CRYSTAL CHANGES NAME TO SEAGATE SOFTWARE, INFORMATION MANAGEMENT GROUP; Announces plans to expand Enterprise Business Intelligence offerings.VANCOUVER, British Columbia--(BUSINESS WIRE)--June 11, 1996-- Crystal, a wholly-owned subsidiary of Seagate Technology, Inc. (NYSE NYSE See: New York Stock Exchange :SEG n. 1. (Bot.) Sedge. 2. The gladen, and other species of Iris. 1. A castrated bull. ) and leading vendor of client/server database reporting software, Crystal Reports and Crystal Info, today announced that it is changing its name to Seagate Software, Information Management Group (IMG IMG International medical graduate, see there ). Seagate Software is a wholly-owned subsidiary of Seagate Technology, Inc. As part of Seagate Software, the Information Management Group will target the business intelligence market, expanding its range of industry standard query and reporting tools to provide complete, scaleable business intelligence offerings through in-house development, strategic partnerships and acquisitions. "The business intelligence market is very hot and is becoming increasingly mainstream, with some segments experiencing year-over-year growth of 100 per cent," said Howard Dresnor, vice president and Research director at the Gartner Group market research firm. Business intelligence is the ability to access and analyze information as required, and includes technologies such as query and reporting, executive information systems (EIS (1) (Executive Information System) An information system that consolidates and summarizes ongoing transactions within the organization. It provides top management with all the information it requires at all times from internal and external sources. ), decision support (DSS (1) (Digital Signature Standard) A National Security Administration standard for authenticating an electronic message. See RSA and digital signature. (2) (Digital Satellite S ), multidimensional analysis (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. ) and data mining. Independent market research firm International Data Corporation expects the combined EIS and OLAP market to double to $1.1 billion by the year 2000. "Our name change clearly demonstrates that we are committed to the enterprise business intelligence market," said Greg Kerfoot, president of Seagate Softwares Information Management Group. "Backed by the financial resources, worldwide distribution channel and proven track record of a Fortune 200 company, our goal is to aggressively deliver solutions to the business information issues faced by corporations today. "As the pressure to get decision-making information into the hands of end-users increases, organizations will draw on developer skills to deploy business intelligence applications throughout the enterprise," said Kerfoot. "The developer community can continue to rely on Seagate Software to evolve its best of breed Crystal reporting technology, providing tools to keep pace with the new demands of business intelligence development." Said Steve Luczo, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Seagate Software, "The rapidly expanding use of information in a digital form, has created demand for more than just the storage of data. To operate and compete globally, organizations are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. scaleable enterprise solutions that encompass storage, access and management of information as well as comprehensive business analysis and software support. Crystal, now Seagate Software, Information Management Group, with its established leadership in information access, management and delivery, provides an essential component to our overall strategy." Crystal Services, with its flagship report writer product, Crystal Reports, now in version 5.0, and its award-winning three-tier reporting system, Crystal Info, now in version 4.5, was acquired by Seagate Technology in 1994. Seagate Software, a wholly-owned subsidiary of Seagate Technology, Inc., develops tools and applications in the area of data management, including information management, reporting, network and systems management and storage management. Its industry leading software solutions are developed as integral components of a total data management product strategy supporting all major operating environments. Seagate Software has established strategic relationships with Microsoft, Novell, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , HP, and other industry pacesetters, and markets is products worldwide, through distributors, value-added resellers, system integrators, retailers, OEMs and large corporate users. Seagate Software, Inc. is headquartered in Scotts Valley, California Scotts Valley is a small city located in eastern Santa Cruz County, California, United States, about ten miles (16 km) south of San Jose and six miles (10 km) north of the beach in the upland slope of the Santa Cruz Mountains. As of the 2000 census, the city population was 11,385. and has facilities in Vancouver, British Colombia; Durham, North Carolina Durham is a city in the U.S. state of North Carolina. It is the county seat of Durham CountyGR6 and is the fourth-largest city in the state by population. ; Orlando, Florida; Naples, Florida; New Hampshire; San Luis Obispo, California San Luis Obispo (IPA: [sæn 'luɪs ə'bɪspoʊ]; Spanish for St. Louis, the Bishop) is a city in California, located roughly midway between San Francisco and Los Angeles on the Central Coast. ; Naperville, Illinois; Boston, Massachusetts; Maidenhead, England; Dusseldorf, Germany; and Paris, France. For more information on products, visit our homepage at http://www.img.seagatesoftware.com or call 1-800-877-2340 or 1-604-681-3435. -0- Note to Editors: Seagate and Seagate Technology are registered trademarks of Seagate Technology, Inc. Seagate Software is a trademark of Seagate Technology, Inc. Seagate Software Information Management Group, Crystal Reports, and Crystal Info, are trademarks or registered trademarks of Seagate Technology Inc, or one of its subsidiaries. All other trademarks and registered trademarks are property of their respective owners. CONTACT: SEAGATE SOFTWARE, INFORMATION MANAGEMENT GROUP Matt Dion, 604/893-6329 mattd@crystalinc.com Janine Crawford, 604/893-6392 janinec@crystalinc.com |
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