Business Objects Announces Data Mining Partnership With Right Information Systems; Leading Decision Support Tools Vendor Partners with Right Information Systems to Provide Customers with Link Between BusinessObjects and 4Tune.CUPERTINO Cu·per·ti·no A city of western California west of San Jose. It has an electronics industry. Population: 50,000. , Calif.--(BUSINESS WIRE)--May 20, 1996--Business Objects (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BOBJY), the world's leading provider of integrated query, reporting, and online analytical processing Online Analytical Processing, or OLAP (IPA: /ˈoʊlæp/), is an approach to quickly provide answers to analytical queries that are multidimensional in nature. (OLAP (OnLine Analytical Processing) Decision support software that allows the user to quickly analyze information that has been summarized into multidimensional views and hierarchies. OLAP tools are used to perform trend analysis on sales and financial information. ) tools, today announced a partnership with Right Information Systems. Right Information Systems joins Business Objects Open Data Mining Initiative partner program, and Business Objects will provide mutual customers with a link between the companies' two products that will allow customers to launch Right Information Systems' product 4Tune from within BusinessObjects A query, reporting and analysis suite of tools from Business Objects that runs under all versions of Windows and various Unix clients. It is the leading decision support tool in the business intelligence market, providing access to a wide variety of databases, including Oracle, INFORMIX . This link is available immediately, and will be provided through Business Objects to customers at no charge. One-button integration with Right Information Systems will now make it easier than ever for users to combine the benefits of data mining with the powerful query, reporting, and OLAP abilities of BusinessObjects. Data mining extends customers' decision-support capabilities by helping users to discover hidden trends and relationships in their data and to make predictions using that information. Right Information Systems' product 4Tune is a Windows 3.1, 95, and NT application that offers analysis and forecasting capabilities. 4Tune enables users to gain insights, explanations and outlooks on critical data. Users typically use 4Tune for sales forecasting Sales forecast A key input to a firm's financial planning process. External sales forecasts are based on historical experience, statistical analysis, and consideration of various macroeconomic factors. , performance benchmarking, marketing and pricing analysis, and cost analysis. "We are pleased to be partnering with Right Information Systems, and to offer our customers the ability to connect to 4Tune through BusinessObjects," said Bernard Liautaud Bernard Liautaud is chairman and chief strategy officer of Business Objects. Liautaud cofounded Business Objects in 1990 and was chief executive officer until September 2005. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Business Objects. "Our partnership will allow customers to take advantage of BusinessObjects for integrated query, reporting, and OLAP, and 4Tune for data mining functions such as modeling and forecasting." "Business Objects is a recognized leader in innovative data management, so we are delighted to work with them and their customers around the world," said Dr. Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a Hoptroff, president and CEO, Right Information Systems. "4Tune will transform the way people interpret data, dramatically leveraging the high quality and value of BusinessObjects. Partnering with Business Objects enables us to provide our new and existing customers with a best-of-breed solution." About Right Information Systems Right Information Systems was founded in March 1990 with the aim of providing state-of-the-art analysis and forecasting technology to business people. It has twelve staff and has offices in Newburyport, Mass., and London, England. It generates US $1M annually from its 4Thought product, intended for business modeling experts, and recently released 4Tune, the modeling and forecasting product for business people without specific statistical skills. About Business Objects Business Objects (NASDAQ:BOBJY) is the world's leading supplier of integrated query, reporting, and OLAP tools. The company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , BusinessObjects, provides mainstream business users with access to information stored in corporate databases, data warehouses, and packaged applications. The company pioneered the market for business-intelligent decision support tools in 1990 by introducing the first product to use a "semantic layer Semantic Layer The semantic layer is a business representation of corporate data that helps end users access data autonomously using common business terms. Developed and patented by Business Objects, it maps complex data into familiar business terms such as product, " to map complex database schemas The definition of a database. It defines the structure and content in each data element within the structure. Schemas are often designed with visual modeling tools that automatically create the SQL code necessary to define the table structures. See subschema and XML schema. to a business representation understandable by non-technical end users. Business Objects generated over $60M in revenue in 1995, concluding its fifth consecutive year of more than 100 percent revenue growth. BusinessObjects has been licensed in more than 50 countries to over 2,900 customer sites and 160,000 users worldwide. Business Objects partners with more than 350 leading third-party vendors. More information on Business Objects can be found on the World Wide Web at http://www.businessobjects.com. -0- Note to Editors: BusinessOjbects is a trademark of Business Objects S.A. Other company and product names may be trademarks of the respective companies with which they are associated. Inquiries for Business Objects product information should call: 800/527-0580 or contact the company through the Web at http:\\www.businessobjects.com. See other releases today on Business Objects data mining partnerships. CONTACT: Business Objects Tracy Eiler or Miriam Standish, 408/973-9300 teiler@busobj.com mstandis@busobj.com or Blanc & Otus Danielle Dawson, 415/512-0500 ddawson@bando.com |
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