Risk and Decision Analysis Software Leader Palisade Corporation Extends Global Reach With Office Opening in Tokyo, Japan

ITHACA, N.Y., May 6, 2011 /PRNewswire/ -- Palisade Corporation, the market-leading developer of risk and decision analysis software, has announced the opening of a new office in Tokyo, Japan. This new office comes after the release of Palisade's full @RISK and DecisionTools Suite line of software in Japanese––solidifying the company's commitment to the region and representing the latest extension of the company's global reach.

Direct Service for Japanese Customers

The new office will provide local sales, order fulfillment, and support in Japanese.  "Now more than ever we feel it's important to be there for our Japanese clients," commented Palisade president Sam McLafferty. "By removing barriers such as language, currencies, and time zones, we hope to fill an important need in the rebuilding of Japan as well as in Japan's long-term growth."

Palisade has experienced increasing demand for @RISK and the DecisionTools Suite in Japan.  According to Sydney-based Palisade Asia-Pacific Managing Director Mark Meurisse, "Manufacturing, finance, shipbuilding, utilities, and insurance are just a few industries using Palisade software to analyze risk in Japan.  In addition, we have seen strong growth in the adoption of @RISK and DecisionTools Suite software by MBA programs at many universities in Japan.  These schools are preparing the next generation of business leaders by teaching them how to perform the quantitative analyses in DecisionTools software."

Quantitative Tools for Decision Support

Palisade Corporation produces quantitative tools to support decision making and is best known for its @RISK and the DecisionTools Suite, which add in to Microsoft Excel. @RISK uses a technique known as Monte Carlo simulation to account for uncertainty in spreadsheet models and to quantify the probability of different outcomes occurring. The DecisionTools Suite combines @RISK with other analytics, such as decision trees and optimization, to provide the most integrated decision support toolkit available today.

About Palisade Corporation

Palisade Corporation was founded in 1984, and at present more than 400,000 people use Palisade's software in fields that range from finance to oil and mineral exploration, real estate to heavy manufacturing, and pharmaceuticals to aerospace. The company is headquartered in Ithaca, New York, and in addition to its Tokyo office, it maintains offices in Sydney, Australia; London, England; and Rio de Janeiro, Brazil.

SOURCE Palisade Corporation