Datawatch and Lavastorm Announce Strategic Alliance Combination Offers Unparalleled Visual Analytics and Process Improvement Against Structured and Unstructured Data
CHELMSFORD, Mass. and BOSTON, April 29, 2013 /PRNewswire/ -- Datawatch Corporation (NASDAQ-CM: DWCH), the leading global provider of information optimization solutions, and Lavastorm Analytics, a global analytics software company, today announced a strategic alliance to provide customers the ability to expand their use of unstructured and semi-structured data sources when developing analytic applications. By combining Datawatch's Information Optimization Platform with the Lavastorm Analytics Engine, Lavastorm's powerful, visual and versatile analytic development environment, customers will be able to build analytical applications faster and with greater data variety in areas such as machine data analytics for IT operations, billing verification and accuracy for communications service providers, electronic data interchange analytics for healthcare and a wide variety of other vertical and horizontal solutions.
In Lavastorm's recent survey of more than 600 data analytics professionals, Big Data was identified as one of the top two areas driving increased investment in analytics in 2013 while greater use of unstructured data was cited as one of the most important developments expected. The Datawatch – Lavastorm partnership enables organizations to solve these Big Data and unstructured data problems with the combined power to manage volume and complexity issues using Lavastorm's agile data analytics engine and the flexibility to handle a wide variety of content sources and formats through Datawatch's information optimization technology.
"Leveraging the growing variety of business data sources and types is critical for any successful analytics program," said Drew Rockwell, CEO, Lavastorm. "There is great value in data outside the data warehouse, including unstructured and semi-structured documents and files, which can be critical to root cause analysis and optimizing many business processes. Through our partnership with Datawatch, business analysts and their organizations have an agile way to integrate and analyze virtually any source of information."
"Lavastorm's visual design paradigm is unique and opens up the ability to develop complex process driven analytical applications in a whole new way," said Michael Morrison, President and Chief Executive Officer of Datawatch. "We are often called upon to help develop applications where customers are looking to enhance processes that go beyond the capabilities of traditional business intelligence solutions. Through this partnership we now have a powerful tool in our arsenal to deliver these types of solutions both to our customers and as part of our overall solutions strategy."
Datawatch and Lavastorm will support this partnership through co-selling and joint marketing programs starting immediately. Additionally, Datawatch has begun to evaluate incorporating Lavastorm into its packaged solutions to provide more flexibility to customers who wish to tune these applications once they are deployed.
To learn more about Datawatch and its Information Optimization Platform, visit www.datawatch.com. For more information on the Lavastorm Analytics Platform and to try the free-for-life version of the Lavastorm Analytics Engine, visit http://www.lavastorm.com/resources/software-downloads-trials/.
Tags: Datawatch, Lavastorm, Analytics, Data Analytics, Information Optimization, Big Data, Unstructured Data, Data Management, Predictive Analytics
ABOUT DATAWATCH CORPORATION
Datawatch Corporation (NASDAQ-CM: DWCH) is a leader in providing information optimization products and solutions that allow organizations to deliver the greatest data variety possible into their big data and analytic applications. Datawatch provides organizations the ability to integrate structured, unstructured, and semi-structured sources like reports, PDF files, and EDI streams into these applications to provide a 360 degree perspective of the issues and opportunities that exist in their businesses. More than 40,000 organizations worldwide use Datawatch's products and services, including 99 of the Fortune 100, and businesses of every type can benefit from the power and flexibility of Datawatch's industry leading solutions. Datawatch is headquartered in Chelmsford, Massachusetts with offices in London, Munich, Singapore, Sydney and Manila, and with partners and customers in more than 100 countries worldwide. For more information, visit www.datawatch.com.
ABOUT LAVASTORM ANALYTICS
Lavastorm Analytics is a global analytics software company that enables a new, agile way to analyze, optimize, and control data and business processes. The company's products provide analysts with programming powers previously limited to IT to rapidly unify disparate data, easily construct complex analytics, and effectively deliver actionable insight and results. Analytics built in Lavastorm can easily be deployed as persistent solutions and applications, providing continuous analytic monitoring across multiple systems and complex, data-intensive processes. Lavastorm's solutions have identified business improvements worth billions of dollars for some of the largest corporations in the world. For more information, please visit: www.lavastorm.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any such statements, including but not limited to those relating to results of operations, contained herein are based on current expectations, but are subject to a number of risks and uncertainties that may cause actual results to differ materially from expectations. The factors that could cause actual future results to differ materially from current expectations include the following: risks associated with the continuing weak global economy; risks associated with fluctuations in quarterly operating results due, among other factors, to the size and timing of large customer orders; the volatility of Datawatch's stock price; limitations on the effectiveness of internal controls; rapid technological change; Datawatch's dependence on the introduction of new products and possible delays in those introductions; competition in the software industry generally, and in the markets for information optimization in particular; Datawatch's dependence on its principal products, proprietary software technology and software licensed from third parties; risks associated with international sales; risks associated with indirect distribution channels; the adequacy of Datawatch's sales returns reserve; risks associated with a subscription sales model; risks associated with acquisitions, including the recent acquisition of intellectual property from Math Strategies; Datawatch's dependence on its ability to hire and retain skilled personnel; disruption or failure of Datawatch's technology systems that may result from a natural disaster, cyber-attack or other catastrophic event; and uncertainty and additional costs that may result from evolving regulation of corporate governance and public disclosure. Further information on factors that could cause actual results to differ from those anticipated is detailed in various publicly-available documents, which include, but are not limited to, filings made by Datawatch from time to time with the Securities and Exchange Commission, including but not limited to, those appearing in the Company's Annual Report on Form 10-K for the year ended September 30, 2012 and Form 10-Q for the quarter ending December 31, 2012. Any forward-looking statements should be considered in light of those factors.
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SOURCE Datawatch Corporation