CXO Systems Launches Operations in India; New Office Extends Research & Development of Leading Web Services Based Executive Visibility Software Provider.

Business Editors/High-Tech Writers

WALTHAM, Mass.--(BUSINESS WIRE)--Aug. 26, 2003

CXO Systems, a leading provider of Web services-based one-touch, real time executive visibility systems, announced today the establishment of an office in Pune, India that will serve as a center of research and development for CXO's distributed intelligence based executive dashboard solutions.

The new office will provide the resources CXO needs to advance their solution, CXO System 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 large new investments in data warehousing, business intelligence or EAI tools.

"CXO 3.0 delivers key business information to the fingertips of executives without the need for costly investments in data warehousing by utilizing Web services to leverage existing assets," said Alok Batra, vice president of engineering, CXO Systems. "Our development center in Pune will drive the kind of innovation we are already delivering in CXO 3.0 by enabling us to fine tune our approach, bringing to market increasingly ground-breaking solutions that address the many frustrations in current business intelligence, dashboard and data warehousing offerings that do not address executive needs."

Key innovations in CXO System 3.0 include a Universal Information Network for the enterprise created by Business Information Networks (BINs) - those specific data and information elements executives need to effectively run an organization - and a zero data warehousing footprint that is able to connect existing data warehouses or store and design a business process and information architecture that reduces latency, decreases costs and increases the velocity of information.

The Pune location is in addition to CXO Systems' headquarters in Waltham, Massachusetts along with another development office in Sunnyvale, California.

"Establishing an offshore presence in India is no longer about just gaining economies of scale but standard industry best practice," said Stan Lepeak, Vice President, the META Group. "By taking this step, a firm can not only keep operating costs low but will tap into the wealth of talent in that area of the world to continue to deliver innovation."

"The Pune office super charges the development efforts for CXO Systems by creating an additional site for technology leadership," said Abhay Patil, director of Pune operations, CXO Systems. "With the Sunnyvale office, the team in India brings to the organization a group of talented engineers who have a common goal to add fuel to the development behind CXO's executive dashboard and drive the great success CXO has already shown in the market place with customers like British American Tobacco."

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.