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To: Teri Garner who wrote (86800)7/28/1999 11:15:00 AM
From: Nietzsche  Read Replies (1) | Respond to of 119973
 
CSRE deal w/ IBM

Comshare Enters Agreement With IBM to Market BudgetPLUS on DB2


ANN ARBOR, Mich.--(BUSINESS WIRE)--July 28, 1999--

Leading Provider of Financial Analytical Applications Expands Support

of Mainstream Databases to Include the World's

Number-One Database System

Comshare(R) Inc. (Nasdaq:CSRE) announced today an agreement with IBM under which Comshare will market Comshare BudgetPLUS(TM) on IBM DB2 Universal Database and engage IBM to provide comarketing services and funds for Comshare. The agreement also marks the debut of Comshare as an IBM Independent Software Vendor (ISV) to make BudgetPLUS operational on DB2 Universal Database by later this fall. Comshare BudgetPLUS already runs on DB2 OLAP Server, supporting an NT environment.

Comshare is the innovator in software applications for management planning and control (MPC), which includes planning, budgeting, financial consolidation, management reporting and analysis. Tying Comshare BudgetPLUS with IBM DB2 Universal Database gives businesses a very powerful combination to optimize their MPC processes and strengthen organizational performance.

Comshare BudgetPLUS(TM) 3.0 is the leading MPC solution that is fully Web-architected, runs on mainstream relational and multidimensional databases, and comes "Ready-to-Go" with built-in best practices and packaged budgeting analysis.

This agreement widens Comshare's market and fulfills the company's strategy to have its products run on mainstream databases. "Comshare BudgetPLUS on IBM DB2 Universal Database means that even more companies around the world can make the most of their IT investments in DB2 Universal Database, DB2 OLAP Server, and NT systems," said Dennis Ganster, Comshare president and CEO. "As a result, Comshare is better positioned than ever to meet the needs of its customers and participate stronger in the market."

"Comshare's analytical applications for management planning and control on relational and OLAP databases is a natural fit with IBM's DB2 Universal Database and DB2 OLAP Server", said Jim Kelly, vice president, data management marketing, IBM Software Solutions. "This agreement provides for new opportunities for our mutual customers."

About IBM DB2 Universal Database and IBM DB2 OLAP Server

As the foundation for e-business, DB2 Universal Database is the industry's first multimedia, Web-ready relational database management system, strong enough to meet the demands of large corporations and flexible enough to serve medium-sized and small businesses. DB2 Universal Database combines power for business intelligence (data warehousing and data mining) with industry-leading performance and reliability to drive the most demanding industry solutions. IBM's DB2 OLAP Server is an Online Analytical Processing (OLAP) server designed for a wide range of multidimensional planning, analysis, and reporting applications. DB2 OLAP Server integrates the powerful Hyperion Essbase OLAP engine and application programming interfaces with the IBM DB2 family of relational databases. All the model design, data manipulation, calculation, and analysis functions of the Essbase server are available in the DB2 OLAP Server. With more than one million DB2 server licenses and 40 million users, IBM is the marketshare leader in the worldwide database industry according to Dataquest Inc., a unit of GartnerGroup, Inc. More information on IBM data management can be found at software.ibm.com.

About Comshare

Comshare is the innovator of software applications for management planning and control (MPC), which includes planning, budgeting, financial consolidation, management reporting and analysis. Comshare's MPC applications deliver business-critical information that can be used to make sound planning and management decisions. In business for more than 30 years, Comshare is one of the top independent software companies, with customers around the world, many of which are Fortune 500 and Financial Times Top 1000 companies. For more information on Comshare, call 1-800-922-7979, send e-mail to info@comshare.com, or visit Comshare's Web site at www.comshare.com.