CMS and Yankelovich Partners Form Strategic Alliance to Deliver New Information-based Marketing Services; "Living Cube" First Tool to Integrate Attitudinal Research with Behavioral Data for Dynamic Customer Management.CHICAGO--(BUSINESS WIRE)--July 15, 1996--Customer Management Services (CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. ), an advanced database marketing company, and Yankelovich Partners Inc., the recognized leader in custom segmentation research, today announced a strategic alliance that will leverage the two companies' unique strengths to deliver new information-based marketing services that, for the first time, merge attitudinal research with behavioral behavioral pertaining to behavior. behavioral disorders see vice. behavioral seizure see psychomotor seizure. data. The companies also introduced today The Living Cube(SM), the first new service offering resulting from the alliance. The announcement will be made at the annual National Center for Database Marketing (NCDM NCDM National Center for Database Marketing NCDM National Center for Data Mining ) conference in Chicago this week. CMS, based in Chapel Hill, N.C., is known for its comprehensive services including database management, modeling, and targeted communications program Software that manages the transmission of data between computers, typically via modem and the serial port. Such programs were very popular for connecting to BBSs before the Internet took off. design and tracking, all aimed at providing marketers with a competitive advantage and maximizing customer value. Yankelovich Partners, of Norwalk, Conn., has been a pioneer of social research since the 1950s, and offers custom consumer and business-to-business strategic market research, public opinion polling, the Yankelovich MONITOR(R) annual consumer survey, and syndicated research studies. Both firms realized the need to close the gap between finding answers to the "who," "when," and "how" questions of behavioral modeling In behavioral system theory and in dynamic systems modeling, a behavioral model reproduces the required behavior of the original (analyzed) system such as there is a one-to-one correspondence between the behavior of the original system and the simulated system. (CMS' strength) and the "why" questions answered through attitudinal research and segmentation studies (Yankelovich Partners' strength). "We have found CMS to have the most sophisticated behavioral modeling and database management capabilities," said John Struck, 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 Yankelovich Partners. "Equally important, they share our quest to provide the very best insights and marketing solutions to our clients. We believe that together CMS and Yankelovich have a service offering that clearly exceeds what has been available in the industry to date. We know our clients will be extremely interested in this alliance," he said. The companies will work with existing and new clients in a team approach to deliver the optimal blend of services to meet the client's objectives, beginning with applications of The Living Cube, which is a synthesis of CMS' Living Model(SM) and Yankelovich Partners' Strategic Cube(TM) methodology. "Now we can paint a much more complete picture of our clients' customers than was possible before," said Tim Toben, president of CMS. "Now we can see -- and, more important, anticipate -- customer motivations and behavior patterns of the millions of individuals that make up a client's business, that can make or break their competitive position and profitability. We believe The Living Cube represents for our clients virtually millions of dollars of new insight, opportunity and profit," he said. CMS' Living Model is a proprietary tool for capturing and monitoring behavioral data Living Models are continuously updated based on changes in individual customer behavior and to reflect any marketing actions carried out with target customers. The Living Model has been become a primary tool for retaining customers and gaining additional business for clients in fast-changing industries such as telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . The Strategic Cube methodology from Yankelovich Partners models customer attitudes, motivations and perceptions, producing clear insights on the positioning of a client's company, brands and products. Linked with CMS' Living Model, this attitudinal data becomes part of a dynamic segmentation (Data West Research Agency definition: see GIS glossary.) A GIS function for modeling linear features in highway applications such as accident analysis and pavement management. The process has the ability to compute locations of events on linear features at run time (or dynamically) in tool that accurately reflects changes in the marketplace and guides decision-making decision-making, n the process of coming to a conclusion or making a judgment. decision-making, evidence-based, n a type of informal decision-making that combines clinical expertise, patient concerns, and evidence gathered from . The CMS/Yankelovich Partners strategic alliance was facilitated through the companies' common relationship with private New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of investment firm Wand Partners Inc. Wand Partners' portfolio is focused on growing companies in the intelligent marketing services industry. Wand is a minority investor in CMS and a majority investor in Yankelovich Partners, with additional investments in Neodata Services, Nestor, and Information Management Associates (IMA (Interactive Multimedia Association, Annapolis, MD) An earlier trade association founded in 1988 originally as the Interactive Video Industry Association. It provided an open process for adopting existing technologies and was involved in subjects such as networked services, scripting ). Founded in 1991, CMS manages customer relationships and targeted marketing strategies for over 40 database marketing clients in the telecommunications, wireless, utilities, financial services, consumer products, cable, and travel and leisure industries. CMS' Web site address is http://www.cmsnet.com. Yankelovich Partners Inc. is one of the world's premier marketing research and consulting organizations with a diverse client list and experience in many industries. Yankelovich Partners has offices in Atlanta, Claremont, Calif., Dallas, New York, and Washington D.C. Web site address: http://www.yankelovich.com. CONTACT: Brodeur & Partners Janet Swaysland, 919/873-0938 |
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