ShowBase and Quintillion Join Forces
to Bring Powerful Information Mining Tools to the Web
ACTION ITEMS
ShowBase Inc. has announced that it has acquired Ottawa based company, Quintillion Corporation, in a transaction valued at $1,200,000. ShowBase now holds the rights to a data mining technology called Q-Why, which it will combine with its existing technology to develop powerful information mining solutions for the Web.
Q-Why is a GUI oriented data mining tool that uses a bottom-up approach to information discovery. ShowBase will integrate Q-Why with its existing technology to develop user-friendly mining solutions for the Internet/intranet with natural language expression capabilities. This cross-platform software solution will be 100% Java and will provide output in easy-to-read report format.
"The purpose of any merger is to make one plus one equal more than two", said Les Horn, President of Quintillion Corporation. "The power of Quintillion's data mining tool coupled with the market presence ShowBase has created can only mean greater value for our customers, employees and shareholders: win, win, win!"
Les Horn has been involved in the High Tech Industry for the past thirty years and has extensive experience in engineering, sales and marketing, as well as business development. Mr. Horn was the Co-Founder, Director & V/P Engineering of Corel Systems Corporation and prior to that held several senior sales and marketing positions with Hewlett Packard Ltd. in the US, Canada and Europe.
Les Horn joins the ShowBase team as the Director of Business Development. In ShowBase he will be primarily responsible for creating strategic alliances, signing major license agreements, and increasing market penetration and sales volumes. Mr. Horn will participate in the formulation of marketing and overall business strategies and will also provide full representation for the interests of the existing Quintillion shareholders.
"Growth through acquisition is part of our business strategy", said Michel Desautels, President of ShowBase. "By combining existing proven technologies in the development of our products, we are able to continuously answer the needs of the market with innovative solutions that provide real-world usability."
Award winning ShowBase Inc. specializes in the development of cost-effective, high performance and programming-free information publishing software for the Internet/intranet market. ShowBase's innovative information publishing, accessing and retrieval solutions enable corporations of every size to develop and maintain a strong competitive advantage in a global marketplace.
ShowBase markets its products worldwide through an extensive network of distributors, VARs and ISPs in such countries as Canada, the United States, France, Germany, and the United Kingdom. ShowBase's global customer base includes the U.S. Navy, City of Montreal, Purdue University Calumet, U.S. and Canadian Government Departments, Motorola, and the FBI.
For more information, visit the company web site at http://www.ShowBase.com