QueryObject Introduces First Internet Performance Guarantee; Company Guarantees
Superior Performance versus Competitors
Innovative Marketing Program Positions Query as Leader in Internet Analysis of Business Data
ROSLYN HEIGHTS, N.Y.--(BUSINESS WIRE)--Nov. 1, 1999-- QueryObject Systems Corporation (OTC: QUOB; BSE:QOB) today
announced that it is the first software vendor to offer customers a
guaranteed level of performance versus competitors' products in
Internet-based analysis of strategic business data.
Under the newly announced program, QueryObject products will be
prototyped against real-world customer data, under real world
conditions. If, within 30 days, any other product can exceed
QueryObject performance against the performance objectives established
at the beginning of the project, the full QueryObject consulting
effort and software usage costs will be refunded.
"This is a low risk program for QueryObject," said QueryObject
Chairman and CEO Robert Thompson, "but a high value evaluation
opportunity for customers. This industry is awash in web-hype, as
traditional client/server-based Business Intelligence vendors grapple
with making their products Internet friendly. As an Internet-optimized
analytical data mart, QueryObject can afford to stake out Internet
performance benchmarks and stand behind them."
"We are rapidly moving beyond the departmental restrictions
imposed by traditional Business Intelligence tools," continued
Thompson. "Competitively driven organizations are now evaluating
eBusiness Intelligence - the ability to make vast amounts of business
data easily available to all their employees and associates. Just
providing a finite group of managers with traditional Business
Intelligence is no longer a strategy for success. Our goal - for both
QueryObject Systems Corporation, which serves "bricks and mortar"
industries, and iQO.com, our eBusiness Intelligence Internet
subsidiary - is to empower all knowledge-workers, everywhere across
the extended enterprise, with all the critical information they need
to succeed."
QueryObject Systems Corporation sells software that enables
organizations to analyze large volumes of business data over the
Internet or in other corporate environments. Its customers are drawn
largely from high data producing industries such as
Telecommunications, Financial Services, and Insurance, and they use
the company's QueryObject System for internal access to and analysis
of corporate data. QueryObject's new Internet subsidiary, iQO.com,
makes specialized versions of these products available to companies
selling business information over the Internet and those running
Internet Portals for vertical industries.
About the QueryObject System(R)
The QueryObject System allows data intensive organizations such as telecommunications, healthcare and insurance, or financial services companies to
achieve competitive advantage by analyzing more data ...in more detail ...more quickly...over the Internet, or within other corporate environments.
The system easily transforms large volumes of business data into a compact, highly distributable data mart - a QueryObject - that can then be analyzed using
industry standard tools and techniques. Where other technologies build subject-specific data marts whose limited content, fixed schema, moderate
dimensionality and high levels of aggregation make them suitable for single user-classes and single applications, the QueryObject's high content, polymorphic
schema, and high dimensionality permits multiple user classes to access granular level data in support of multiple applications across the extended enterprise.
This enables more efficient data deployment with a reduction in administrative overhead.
The QueryObject is the first true Information Age data structure, optimized for data access and distribution over the Internet. Where most databases were
designed for client-server transaction processing, the QueryObject is architected for Internet data analysis. Its industry-leading design permits large amounts
of source data to be efficiently stored as a densely compressed loss-less mass, while a unique polynomial index provides instant random access to both the
cross-dimensional totals and via match keys - to the supporting transaction level data. The benefits are fast consistent analysis of large data volumes and
concurrent support of a large user population.
The QueryObject Engine, which transforms production, warehouse or legacy data into QueryObjects, runs on Mainframe, UNIX and Windows NT
servers, allowing organizations to save time by processing the data directly on the platform on which it is stored.
The QueryObject Server, running on UNIX or Windows NT, provides open end-user access to the QueryObject data marts. Support for industry data
access standards - JDBC, ODBC and OLE/DB - mean that the QueryObject Server provides a powerful analytical back-end to most Business Intelligence
tools, increasing their scalability, query speed and ability to support many concurrent users. QueryObject Server is available as a WEB Edition for Internet
Business Intelligence; Enterprise Edition for client-server deployments; and Personal Edition for stand-alone and mobile computing.
For organizations that want to extend data analysis capabilities beyond their traditional BI communities the QueryObject(TM) Analyzer Server (Unix, NT,
Linux) compliments QueryObject server strengths by providing web-based users with FREE down-loadable access to a multi-dimensional Java client that
turns their standard browsers into a flexible, intuitive, analytical client. QueryObject Analyzer empowers the extended enterprise to make better decisions
based on easy inexpensive access to all the relevant data.
North American pricing for the QueryObject Engine, regardless of the number of users, ranges from $50,000 to $275,000 depending on platform.
Deployment servers are also processor-priced, starting from $25,000.
About QueryObject Systems Corporation
QueryObject Systems Corporation is a publicly held company headquartered in Roslyn Heights, New York with a European distribution subsidiary
headquartered in Reading, the United Kingdom. Its products are available worldwide through a network of authorized distributors. iQO.com is a subsidiary
specializing in e-commerce in analytical information.
For more information about QueryObject Systems Corporation and its technologies, ore iQO.com, visit the Web sites at queryobject.com and
iqo.com.
QueryObject, QueryObject Analyzer, internetQueryObject, iQO, and iQO.com are trademarks of QueryObject Systems Corporation. QueryObject
System is a registered trademark of QueryObject Systems Corporation. All other trademarks and registered trademarks referenced in this document are the
property of their respective holders.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created hereby. Investors are cautioned
that all forward-looking statements involve risks and uncertainty, including without limitation, the Company's development as a software products company,
and the ability of certain partnerships to aid in that growth; the capability of the company's products to perform as optimized analytical data marts; and the
ability of the company's products to support the performance of other business intelligence tools. Although the Company believes that the assumptions
underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no
assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other
person that the objectives and plans of the Company will be achieved.
Contact:
Harpell/Martins QueryObject Systems Corporation
Linda Seid Matthew Doering
978-889-1441 516-228-8500 x128
lseid@harpell.com mdoering@queryobject.com |
