Insightful Corporation Officially Changes Name From MathSoft, Inc.; Shareholders Approve Company Name Change.Business Editors/High-Tech Writers SEATTLE--(BUSINESS WIRE)--June 15, 2001 Insightful Corporation (Nasdaq:IFUL), a leading provider of scalable enterprise software solutions for data analysis, today announced shareholder approval of its name change to Insightful Corporation from MathSoft, Inc. To focus on the quickly growing data analysis market and to provide the best opportunity to deliver long-term shareholder value, the company sold its Engineering and Education Products Division (EEPD) in January 2001 and has been doing business as Insightful. "The establishment of Insightful enabled us to re-focus our resources and capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. our core strengths in data analysis in order to tap into the growing market for predictive analysis, data mining and business intelligence," said Shawn Javid, 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. of Insightful. "We have been able to accomplish this goal, posting a record first quarter in 2001. We continue to attract blue chip customers from across our core vertical markets. Businesses choose Insightful software because it creates intelligence from data, so people across the enterprise can make better decisions, react faster to changes and opportunities and predict trends." Following the sale of the EEPD Division, Insightful Corp. focused on providing enterprises with scalable data analysis solutions that drive better decisions faster by revealing patterns, trends and relationships. Insightful's success is evidenced by the opening of its New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. office, the launch of S-PLUS Analytic an·a·lyt·ic or an·a·lyt·i·cal adj. 1. Of or relating to analysis or analytics. 2. Expert in or using analysis, especially one who thinks in a logical manner. 3. Psychoanalytic. Server and profitable growth during the first quarter of 2001. Insightful reported revenues of $15.2 million in 2000. All proposals put to shareholder vote on June 7, 2001 at the company's annual meeting were approved per the directors' recommendations. For details see: www.insightful.com/investor. ABOUT INSIGHTFUL Insightful Corporation (Nasdaq:IFUL) provides enterprises with scalable data analysis solutions that drive better decisions faster by revealing patterns, trends and relationships. The company is a leading supplier of software and services for statistics, data mining and predictive analysis deployed via desktop, client/server and Web-based applications See Web application. . Insightful's products, including S-PLUS(R), StatServer(R) and S-PLUS Analytic Server(TM), play a key role in data warehousing See data warehouse. data warehousing - data warehouse and business intelligence initiatives because they supply analytics that effectively convert raw data into insight. Insightful also provides analytic consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" , application development outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. , data integration and hands-on training ranging from the fundamentals of predictive modeling to deployment of Web-based analytics. Insightful customers include major financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , biotechnology, pharmaceutical, technology manufacturing and telecom firms throughout the world, in addition to a large number of research institutions in government and academia. The company has 150 employees, with corporate offices in Seattle, New York City and Bagshot, England, plus international distributors. More information about Insightful Corporation is available at www.insightful.com, at 206/283-8802, by fax at 206/283-8691 or at 1700 Westlake Ave N, Suite 500, Seattle, WA 98109. |
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