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KXEN Selects FOVEA as Software Distributor

KXEN, a global analytic software company that provides powerful, predictive and descriptive modeling technology for both data mining professionals and business decision-makers, announced its partnership with FOVEA, a turnkey software distributor located in Switzerland.

"FOVEA is an industry leader in software distribution and has tremendous experience in providing turnkey solutions for the data warehousing, data mining, and knowledge management industries," said Roger Haddad, co-founder and CEO of KXEN. "The combination of our leading-edge analytic software and FOVEA's distribution expertise gives us a strategic advantage as we further expand our operations into Switzerland."

Through this partnership, FOVEA will primarily focus on providing the education, support, and promulgation of KXEN's full suite of patented analytical software to the finance, insurance, pharmaceutical, and retail industries throughout Switzerland and Liechtenstein.

"We are proud to have delivered software solutions in the areas of data warehousing, data mining, and knowledge management to customers such as Brio Technology, Credit Suisse, ABB Asea Brown, SWX Swiss Exchange, and F. Hoffmann-La Roche. The key to our success has been our ability to translate the application of the technology into a business benefit for the customer," stated Paul Vogler, CEO of FOVEA. "We are excited to begin our relationship with KXEN. With their powerful analytic software, we are able to offer our customers an easy to use data modeling technology that will allow them to quickly make better business decisions."

KXEN's software suite is different from other analytic products because it allows organizations to build and deploy models much faster than using traditional products. It easily integrates into existing applications, bringing powerful predictive and descriptive modeling capabilities directly to the business user. KXEN indicators allow them to immediately assess the value of their analysis. Organizations that previously could not afford extensive data mining resources can now build models in seconds or minutes instead of hours or days.

About FOVEA

Founded in 1996 and headquartered in Mellingen, Switzerland, FOVEA is a turnkey software distributor. FOVEA provides solutions for the data warehousing, data mining, and knowledge management industries. FOVEA's technology is proven and has benefited companies around the globe, including pharmaceutical, retail, banking, insurance, and manufacturing organizations. FOVEA and its sister company, Sunnybit, a data warehousing, enterprise information portal, and a reporting solutions company, have established customer relationships with industry leaders, including IBM, SUN Microsystems, Siemens, and Compaq. For more information on FOVEA, visit www.FOVEA.com.

About KXEN

KXEN (Knowledge Extraction Engines) is a global analytic software company that provides powerful modeling technology for both data mining professionals and business decision-makers. KXEN's patented technology quickly and easily transforms data into knowledge, enabling users to make better business decisions. KXEN partners with systems integrators and original equipment manufacturers to integrate its analytic software into their applications. KXEN offers a state-of-the-art suite of predictive and descriptive modeling engines based upon Vapnik's theory of mathematics for scoring, classification, clustering, and variables contribution. KXEN is headquartered in San Francisco, CA, with Research & Development facilities in Paris, France, and additional offices throughout the U.S. and Europe. For more information on KXEN, visit www.kxen.com.

Contact Karen Higgins of TMP Worldwide, 610-251-6880, or karen.higgins@tmp.com for KXEN.