More news on Sagent. Sagent is looking attractive now at $1.75 per share. I will be purchasing shares for the long term at this point.
Sagent Announces Agreement to Integrate SAS in New Business Intelligence Solutions for Mid-Market
Sagent to Sell SAS Data Mining, CRM Solutions, Enhancing Sagent's Applications
biz.yahoo.com
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--March 12, 2001--Sagent (Nasdaq:SGNT - news), a leading provider of Business Intelligence solutions, today announced a strategic agreement with SAS Institute, the market leader in e-intelligence and data warehousing.
Under the agreement, Sagent will integrate and license select SAS® analytic and customer relationship management (CRM) software within its business intelligence solutions. The target market for these SAS-enhanced offerings from Sagent will be the mid-market--generally defined as companies with revenues up to $750 million. That market will include sectors such as credit unions, community banks, and select property and casualty insurance companies, among others.
As a result of this agreement, Sagent will offer SAS' world-renowned data mining and CRM software as part of its powerful business intelligence solution. This new offering will provide Sagent customers with a broader choice of business intelligence products and solutions and will enhance their ability to create a complete view of their customers, improve target marketing, increase customer loyalty and retention, and up-sell/cross-sell to their best customers.
``SAS' credibility in the marketplace, as well as its broad and deep analytic and e-intelligence offerings, made it the clear choice as a partner and a provider of analytics and CRM solutions to integrate with Sagent's existing offerings,'' said Bob Flynn, senior vice president, marketing and strategy, Sagent. ``We are pleased that SAS and Sagent have agreed to work together on this important initiative. The combined offering provides our customers with integrated data mining and campaign management software.''
The agreement with Sagent supports SAS' objective of developing additional channels for sales and distribution to accelerate revenue growth and increase market presence. Part of SAS' strategy is to reach market sectors that it has not traditionally served. SAS will continue to focus the efforts of its direct sales force on expanding its presence among large enterprise customers.
``Sagent has a proven track record of providing business intelligence and data warehousing solutions to mid-markets, enabling their customers to streamline operations and improve decision-making,'' said Graeme Woodley, SAS' senior vice president for business development and channel operations. ``Our agreement with Sagent brings powerful SAS analytical solutions to mid-markets through Sagent.''
The agreement between SAS and Sagent covers the Americas and Europe. It includes development assistance to ensure the integration of Enterprise Miner(TM) and other SAS solutions with Sagent's suite of products, as well as education for the Sagent sales force to position and support the new SAS-enhanced offerings. A special pricing structure will be announced when the new integrated offerings become available during the first half of 2001. |
