Decisionism Inc. Closes Major Round of Financing; All Current Investors Participate; New Investor Is Added.BOULDER, Colo.--(BUSINESS WIRE)--June 28, 1999-- Decisionism Inc., a leading supplier of software and services for the rapid deployment of analytical applications and reporting solutions, has announced the successful completion of an additional $7.0 million round of financing in the form of Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". . Decisionism's previous institutional investors -- Hill Carman Ventures, Institutional Venture Partners, Mohr Davidow Ventures, Trinity Ventures Ltd., Norned by Rho Management Company. "We believens will ramp up steeply. We're looking forward to assisting the Company's continued growth and success." "Corporations are demanding a change in the paradigm of how analytical applications are created, deployed, managed and modified," said Gordon Rapkin, Decisionism's President and 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. . "Traditional custom development takes too long and requires too much dependence on scarce and expensive talent. Decisionism has responded by delivering a packaged, product-based solution that automates many of the costly labor-intensive steps, shortens the development cycle and improves the reliability of analytical applications. "This round of financing will provide the funds to launch our Decision Process Reengineering(TM) message and enter several new analytical application markets. We are gratified by the enthusiastic support from our investors and their shared vision of the potential for this business," Rapkin stated. Decisionism's flagship offering, Aclue Decision Supportware, is the only product that supports all three of the leading 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. platforms: Oracle Express(R) (Nasdaq:ORCL ORCL Oracle (stock symbol) ), Microsoft SQL Server A relational DBMS from Microsoft that is a major component of the Windows Server System. It is Microsoft's high-end client/server database and is closely integrated with Microsoft Visual Studio and the Microsoft Office System. (TM) 7.0 OLAP Services (Nasdaq:MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ), and Hyperion(R) Essbase(R) (Nasdaq: HYSL). Aclue enables the rapid creation, delivery, and management of analytical applications that share consistent, synchronized corporate data, and the product is rapidly gaining acceptance as the efficient way to deliver analytical applications. About Decisionism Headquartered in Boulder, Decisionism Inc. is focused on the mission of helping its customers to re-engineer their decision making processes using advanced OLAP technologies. Decisionism markets its product, Aclue Decision Supportware, to Fortune 1000 and mid-size organizations that are seeking to rapidly deliver analytical applications which require accurate, consistent, and timely information from across the enterprise. Decisionism customers span a variety of industries and include major sites such as Adlink, AirTouch International (NYSE NYSE See: New York Stock Exchange :ATI), Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. (NYSE:BAC), Circle International, Fluor Daniel (a subsidiary of Fluor, NYSE:FLR), Gilroy Foods (a division of ConAgra, NYSE:CAG CAG 1 Chronic atrophic gastritis 2 Coronary angiography, see there ), IBM (NYSE:IBM), Nissan Motor Co., Nordstrom (NASDAQ: NOBE) and U S WEST Information Technologies (NYSE:USW). Decisionism sells Aclue and its support, training and consulting services directly to end user organizations, and through selected value-added resellers, systems integrators and business partners. Decisionism is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. financed by a group of leading institutional venture capital investors. Additional information about the company and product is available from Decisionism's Web site, www.decisionism.com, or by calling (303) 938-8805. Decisionism is a registered trademark and Aclue and Decision Process Reengineering are trademarks of Decisionism Inc. Oracle and Oracle Express are registered trademarks of Oracle Corporation. Hyperion and Essbase are registered trademarks of Hyperion Solutions. Microsoft SQL Server is a trademark of Microsoft Corporation. |
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