MIS Completes Acquisition of IntelliCube Software

MIS USA, a division of MIS AG, the global provider of business intelligence solutions, announced that MIS has acquired all shares of IntelliCube Software, vendor of advanced Web-based business intelligence products. MIS will also be employing IntelliCube's approximately 40 employees, including 22 skilled software engineers and an experienced team of 10 people who will focus on channel sales. MIS will continue the development of IntelliCube's flagship product OnVision, a Web-based reporting application. "IntelliCube's products are very impressive," said Christophe Peron, director of marketing, MIS. "OnVision and Control-It are products that are highly competitive in the U.S. market." The base technology in IntelliCube's products supports personal digital assistants (PDAs) and other mobile computing devices. With the acquisition of IntelliCube, MIS broadens not only its product range but also its reach to new users and applications, including those involved with customer relationship management (CRM), because OnVision is the first and only software solution which accesses simultaneously data from different data sources. Among others, OnVision integrates with SAP, the popular business intelligence software suite, and OLAP services from Microsoft.

More About MIS Worldwide

Located in Florham Park, N. J., MIS USA is a wholly-owned subsidiary of German-based MIS AG. MIS AG is recognized as an emerging global contender in the development and application of management planning and analysis systems worldwide. Founded in Darmstadt (Germany) in 1988, MIS AG is steadily increasing its presence in booming business intelligence markets throughout Europe, Asia and North America. To this date, the company is represented in Austria, the Czech Republic, France, Germany, Italy, Mexico, South Korea, Spain, Switzerland, the UK and USA.

MIS solutions, which are based on the industry- and platform-independent product suite, MIS Decisionware, give corporate decision-makers real-time access to mission-critical information. More than 15,000 decision makers in many of the world's largest companies utilize these solutions to early identify market opportunities, expand their overall competitive advantage and gain an accurate overview of their current state of business. Through MIS AG's professional consulting and qualified training, customers can fully extract the business knowledge buried in their IT investments.

For more information on MIS AG, please visit our corporate Web site at www.misag.com.

Contact Christophe Peron, MIS USA, 973-765-0405, cperon@misusa.com.