Chelmsford, MA and San Carlos, CA — February 19, 2014 — Datawatch Corporation (NASDAQ-CM: DWCH), a leading provider of visual data discovery solutions, today announced a new global strategic alliance with MarkLogic Corporation, the leading Enterprise NoSQL database platform. The combination of technologies created by this partnership for the first time enables the value of all enterprise data–including streaming real-time sources–to be exploited. With it, organizations can store, access and visualize massive amounts of data, from any source and in any format, in order to make better informed business decisions and create scalable, new generation applications to drive revenue, streamline operations, and mitigate risk.
The initial focus of the partnership will be in the areas of financial services, public sector, healthcare and energy. These industries are on the leading edge of using non-traditional sources of data to gain a 360 degree view of their business. These new jointly developed solutions will transform how information is leveraged within enterprises, enabling a broad-base of self-service business users to create their own personal perspectives on all data–structured and unstructured, stored and streamed, and from inside and outside the organization.
Michael Morrison, president and chief executive officer of Datawatch said, “In this new era of Big Data computing, it’s critical that companies look to every source of information–structured, unstructured, and streaming real-time sources–to optimize the performance of their business. In order to deliver these capabilities it is critical for industry leaders like Datawatch and MarkLogic to combine the power of their platforms to deliver next generation analytical solutions. We believe that this partnership will be a transformative event for our customers and the industry overall.”
“As Big Data evolves and enterprises begin to seek ways to monetize all of their data assets, they are finding that relational database technologies can’t keep pace with the needs of today’s business requirements,” said Gary Bloom, president and chief executive officer, MarkLogic. “By combining MarkLogic’s Enterprise NoSQL database and Datawatch’s real-time visual data discovery technology, we deliver new opportunities for organizations to turn massive amounts of data, in any structure, streaming at real-time velocity, into valuable and actionable information that can be used for competitive differentiation and better decisions.”
Datawatch and MarkLogic are working together to establish a dedicated Center of Excellence that will showcase the value of solutions developed as part of this partnership and to highlight the unique differentiation of these solutions from traditional analytical approaches. For more information about Datawatch please visit our website at www.datawatch.com or to learn more about Marklogic connect to marklogic.orbit-websites.com.
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; risks associated with acquisitions, including the recent acquisition of intellectual property from Math Strategies and the acquisition of Panopticon; 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 next generation analytics in particular; Datawatch’s dependence on its principal products, proprietary software technology and software licensed from third parties; risks associated with international sales and operations; risks associated with indirect distribution channels and co-marketing arrangements, many of which were only recently established; the adequacy of Datawatch’s sales returns reserve; risks associated with a subscription sales model; 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, 2013. Any forward-looking statements should be considered in light of those factors.
Datawatch Corporation (NASDAQ-CM: DWCH) provides visual data discovery software that optimizes any data–regardless of its variety, volume, or velocity–delivering next generation analytics to reveal valuable insights for improving business. Its unique ability to integrate structured, unstructured, and semi-structured sources like reports, PDF files and EDI streams with real-time streaming data into visually rich analytic applications allows users to dynamically discover key factors that impact any operational aspect of their business. This ability to perform visual discovery against any data sets Datawatch apart in the big data and visualization markets. Organizations of every size, worldwide use Datawatch products, including 99 of the Fortune 100. Datawatch is headquartered in Chelmsford, Massachusetts with offices in New York, London, Munich, Stockholm, Singapore, Sydney and Manila, and with partners and customers in more than 100 countries worldwide. See the Whole Story for yourself by downloading the free trial at www.datawatch.com/trial.
MarkLogic helps customers create value from complex data faster. Our platform ingests data from any source, creating and refining metadata to support powerful models. Customers use these models for deep search and query, building enterprise applications and bringing unique insights to analytics and machine learning.
Vector Capital is a San Francisco-based leading global private equity firm focused on transformative investments in technology and technology-enabled businesses. Founded in 1997, Vector oversees approximately $4 billion of capital across its private equity and credit strategies from a variety of investors including university endowments, foundations, and financial institutions. With our disciplined approach to valuation and deep-rooted operational experience, Vector has generated competitive returns and established a successful track record spanning nearly 25 years. For more information, please visit www.vectorcapital.com.