CHICAGO, and OTTAWA, ONTARIO, November 24, 2008 — Kognitio®, a leading global provider of business intelligence (BI) and data warehousing solutions, and Nextanalytics, the developer of a high-performance embeddable analytic engine, today announced the signing of an OEM agreement between the two firms. Under terms of the agreement, Kognitio will offer Nextanalytics with its WX2 purpose-built analytical database as part of its Data Warehousing as a Service (DaaS™) offering, delivering answers and insights from vast amounts of information in a fraction of the time and costs required from other solutions.
The agreement between the two firms will deliver value to companies that want to implement and benefit from data warehousing/data analytics/business intelligence implementations without high start-up, operational and support costs traditionally associated with such projects. By combining Nextanalytics’ embedded business intelligence tool with WX2 in a DaaS or managed environment, organizations with limited financial and staff resources can conduct large-scale predictive analytics projects cost-effectively, and gain a competitive advantage in the marketplace by exploiting the untapped information assets they already hold.
“We're thrilled to be part of Kognitio’s product line,” said Ward Yaternick, President and CTO, Nextanalytics Corporation. “Our technology is complementary, and has the potential to deliver a level of innovation and synergy that has never been seen before in the BI industry. Blending WX2’s capabilities with our powerful business layer is exactly what companies need at this time,” he added.
The benefit of aligning the two products is obvious: as the industry’s strongest and most flexible analytic database, WX2, is capable of scanning billions of rows within seconds, while Nextanalytics makes it easy for business analysts to create dashboards that can help them track performance without significant IT involvement, allowing them to meet the needs of dynamic and evolving business requirements. Providing this powerful new combination of technologies on an outsourced basis, is designed to give companies a greater range of options at a dramatically reduced time to results, at a lower price point to help them achieve the results they seek and need.
“At a time when businesses are under greater competitive and financial pressures than ever before, our ability to deliver a complete, cost-effective package capable of producing fast, reliable, flexible results is critical,” said John K. Thompson, Chief Executive Officer of North American Operations for Kognitio. “We are forecasting that a majority of our sales over the next 18 months will be via the DaaS delivery model; such sales depend on integrating powerful, yet low-cost elements to keep the price to our customers affordable with a quantifiable return on their investment. Nextanalytics’ BI software will help us achieve that critical objective.”
More information about Kognitio’s WX2 purpose-built analytical database and its DaaS offering is available at www.kognitio.com; more information about Nextanalytics’ software is available at www.nextanalytics.com.
Kognitio (www.kognitio.com) is an innovative, technology-rich company, providing leading-edge solutions to business problems that require the acquisition, rationalization and analysis of large or complex data. Kognitio's WX2 is the industry’s fastest and most scalable analytical database on the market, giving firms the ability to turn their raw data into valuable business insight fast, and empowering its customers to realize comprehensive answers to critical business questions.
Globally headquartered in Bracknell, UK, with North American headquarters in Chicago and offices in New York, Kognitio delivers competitive advantage to its clients across a wide range of industries, including telecommunications, financial services and utilities. More information is available by phone at 312.268.5725.
Nextanalytics allows organizations to create their own customized analytic data and integrate it with reporting, visualization and spreadsheet products using their purpose-built solution. With Nextanalytics, organizations are not limited to what SQL, MDX, or what a pre-packaged set of analytics might offer. Using Nextanalytics to deliver better analytic data is a great way to improve an existing solution at minimal expense and delay. For more information, go to www.nextanalytics.com.
John K. Thompson