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Tuesday November 10, 7:30 am Eastern Time
Company Press Release
SOURCE: Red Brick Systems, Inc.
Red Brick and Perot Systems Announce Strategic Partnership for Data Warehousing Solutions
Red Brick DecisionScape(SM) Offerings Combined With Perot Systems' Integration And Consulting Create Outsourcing Solution for Data Warehouse Projects
LOS GATOS, Calif., Nov. 10 /PRNewswire/ -- Red Brick(R) Systems, Inc. (Nasdaq: REDB - news) today announced a strategic partnership with Perot Systems of Dallas, Texas, a leading information technology services and business solutions company. The partnership makes Red Brick DecisionScape(SM) products available to Perot Systems' clients who require high-end data warehousing solutions.
Perot Systems is a new services partner in the Red Brick Solutions Partner Program, designed to support active service and application solutions partners who are dedicated to fostering rapid and superior decision support solutions for small-to-large businesses.
Red Brick DecisionScape includes integrated products, services, methodology and partnerships designed specifically for data warehousing and decision support projects. Red Brick's history of expertise and innovative technology for data warehousing provides a rich and comprehensive base on which to build successful business analytic solutions. Red Brick's offerings complement Perot Systems' decision support client engagements where the focus is on the delivery of analytic solutions designed to drive the client's business forward quickly and strategically.
''We're very pleased to be able to extend our analytic solutions to customers through Perot Systems' leading information technology service organization,'' said Paul Rodwick, vice president of Marketing at Red Brick. ''Perot Systems' superior reputation and focus on improving customer business success are synergistic with Red Brick's overall strategy. This alignment will help Perot Systems quickly implement client projects that require the best technology and expertise for the job in an outsourced environment.''
''Red Brick's innovative technology will help us extend our ability to help clients strategically improve their business through the use of superior data warehousing solutions,'' said Kay Madnani, director of Perot Systems' Business Intelligence Service Line. ''Our outsourcing solutions include experienced program management professionals and a rapid implementation approach, which will be supported by Red Brick's products designed for decision support.''
The Red Brick -- Perot Systems Partnership Agreement
The partnership makes Red Brick products available for sale through Perot Systems' consulting organization.
Red Brick offers software products designed specifically for data warehousing. Red Brick Warehouse is an open relational database management system built from the ground up to support data warehousing. Red Brick Warehouse offers significant capabilities for a data warehousing environment such as:
A family of leading, unique join and indexing technologies
A high-performance loader
Red Brick Data Mine(TM), server-integrated data mining
Red Brick Vista(TM), server-integrated aggregate navigation and
management
Intelligent parallelism
Red Brick Warehouse Administrator(TM), a GUI administration tool
Real-time data updates with query concurrency
Superior support for very large, complex data models and high numbers of users
Red Brick Formation(TM) is a data extraction, transformation and movement tool designed to ease complex data transformations for large amounts of data in an easy-to-use, graphical, data flow paradigm.
Red Brick also offers SQL-BackTrack(TM) for Red Brick Warehouse, a leading backup and recovery solution for very large database administration requirements.
Red Brick and Perot Systems Offer Complementary Solutions at Premier, Inc.
Red Brick and Perot Systems each participate in business solutions at Premier, Inc., the largest healthcare alliance enterprise in the United States. Perot Systems recently initiated an outsourcing agreement with Premier Practice Management (PPM), a wholly owned subsidiary of Premier, Inc., to provide technical services in support of its national physician management line of business. As PPM's technology partner, Perot Systems provides a range of business applications including +MEDIC Vision(R).
Premier, Inc. was recognized recently by The Data Warehousing Institute for Market Vantage(TM), its innovative healthcare application that enables hospitals and healthcare systems to quickly access detailed healthcare data to help them reduce costs, develop integrated delivery systems, manage technology and share knowledge. Market Vantage gives Premier's members the ability to analyze large volumes of comparative medical data stored in Red Brick Warehouse. Using Market Vantage, Premier and its members can quickly recognize how they perform both financially and medically as compared to other hospitals nationwide.
''Both Red Brick and Perot Systems are considered strategic to our business operations and competitive advantage,'' said Scott Morris, director of Marketing and Business Development at Premier. ''We believe the two companies offer synergistic strengths in product and expertise which could be significantly advantageous to organizations seeking high-value data warehousing solutions.''
About Perot Systems
Perot Systems, based in Dallas, Texas, is a leading information technology services and business solutions company with 1997 revenues of approximately $780 million. Perot Systems serves clients in various industries including financial services, healthcare, energy and travel and transportation with more than 5,600 employees in North America, Europe and Asia.
About Red Brick
Red Brick Systems, Inc. is a premier provider of data warehousing solutions. Through Red Brick DecisionScape, a comprehensive, integrated environment of products, services, methodology and partnerships, Red Brick helps its customers and partners improve the quality, speed and accuracy of their business decision-making. Red Brick's leading expertise and innovative, server-integrated technology deliver scalable decision support solutions for data warehousing, data marts, OLAP and data mining.
Information about Red Brick is available on the World Wide Web at www.redbrick.com. News releases and corporate background information may also be retrieved by fax. For an index of available materials, please call 800-758-5804, and enter PIN #105756.
Red Brick and the Red Brick logo are registered trademarks, Red Brick Vista, Red Brick Formation, Red Brick Data Mine and Red Brick Warehouse Administrator are trademarks and Red Brick DecisionScape is a service mark and a trademark of Red Brick Systems, Inc. SQL-BackTrack is a trademark of BMC Corporation. All other trademarks and registered trademarks are the property of their respective holders.
Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that involve risks and uncertainties described from time to time in Red Brick's filings with the Securities and Exchange Commission (SEC). We refer you to the ''Risk Factors'' in the most recent Annual Report filed with the SEC on Form 10-K for the year ended December 31, 1997 and the most recent Quarterly Report filed with the SEC on Form 10-Q for the quarter ended June 30, 1998. These documents contain and identify important factors that could cause the actual results to differ materially from those contained herein, including, without limitation: Competition; Sales and Marketing Repositioning; Dependence on New Products and Rapid Technological Change; Feasibility of In-Process Technology; Dependence upon Key Personnel; and Dependence on Continued Growth of the Data Warehouse Market.
SOURCE: Red Brick Systems, Inc.
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