thinkAnalytics' K.wiz Gains Phenomenal AcceptancethinkAnalytics Corporation, a wholly-owned subsidiary of Gentia Software, announced that its latest $3.0 million license deal for K.wiz, a fully integrated knowledge discovery and data mining platform, to a leading European eCRM software company vaults the Company over its revenue target for the year. The OEM agreement brings the Company's revenue to over $4 million for its first five months of operation. K.wiz is the culmination of a five-year development effort and has been built with the intention of being embedded by software and third party providers. The 100% Pure Java component-based architecture allows for easy integration into the most demanding environments. The K.wiz platform allows for the rapid development of data mining solutions with a library of advanced statistical, data mining algorithms and visualization techniques. Its advanced Accelerated Database is a patented compression technology, which can process millions of records and deliver real-time responses. "Leveraging patented indexing technology, the Accelerated Database shrinks data storage requirements to approximately 1/100th the size they would be if the data were stored in a relational database," said Bob Moran, Research vice-president and Managing Director, Decision Support at The Aberdeen Group "The result: enterprises can mine much larger sets of data, whether they want to use sampling techniques or run against a full data set." "Five years ago, the vision for K.wiz spanned three areas: Automation, Scalability and Deployment," said Tim Jones, president and CTO, thinkAnalytics Corporation. "It is exciting to see the convergence between our product development with emerging standards of Java, XML and PMML and the market's needs. There is no other product on the market that makes data mining as easy to use and integrate. We look forward to helping software providers and consulting partners add unparalleled analytical capabilities to their offerings." Since its official launch in June 2000, thinkAnalytics has achieved significant milestones in its first two quarters and is looking to close a private placement by the end of Q4. Among the most recent highlights:
"Overall, we are very excited about the growing maturity of CRM solutions requiring deep analytical processing in a real-time environment," said Richard Osbourn, senior vice president of marketing. "The current investments in CRM and data warehousing will provide the need for the unique analytical engine and platform that we alone provide." About thinkAnalytics CorporationthinkAnalytics Corporation, headquartered in Boston, Massachusetts, is the only software vendor dedicated to Customer Relationship Analytics (CRA). thinkAnalytics is a wholly-owned subsidiary of Gentia Software. About K.wizK.wiz is the flagship product in thinkAnalytics' portfolio of offerings. K.wiz is the premier knowledge discovery and data mining engine available on the market today. Specifically designed from the outset to be easily integrated into other applications, it incorporates a patented technology to handle massive data volumes, a scalable distributed processing architecture and an extensive range of state-of-the-art algorithms and data-handling techniques. Written in 100% Pure Java, K.wiz presents an open, extensible architecture, supremely suited for rapid integrated deployment.For more information, please visit www.thinkanalytics.com. About Gentia SoftwareGentia Software is a leading supplier of intelligent analytical applications for enterprise performance management and customer relationship analytics. Its product suites sustain and improve business performance by improving the quality of customer interactions and driving strategy and performance management. Gentia incorporates unique technology and the world-class consulting expertise of partners including IBM, NCR and KPMG. Gentia offers the best-in-class solutions for Fortune 1,000 companies including Volvo, Sprint, Bell Atlantic, Credit Suisse First Boston and Motorola. For more information, visit www.gentia.com or call 1-8884GENTIA (United States), +44(0) 208 971 4000 (Europe). Contact thinkAnalytics Corporation, Mary Beth Germanos, 617-342-7058, mgermanos@thinkanalytics.com. |