable knowledge from customer data. Angoss increases the intelligence of marketing, sales, and risk activities for some of the world's largest financial services, telecom and technology companies including HSBC, Citigroup, JP Morgan Chase, GE Money, Vodaphone, T-Mobile, and in Canada, RBC, Bell Canada, Rogers Communications, and CT Financial. Angoss helps these and other companies discover patterns amongst customer activity, predict the impact of their marketing, sales and risk strategies, and act on this insight with actionable, predictive rules that generate improved business performance. Angoss is listed on the Toronto Venture Exchange under the symbol ANC and has been operating since 1984. For more information regarding Angoss Software Corporation, 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 Corporation 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: The Toronto Venture Exchange has neither approved nor disapproved the above information.
SOURCE Angoss Software Corporation
For further information: For further information: David Stott, Director, Product Management, (416) 593-2403, firstname.lastname@example.org