Datawatch Replaces ASG Software Solutions' DocuAnalyzer with Monarch Professional at One of the World's Largest Financial Institutions Upgrade Will Enable More than 700 Users to Access and Analyze Content in ASG's ViewDirect Archiving Platform with the Industry's Most Robust Information Optimization Solution from Datawatch
CHELMSFORD, Mass., March 14, 2013 /PRNewswire/ -- Datawatch Corporation (NASDAQ-CM: DWCH), the leading global provider of information optimization software and services, today announced a competitive win to replace ASG Software Solutions' DocuAnalyzer with Datawatch Monarch Professional for more than 700 hundred users at one of the world's largest financial institutions. DocuAnalyzer, a private label edition of older versions of Datawatch's Monarch Professional software, has been in use at this financial institution for over 10 years. After ASG's DocuAnalyzer OEM agreement with Datawatch terminated in 2011, this financial institution began looking for a modern alternative that could provide the flexibility and functionality to access and analyze documents stored in ASG's ViewDirect archiving platform, and that offered a seamless upgrade path from DocuAnalyzer. After an extensive evaluation, this financial institution selected Datawatch Monarch Professional to replace the outdated and less functional version of DocuAnalyzer. Because DocuAnalyzer is simply a private label edition of previous versions of Monarch Professional, the upgrade path to the current version of Datawatch Monarch Professional will be seamless.
"Over the years, this financial institution created literally thousands of models with DocuAnalyzer that they used to extract valuable insights from the billions of records stored in ASG ViewDirect. Our ability to provide this important customer with a seamless upgrade path to the current, supported release of Datawatch Monarch Professional was a critical consideration in moving forward with this upgrade," said Ben Plummer, Chief Marketing Officer and Senior Vice President, Strategic Alliances for Datawatch. "When our OEM agreement with ASG terminated, it was important to us that DocuAnalyzer customers who were adversely impacted by this event, could obtain uninterrupted service from Datawatch with the opportunity to upgrade to the most current, supported version of Datawatch Monarch Professional, with its improved features and functionality. More importantly, the Datawatch Monarch Professional solution offers the absolute best return on investment as it leverages all existing DocuAnalyzer reports, projects and models and end users familiar with the look and feel require no additional training. Additionally, by transitioning to the latest Datawatch release, these organizations will have the ability to leverage the complete Datawatch Information Optimization solution if they wish to deliver great functionality to their users. We are pleased to be able to support this valuable customer through the upgrade process and look forward to assisting other DocuAnalyzer customers move to our current release."
Other DocuAnalyzer customers that are exploring alternatives can contact Datawatch by email at email@example.com or by calling 1-978-275-8222 to learn more about the latest features and support options for the current version of Monarch Professional, as well as the seamless upgrade path from DocuAnalyzer.
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.
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. Any forward-looking statements should be considered in light of those factors.
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