Here is an interesting Press Release I found today . . .
>>Our key business objective is to position our technology as the "intelligent glue" that enables the development and delivery of an entirely new level of functionality – advanced intelligence – to a wide range of enterprise applications.<<
>>A number of solution providers in the decision support and CRM space have already partnered with us because our technology provides a range of customization, programming and deployment options for data mining technology – in both development and service bureau approaches -- they can't find anywhere else. Microsoft's announcement should accelerate this trend."
>>ANGOSS currently has one of the largest installed bases of customers in the data mining industry with numerous leading enterprises in the financial services, telecommunications, retail, health care, and advanced manufacturing sectors. <<
Crazy Canuk
_________
CONTACTS:
Eric Apps Ken Ono,
President Vice-President Technology
ANGOSS Software Corporation ANGOSS Software Corporation
(416) 593-2430 (416) 593-2401
FOR IMMEDIATE POSTING and DISTRIBUTION:
ANGOSS SOFTWARE WELCOMES
MICROSOFT DATA MINING STANDARDS INITIATIVE
TORONTO, CANADA - May 26, 1999 (ASE: ANC) - ANGOSS Software Corporation developer of the industry leading data mining solutions KnowledgeSEEKER™ and KnowledgeSTUDIO™, elaborated today on its support for Microsoft Corporation's initiative to support the efforts of data mining industry independent solution vendors (ISVs) to broaden market acceptance of data mining technology.
Microsoft Corporation announced its plans May 24, 1999 at the Microsoft Tech·Ed 99 conference (http://www.microsoft.com/presspass/press/1999/May99/Dataminingpr.htm). Microsoft plans to provide, through OLE DB extensions for data mining, an open API enabling data mining software vendors and application developers to more efficiently integrate data mining tools and applications with Microsoft's Office and Back Office product suites.
"We welcome Microsoft's announcement as a positive development for the data mining industry", commented ANGOSS President Eric Apps. "By defining standards, Microsoft is communicating to the software industry an important message about the role of data mining technology as a critical component of decision support systems and other enterprise applications – in both traditional warehousing environments and for Internet based solutions. We share that view and have designed our products with that vision front and center in our minds. Our key business objective is to position our technology as the "intelligent glue" that enables the development and delivery of an entirely new level of functionality – advanced intelligence – to a wide range of enterprise applications. This announcement and Microsoft's efforts to define standards will enable industry leading software developers and solution providers to focus on delivering improved and affordable business solutions to their customers that leverage the capabilities of data mining technology."
"ANGOSS is uniquely positioned to take advantage of this movement to standards based offerings", he noted. "We are already well advanced in our integration with Microsoft's product platforms and we expect this integration to further deepen in future product releases. A number of solution providers in the decision support and CRM space have already partnered with us because our technology provides a range of customization, programming and deployment options for data mining technology – in both development and service bureau approaches -- they can't find anywhere else. Microsoft's announcement should accelerate this trend."
ANGOSS products span the spectrum of the Office and Back Office product suite, providing a range of affordably priced, easy to use, integrated, programmable and customizable data mining solutions to both power users of data mining technology and a broader business audience of users. ANGOSS data mining technology also leverages Microsoft's DCOM and ActiveX technologies as well as Microsoft's application development tools, making it ideal for software developers seeking to integrate data mining technology with a broader range of enterprise applications.
"Our development objectives for the past couple of years have been closely linked to promoting further integration of our data mining solutions with Microsoft's product offerings and broadening the market for data mining solutions by enabling the delivery to the market of easier to use, more affordable solutions", commented ANGOSS Vice President Technology, Ken Ono. "We expect to continue to further enhance this integration under future product releases through our support for OLE DB, our support for Microsoft's data mining standards, and our focus on industry leading innovation in this area. Microsoft provides an exceptional and innovative platform to develop and deliver innovative and integrated data mining solutions to the market. We are looking forward to continuing to lead the data mining industry's efforts to leverage that platform."
ANGOSS currently has one of the largest installed bases of customers in the data mining industry with numerous leading enterprises in the financial services, telecommunications, retail, health care, and advanced manufacturing sectors. By using ANGOSS data mining technology to improve business decision making in such areas as targeted marketing and customer relationship management, supply chain management, sales force automation and opportunity management, process control, and internal audit and risk management, these businesses are improving business decision making and enhancing their bottom line profitability -- generating rapid payback from their data mining investments.
About ANGOSS Software Corporation
ANGOSS Software Corporation, headquartered in Toronto, Canada, is the developer of KnowledgeSEEKER and KnowledgeSTUDIO, industry leading data mining software solutions, sold to Global 2000 companies in the financial services, telecommunications, retail, health care, and advanced manufacturing sectors. ANGOSS has offices or representatives worldwide, including the United States, France, Germany, Japan, Mexico, Central and South America, Scandinavia, and the United Kingdom. KnowledgeSEEKER, KnowledgeSTUDIO, KnowledgeExcelerator, are trademarks of ANGOSS Software Corporation. Other identified registered trade marks or trade marks are the property of their respective owners.
For more information, e-mail to info@angoss.com, call 1-416-593-1122 or visit our website www.angoss.com.
This press release may contain forward-looking statements relating to the future performance of ANGOSS Software Corporation. Forward-looking statements, specifically those concerning future performance and the achievement of operating profitability are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include the risk of possible customer disappointment or dissatisfaction with ANGOSS Software products, and any resulting failure to expand the user base as anticipated by the Company; the Company's limited operating history and losses; increases in expenses; unproved market acceptance of the Company's products and services; technical uncertainties related to releases of new or modified products and adapting products to specific customer requirements; risks involving management of growth; competition and the introduction of new entrants and/or new products in the Company's markets; product development risks and risks of technological change; the risk of unanticipated expenses or asset reevaluations; and other risks and uncertainties all as described in the disclosure documents filed with securities regulatory authorities in accordance with applicable securities laws.
Note: The Alberta Stock Exchange has neither approved nor disapproved the above information.
|
