Datawatch Introduces V7 of Monarch, Industry-Leading Report Mining and Analytic Software.

Business Editors/High-Tech Writers

LAS VEGAS--(BUSINESS WIRE)--May 20, 2003

Monarch V7 Delivers Data Access And Business Intelligence

To The 90 Percent Of Knowledge Workers Shut Out

By The Over Complexity Of Other Analytical Solutions

Datawatch Corporation (NASDAQ: DWCH), a leading provider of business intelligence and IT support solutions, today released Monarch Version 7.0, an analytics and report mining application that matches the intuitive skills of most end users. Available in Standard and Professional Editions, Monarch V7 debuted publicly this week at the 2003 Datawatch User Conference in Las Vegas.

Monarch is the industry-leading analytics tool (over 400,000 copies sold) that allows PC users to easily extract, analyze and export data from any existing computer-generated report and other data sources without programming. Monarch Standard Edition uses reports as a source of data, while Monarch Professional Edition uses reports and adds the ability to import and combine data from other sources including databases, spreadsheets, ODBC data sources and HTML files.

The BI Tool For Everyone In The Enterprise

"One of the least-addressed inefficiencies of BI tools is that many are entirely too complex to use without costly customization and extensive end user training. In that regard, Monarch V7 is the business intelligence and analysis tool for the rest of us," said John Kitchen, Datawatch's senior vice president of Desktop and Server Solutions. "It is precisely because of Monarch's ease of use and intuitive interface -- no programming or database expertise required -- that the software has been licensed by over 95 percent of the Fortune 500. Most business users have specific reporting and analysis requirements that do not require complex database queries or BI applications. Monarch strikes the best balance between BI features and common end user requirements."

Key New Features and Enhancements in Monarch V7 Standard and Professional Editions

-- Improved Performance - Monarch V7 works with those report

files even larger than 2 GB. Plus, Monarch V7's maximum data

capacity has more than doubled.

-- New Data Capture Capabilities - Monarch V7 makes it easier to

capture data then ever before. For example, Monarch makes it

easy to capture all of the data in multi-column reports, such

as name and address lists, customer statements, etc., in one

session. The new Interactive Report View and Verify feature

lets users view the results of their data capture model

interactively, as they build it. New case-sensitive traps are

a great aid in capturing data buried within complex reports.

-- New Data Analysis Capabilities - Monarch V7 has 18 new and

improved calculated field functions (including new Julian date 

functions) to manipulate text, dates and numeric values

quickly and easily. Duplicate Value Filtering provides

auditors and accountants the ability to easily mine duplicate

payment amounts, as well as identify data for which no

duplicates exist. Other improvements include an improved

Calculated Field Expression Editor.

-- Improved Summary View Features - Monarch V7 provides much more

summary capabilities. Users can create their own summary-level

measures, using a wide variety of new Summary Aggregations,

plus arithmetic operators, parentheses and numeric values,

enabling "What-If" analysis, and to produce whatever

summarized data they require. Improved summary field

formatting, including new font styles (bold, italic,

underline), enable the customized look each user prefers.

-- New Data Exporting Capabilities - Monarch V7 offers a new

Export Wizard that allows users to export all filters and/or

all summaries to Excel, Access, etc., at one time. Users can

now choose to export their data as separate files in one

folder, or as multiple tables within one file.

-- New Model and Project Information Viewing - Monarch V7 makes

it much easier for users to view Monarch model and project

information. Users can see all information contained in the

model and/or project in one easy view. Models and projects can

also be saved in XML format, so that they become

self-documenting.

Key New Features and Enhancements in Monarch V7 Professional Edition

-- Improved Data Import Capabilities - Monarch V7 Professional

provides vastly expanded capabilities to import and lookup

data in virtually any data source, without programming. Users

can now define lookups ("left outer join") to up to nine

different data sources in one session - previous versions of

Monarch Pro allowed only one lookup. V7 also allows users to

link a new data source to any other previously defined data

source.

-- Improved Data Filtering Capabilities - Monarch V7 Pro makes it

much easier and faster to import the data users need by

providing the ability to specify a data filter on external

data sources including ODBC, Access, Excel files, etc., in

place of importing the entire contents of a specified data

source. Monarch V7 Pro also displays sample data from external

database much faster than before, making it even easier for

users to import.

-- New Project Export Capabilities - Monarch V7 Pro allows users

to build a list of Export Jobs that can be saved as one or

more "Project Exports." One or all Export Jobs can be run with

just one click, or run at the Command Line level.

"By far, Monarch is the easiest to use report mining application. It allows me to quickly access the report data I need, create new reports and summaries, export those to Excel and other applications, and conduct the business analysis required by my customers," said Tom Whiteside, an independent finance and accounting consultant whose clients have included Airtouch, Ingram-Micro, Baxter Health Care, BAX Global, and Toshiba. "With other BI tools, I've found cost and complexity would spiral, beginning with IT setup against databases, customizing the features and interfaces, and essentially learning how to use a new application. With Monarch, users can work with it right out of the box, especially if they have any experience with Excel."

"We have been using Monarch for many years and have integrated it into our healthcare management consulting practice in a variety of areas including operations improvement, revenue cycle management, audits, data modeling/prototyping, business intelligence reporting and data warehousing. If a client does not have Monarch, we generally recommend that they purchase it prior to the completion of our engagement," said Richard Ouellette, president and CEO of systems integrator Management Decision Systems, Inc. "The new Monarch Version 7 certainly enhances the product's capabilities. Simply stated, we view Monarch as a versatile Swiss army knife for acquiring data and transforming it into meaningful information."

REQUIREMENTS AND COMPATIBILITY

Monarch V7 Standard and Professional Editions require Windows 98, Windows 2000, Windows NT 4.0+, Windows ME or Windows XP. Upgrading is easy: both Editions install in minutes and read model files created with earlier versions of Monarch.

PRICING AND AVAILABILITY

Monarch V7 Standard and V7 Professional Editions are available immediately. Monarch V7 Standard Edition's list price is $635 for a single user and $1,945 for a network of four users. Monarch V7 Professional Edition's list price is $765 for a single user and $2,365 for a network of four users. A single user upgrade from V6 Standard Edition to V7 Standard Edition is $169. A single user upgrade from V6 Standard Edition to V7 Pro Edition is $279. A single user upgrade from V6 Pro Edition to V7 Pro Edition is $169. Monarch is available through leading resellers and by calling Datawatch directly at 800-445-3311.

ABOUT DATAWATCH CORPORATION

Datawatch Corporation is a leading provider of business intelligence and IT support solutions that help organizations increase productivity, reduce costs and gain competitive advantage. Datawatch products are used in more than 20,000 companies, institutions and government agencies worldwide.

Datawatch works with VARs, integrators, consultants and independent software vendors who sell and support Datawatch products. In addition, Datawatch works with OEM customers who embed Datawatch components and technologies in their own solutions. The corporate address for Datawatch is 175 Cabot Street, Suite 503, Lowell, MA 01854-3633; telephone [phone], fax [phone]; http://www.datawatch.com.