Angoss Signs OEM Agreement with IBM - Extends Angoss Predictive Analytics Applications For IBM DB2 Platform
Toronto, Canada (ots/PRNewswire)
Angoss Software Corporation (Angoss) (TSX-V: ANC) announced today that it has entered into a licensing agreement with International Business Machines to re-sell IBM's Intelligent Miner DB2 predictive analytics platform. Under the agreement, Angoss will offer clients running IBM platforms the Angoss predictive analytics solutions pre-integrated with IBM's Intelligent Miner (IM) visualization, modeling and scoring tools for DB2.
Predictive analytics systems are used to drive real time decisioning in such areas as customer segmentation and marketing optimization, credit risk management, transaction fraud and abuse detection. Angoss differentiators include performance, scalability, affordability and ease of deployment.
"This integration will save our clients time and money by reducing bottlenecks and creating a more flexible, standard-based environment that accelerates time to strategy," commented Angoss President Eric Apps. "We are pleased to offer this capability to customers running IBM as their platform for data management and business intelligence. By extending Angoss solutions with this capability, we are making predictive analytics actionable for more business users, and delivering the business value of predictive analytics quickly and cost-effectively across their organizations."
The integrated offerings will enable organizations using Angoss predictive analytics applications on IBM platforms to accelerate time to decision, lower deployment cost, reduce error risk, and improve analyst productivity. Deployment options supported through the integrated offerings include PMML (Predictive Model Mark-up Language), a data mining industry standard for exchanging models between different tools and systems.
Angoss offerings that the IBM integration module will include:
- KnowledgeSTUDIO(TM) Enterprise - The Angoss data mining analysis,
reporting and scoring system deployed at some of North America's
largest banks.
- Credit Risk Reporting & Analytics(TM) - The Angoss credit risk
analytics system for retail and SME credit portfolio managers.
- FundGUARD(TM) - The Angoss predictive analytics system for the mutual
fund and wealth management industry that enables growth in assets
under management, while reducing redemption risk.
- Claims & Payments Analysis(TM) - A packaged Angoss predictive
analytics system for insurance and entitlements providers to improve
fraud and abuse detection.
- Telecommunications Marketing Analytics(TM) - An Angoss predictive
analytics system for communications industry marketers that integrates
predictive analytics and decisioning technology to drive higher
revenues per customer.Integration testing between Angoss and IBM products was successfully completed and general availability of the integrated offering is scheduled for Q2, 2005.
About Angoss
Angoss Software empowers people to make "Better Business Decisions. Every Day."(TM)
Many of the world's leading financial services, telecom, life sciences, and retail organizations use Angoss predictive analytics software and services to grow revenues, while reducing risk and cost. Angoss helps our clients utilize business data to discover the key drivers of behavior, predict future trends and events, and act with confidence when making business decisions.
Angoss combines powerful market proven software with focused industry services expertise in the deployment, integration and use of predictive analytics in enterprise environments. Our differentiators include broad user acceptance, a commitment to open standards, rich functionality, rapid deployment, exceptional ease-of-use and affordability.
Headquartered in Toronto Canada, Angoss has offices in the UK and Australia and partners with the world's leading enterprise software and services vendors. For more information, visit www.angoss.com.
This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including: the risk that the sale of our products and services involves a long sales cycle; the risk that the economic environment and business conditions will remain difficult to predict; the risk of competition in our target markets; the risk that we may not respond adequately to evolving technologies; the risk that we or our customers may have difficulties in introducing our products or services; the risk that we will encounter difficulties in continuing to offer services; the risk that we will encounter difficulties in integrating the operations of acquired companies with our own; the risks of conducting our operations in a variety of international locations; the risk that we may need to record future write-downs of assets arising from our investments in other companies; the risks relating to the costs that we may incur as a result of litigation against us; and other risks described in our filings with securities regulatory authorities, including our annual reports, interim financial statements and similar disclosure documents. ANGOSS Software does not undertake any obligation to update this forward-looking information after the date of its initial publication, except as required under applicable law.
Note: The Toronto Venture Exchange has neither approved nor disapproved the above information.
Contact:
For further information: Trish MacPherson, Director of Marketing,
Angoss, +1(416)-593-2403, tmacpherson@angoss.com