CXO Systems Announces the Release of CXO 3.0, the First 100% Web Services-based Executive Visibility System; Company Announces Enhanced Features and General Deployment of Major Customers.

Business Editors/High-Tech Writers

WALTHAM, Mass.--(BUSINESS WIRE)--July 28, 2003

CXO Systems announced today the availability of CXO 3.0, the first entirely Web Services-based executive dashboard for a one-touch, real-time view of enterprise information. CXO System 3.0 pulls and integrates information from operational and analytical systems, providing executives immediate access to the information they need to make powerful business decisions without new large investments in data warehousing, business intelligence or EAI tools.

Prior to CXO Systems, delivering a single and real-time view of enterprise information to senior management was impossible to achieve without a significant investment of resources, time and money. With CXO System 3.0, one touch views of the enterprise can be delivered to senior managers within weeks. The single software stack of CXO System 3.0 negates the need for EAI, data warehousing and business intelligence technologies for executive dashboards. Equally as important, with the new CXO Studio feature of 3.0, the system moves and changes as fast as a CXO end user, in that user views, metrics and data sources can be altered on the fly. The result is a system that can be implemented and can change at the speed of a CXO. With one-touch, real time views of their businesses provided by CXO System 3.0, senior manager end users spend their time "driving the numbers" instead of "searching for the numbers."

"There is a distinct market need for real-time business analytics and information monitoring," said Carl Lehmann, vice president of Enterprise Application Strategies at META Group. "Organizations are burdened with complex and costly integration issues that prevent the immediate delivery of information vital for monitoring key performance indicators. New technologies that leverage Web services can help solve this problem."

"We were looking for an executive dashboard that would enable us to more easily assess and make decisions based on timely business data," said Kevin Poulter, Application Technology Manager at British American Tobacco. "CXO Systems leverages Web services to connect information across the enterprise and enables our executives to have access to the information they need to make informed business decisions. CXO System 3.0 is the first cost-effective executive dashboard solution we've seen on the market."

Web Services provides the technology to make delivering distributed intelligence to the executive desktop seamless and cost effective. CXO System 3.0 reduces the cost of report generation by 70 percent by putting the power of dashboard reporting in the hands of business and IT managers. The CXO Studio enables business executives to customize and manage their own dashboards, and also gives executives the power of a database administrator in an easily digestible reporting format.

"The concept of 'distributing' has been applied to the network, the PC, and now we have applied it to business intelligence," said Alok Batra, vice president of engineering at CXO Systems. "CXO System 3.0 distributes intelligence across the enterprise; business users are now able to get a real-time view of their business, without a data warehouse."

The CXO Systems dashboard enables business executives to set metrics and optics daily, rather than quarterly or yearly, enabling better management of each function within the enterprise and ensuring that goals and timelines are met.

Key functionality and features of CXO System 3.0 include:

-- Run-time and any-time reporting - CXO's dashboard presentation server makes information displaying and consumption immediate, ensuring the most relevant information is reported to business executives;

-- One-touch enterprise view of information - The ability for senior managers to design and run reports in a repeatable dashboard framework. Using the CXO Studio, any business user can become a report generator and gain a view of their data as they want it and how they want it;

-- Alerts and Displays - The system can alert business executives when certain events are triggered, such as missed deadlines for customer deliverables or financial developments;

-- Business Information Networks (BIN's) - BIN's are those particular data and information elements executives need to effectively run an organization. CXO Systems leverages Web Services to create a Universal Information Network for the enterprise by creating BINs that can be monitored by the executives.

-- Network Intelligence Building - CXO System 3.0 provides a backend data aggregating and assimilating layer technology called the Network Builder. The Network is a service that the developer can use to extract and speed the exporting of XML-based data utilizing WSDL and SOAP.

-- Metrics Modeling - Utilizing the CXO System 3.0 Metrics Modeler, business managers and their associates can now easily create and alter business dashboards. This zero programming interface ensures users the ability to create their own reports in real-time.

"CXO System 3.0 represents the power of Web Services for the enterprise and is the first real application to result from Web services," said Malcolm Frank, CEO of CXO Systems. "We're already seeing dramatic market interest in our solution because we are addressing the most important aspects of business today: overall corporate performance management and governance and increasing operational excellence. By giving executives greater visibility into enterprise information, CXO System 3.0 ensures that today's business decisions are based on real-time information."

Pricing and availability

CXO System 3.0 is available immediately and pricing is available upon request.

For more information on CXO System 3.0 please visit www.CXOSystems.com.

About CXO Systems

CXO Systems is the first Web-Services based business application provider for executives. The company is focused upon providing large and growing organizations with a one-touch view of business operations through its patent-pending Visibility System and CXO Dashboard offerings. Combining distributed intelligence and seamless integration the company offers a Zero Data Warehousing footprint, enabling organizations to leverage their existing investments made in Business Intelligence and Enterprise Application Integration, and gain new levels of Business Visibility for senior management. CXO Systems is headquartered in Waltham, Massachusetts with development centers in Sunnyvale, California, and Pune, India. For more information, please visit www.CXOSystems.com.