TORONTO - June 5, 2008 - Panorama Software, a global leader in Proactive Business Intelligence solutions, today officially announced its PowerApps™ strategy, a cloud computing analytical engine for Business Intelligence (BI) applications. Through PowerApps, ISVs and software developers can now take advantage of the first “Analytics as a Service” platform to develop and extend various analytical applications using the power of cloud computing.
PowerApps is a Web-based, hosted and extremely efficient OLAP (OnLine Analytical Processing) platform that can create, manage and support any type of analysis scenario. The platform offers APIs to create OLAP cubes as well as to deliver and create customized, user-facing reports from within Google Apps™.
PowerApps is the analytical engine powering Panorama’s analytical solution for Google Docs™. For more information please visit: www.panorama.com/google
“Cloud computing challenges the rules and commercial model of the software platform vendors, and is a significant major trend in the software world,” said Gerry Brown, Associate Analyst with Bloor Research International. “Panorama’s PowerApps delivers analytics as a service, and joins solutions such as Amazon® S3 and the Google BigTable in offering a differentiated cost-effective alternative solution to those of the traditional platform providers.”
“Panorama is the company that developed the most innovative OLAP technology and sold it to Microsoft ten years ago. This technology became the foundation of SQL Server Analysis Services, the most popular OLAP engine today,” said Eynav Azarya, CEO of Panorama Software. “Now we are building the next generation of OLAP solutions for the new era of cloud computing. “
“Panorama’s cloud computing strategy and its integration with Google Apps provides our customers powerful analytical and visualization capabilities for Google Apps. We are looking forward to seeing ISVs take advantage of the PowerApps APIs to extend the core capabilities provided by Panorama and make Google Apps even stronger in the enterprise,” stated Scott McMullan, Google Apps Partner Lead, Google Enterprise.
Panorama’s PowerApps uses industry standards to create and access data. As such, Multidimensional Expression (MDX) will be the way to query the data once hosted, and new tools will enable easy data upload and cube creation and management. As a default front end, Panorama will offer ways to customize its solution for Google Apps; however, any MDX-supporting front end application will be able to query data sitting on PowerApps—even Microsoft Excel.
“The world is rapidly moving to use more and more ‘cloud computing’ services as opposed to on-premise installations of every single service internally. Panorama PowerApps is currently the only analytics service that can be used instead of traditional on-premise BI platforms. Its versatility, combined with the affordability of its Software as a Service delivery model, makes it an ideal choice for many classes of BI applications,” said Oudi Antebi, Vice President of Marketing and Strategy for Panorama Software. “Whether the deployment is a dozen machines or hundreds, PowerApps can quickly scale as needed to handle the demand.”
Panorama PowerApps is currently available for testing by registration on www.power-apps.com and will be broadly available by the end of 2008, along with sample applications and code that showcases usage of the platform. For more information, log on to www.panorama.com/powerapps.
About Panorama Software
Panorama Software empowers individuals and global organizations with the ability to rapidly analyze data, identify trends, maximize business opportunities and improve corporate performance and results through a complete SaaS and on-premise BI solution. Panorama® NovaView™, the company’s flagship solution, amplifies the impact of the information worker through a tightly integrated and complete suite of ‘on-premise’ analysis, reporting, scorecard, dashboard and data modeling applications that support the two leading data platforms, SAP (NYSE: SAP) and Microsoft (NASDAQ: MSFT). Panorama’s solution for Google applications empowers individuals and enterprises with the most intuitive and accessible SaaS-based BI solution. Founded in 1993, Panorama is a leading innovator in Online Analytical Processing (OLAP) and Multidimensional Expressions (MDX). Panorama sold its OLAP technology to Microsoft Corporation in 1996; the technology was rebranded as SQL ServerTM Analysis Services and integrated into the SQL ServerTM platform. Panorama supports over 1,000 customers worldwide in industries such as financial services, manufacturing, retail, healthcare, telecommunications and life sciences. Panorama has a wide eco-system of partners in 30 countries, and maintains offices throughout North America, EMEA and Asia. More information is available at www.panorama.com.
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Belinda Banks, 609-750-9110