SPSS MAKES EQUITY INVESTMENT IN E.INTELLIGENCE INCSPSS Inc boosted its presence in Web-based predictive business intelligence with an equity investment in privately-held e.Intelligence Inc. The $1 million investment represents the second infusion of equity capital into e.Intelligence since an initial investment made by JMI Equity. Last month, SPSS and e.Intelligence announced plans to incorporate SPSS forecasting technology into e.Intelligence's business-to-business demand planning solution. SPSS president and CEO Jack Noonan said the investment confirms the confidence SPSS has in both e.Intelligence and the demand planning market. "Web-based demand planning is a key emerging market," Noonan said. "We believe so strongly in the market potential for this solution from e.Intelligence, that we went beyond our OEM agreement and now have an equity stake in the company. This investment provides SPSS the most rapid entry into the demand planning market, and we expect e.Intelligence to be a highly successful venture in this space. "We are committed to leveraging our core technologies and expertise into solutions that the new economy demands," Noonan said. "This type of investment with e.Intelligence is consistent with our focus on growing the analytical solutions portion of our business by 70 to 90 percent annually and we will continue to evaluate these types of opportunities." "The investment by SPSS underscores the strategic nature of the relationship between our two companies," said Richard Tanler, president and CEO of e.Intelligence. "Our vision is to combine comprehensive statistical forecasting with Web-optimized data collection and simulation capabilities to enhance information exchange and collaboration throughout the supply chain. The Internet is becoming the backbone for business-to-business transaction processing. Our goal is to make e.Intelligence synonymous with forward-looking business-to-business collaboration. By making this investment, SPSS is helping insure our vision by increasing our speed to market." The e.Intelligence solution makes use of the Internet to facilitate interdepartmental and inter-enterprise, collaborative demand planning. It gives enterprises the means to predict demand for products or services, then gather and exchange feedback among various departments such as sales, operations, marketing and finance as well as external audiences like retail outlet managers and parts suppliers. SPSS, through its accurate, automated forecasting technology, provides the basis for this collaboration. Using the e.Intelligence solution, individuals across an organization can evaluate the forecasts, contribute their own personal business knowledge, test different scenarios and make adjustments to the forecast. The forecasts are tied to a central data warehouse, which means that all users share a single source of dynamic information. This creates a forward-looking business planning environment that goes beyond reports to deliver predictive content that can be acted upon immediately. About SPSS IncSPSS Inc provides solutions that discover what customers want and predict what they will do. The company delivers solutions at the intersection of customer relationship management and business intelligence that enable its customers to interact with their customers more profitably. SPSS' solutions integrate and analyze marketing, customer and operational data in key vertical markets worldwide including: telecommunications, health care, banking, finance, insurance, manufacturing, retail, consumer packaged goods, market research and the public sector. Headquartered in Chicago, SPSS has more than 40 offices, over 900 employees and 1999 revenues of $142 million. The company also has won the following awards: No. 70 on Forbes 1999 list of the "200 best small companies" and as the 22nd most profitable company on the Nasdaq exchange by Equities magazine; 1999 World Class Solution award in business intelligence and named "best decision support system for business intelligence" in the 1999 RealWare award competition; No. 14 in DM Review's 1999 Data Warehouse Top 100; placed No. 16 on the 2000 Soft-letter 100, a ranking of the top 100 personal computer software companies in the United States; and No. 97 in the 1999 Software 500, a ranking of the world's largest software vendors by Software Magazine. For more information, visit www.spss.com. About e.Intelligence Ince.Intelligence provides large and mid-sized corporations with Web-optimized demand planning applications and services. e.Intelligence applications leverage the data warehouse to encourage broad-based collaboration, support planning activities within the enterprise, and extend consensus planning throughout the trading community. Our goal is to reduce forecast error, improve customer service, and reduce operational inefficiencies. Richard Tanler, the company's president and CEO, founded Information Advantage. e.Intelligence is headquartered in Minneapolis, Minn. Visit www.eintelligence-inc.com, for more information. Contact SPSS Inc, Susan Kalell, 800-525-4980, pr@spss.com or for e.Intelligence Inc, Janna Knutson, 612-851-7241, jknutson@tunheim.com |