CorVu Corporation and Progress Software Corporation Announce Agreement to Provide Business Intelligence Solutions to Progress-Based Customers.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Feb. 7, 2000 Progress Software To Sell and Support CorVu Products to Meet the Business Intelligence and Performance Management needs of its User Community CorVu Corporation (Nasdaq OTCBB OTCBB See OTC Bulletin Board (OTCBB). :&uot;CRVUE&uot;), a leading provider of Enterprise Business Performance Management, e-Business Intelligence, and Balanced Scorecard Balanced Scorecard A performance metric used in strategic management to identify and improve various internal functions and their resulting external outcomes. The balanced scorecard attempts to measure and provide feedback to organizations in order to assist in implementing solutions, and Progress Software, a leading supplier of application development, deployment and management products and services, announced today the signing of a reseller agreement. In North, Central and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Progress Software will offer CorVu's CorBusiness and CorManage products as key components of its Business Intelligence product strategy. The CorVu products will be sold by the Progress Software sales force to their direct customers and will also be integrated and re-distributed by Progress Software resellers. This reseller relationship enables Progress Software to offer its users and resellers a complete business intelligence solution. Through the use of CorVu solutions Progress Software customers will be able to unlock the competitive power of their Progress(R)-based data assets and make faster, more informed business decisions. &uot;We are very excited about our reseller agreement with Progress Software. Over the last several years, we have demonstrated our dedication to the Progress Software community with end-to-end business intelligence and performance management solutions. CorVu has provided direct native access to the Progress(R) RDBMS (Relational DataBase Management System) See relational database and DBMS. RDBMS - relational database (TM) database since version 6.0. Now Progress Software has chosen our best-of-class analytic applications Analytic Applications are a type of business application software, used to measure and improve the performance of business operations. More specifically, Analytic Applications are a type of Business Intelligence solution. as an integral part of their Business Intelligence offering. We believe this agreement represents a significant opportunity for both parties,&uot; said Justin MacIntosh, 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 CorVu. &uot;We were very impressed with the way CorVu empowers business users with the ability to analyze data and leverage the information assets now stored in over 100,000 Progress databases worldwide,&uot; said David Ireland David Neil Ireland (born 24 August, 1927) is an Australian novelist. David Ireland was born in Lakemba in New South Wales in 1927. Before taking up full-time writing in 1973 he undertook the classic writer's apprenticeship by working in a variety of jobs ranging from , vice president and general manager of field operations for Progress Software Corporation. &uot;CorVu is complimentary to our BI strategy and reporting solutions for our partners and customers.&uot; CorVu Solutions CorBusiness is designed to meet users business intelligence needs with end-user query and reporting, 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. analysis and executive dashboards. It enables customers to drill down into their transactional data to discover business trends, run ad hoc queries A non-standard inquiry. An ad hoc query is created to obtain information as the need arises. Contrast with a query that is predefined and routinely performed. See query and ad hoc. and test business plans prior to implementation. CorManage is designed to satisfy mission-critical Business Performance Management requirements by combining CorBusiness with a comprehensive automated Balanced Scorecard offering. It allows customers to measure, analyze, plan and manage financial and operational performance at all levels. The CorVu products may be deployed either via standard client/server or the Internet. In addition, Progress Software will provide support and services for CorVu applications. Availability Sold and supported by Progress Software, CorVu's CorBusiness and CorManage for Progress Version 7, 8, and 9 are available immediately. Please contact Progress Software for more information at www.progress.com or +1-781-280-4000. About Progress Software Progress Software Corporation is a global supplier of software products and services for developing, deploying and managing business solutions across all computing and network environments. Our products, which are installed in over 60% of Fortune 100 companies, include application servers, databases, development tools and application management products for Internet/Web, extranet and intranet applications. Our customers operate in 100 countries, are supported by more than 1,300 employees worldwide, and deploy annually over $2 billion in Progress-based applications built by more than 2,000 independent software vendors (ISVs). For more information, visit www.progress.com or +1-781-280-4000. About CorVu Corporation Corporation CorVu (Nasdaq OTCBB:&uot;CRVUE&uot;) is a leading global provider of Enterprise Business Performance Management, Balanced Scorecard Solutions and e-Business Intelligence solutions. Combining OLAP query and reporting, executive dashboard alerts, forecasting, and Balanced Scorecard applications, CorVu provides a complete Enterprise Business Performance Management solution. CorVu has U.S. offices in Minneapolis, Atlanta, Boston, Chicago, Cincinnati, Dallas, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , 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 , San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , and Washington D.C.; Asia Pacific offices in Sydney, Auckland, Melbourne, Brisbane and Perth; and European offices in London, Munich, Rotterdam, Sheffield and Stockholm. With more than 2500 customers, including companies such as Datacard, Mincom, Prudential, Sara Lee
Sara Lee Corporation (NYSE: SLE) is a global consumer-goods company based in Downers Grove, Illinois, USA. , Unisys, Ford Motor Company and British Airways British Airways in full British Airways PLC International passenger airline based in London. In 1936 British Airways Ltd. was founded through the merger of three smaller airlines. , CorVu's Enterprise Business Performance Management and Balanced Scorecard solutions are gaining broad market acceptance. Additional information about CorVu products and services can be found on CorVu's web site at http://www.corvu.com or call (800) 610-0769. NOTE TO EDITORS: CorVu is a registered trademark of CorVu Corporation. Progress is a registered trademark of Progress Software Corporation. All and other products of Progress Software referenced herein are trademarks of Progress Software Corporation. All other trademarks are the properties of their respective companies. |
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