Kalido Wins Corporate Venturing Award in UK's Prestigious National Business Awards.Business Editors/High-Tech Writers BURLINGTON, Mass. & LONDON--(BUSINESS WIRE)--Nov. 12, 2003 Kalido, the leading data warehouse lifecycle management (DWLM DWLM Data Warehouse Lifecycle Management ) software provider, has won the Corporate Venturing Award, sponsored by Edengene as part of the prestigious National Business Awards 2003 in the UK. Kalido beat off stiff competition and received its 'Business Oscar' before an audience of around 1,300 business leaders and VIPs at a London gala reception. There were over 1900 nominations for this year's event, created by the publishing and events company Quest Media to recognize and reward commercial success, innovation and ethics in the UK business community. The winners and finalists are listed on: http://www.thenationalbusinessawards.com/pages/roll_of_honour_2003.htm Kalido's unique DWLM software - the KALIDO(R) DWLM Suite - saves major companies millions of dollars by providing them with timely and consolidated management information. Even throughout organizational change, business users can easily track and manage their company's performance and speed financial reporting. The company's software was born out of research into data modeling undertaken at the Royal Dutch / Shell Group (Shell) in the mid 1990s. Following a working prototype, Kalido's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , the KALIDO(R) Dynamic Information Warehouse(TM) was produced in 1997. This was an immediate success as it allowed business managers unprecedented depth of analysis into products, channels and customers and was quickly rolled out across Shell Lubricants lubricants preparations for the lubrication of passages to reduce frictional injury, e.g. oily preparations, including petroleum jelly, lanolin or water-soluble preparations such as methyl cellulose. . Andy Hayler Andy Hayler, data warehousing innovator, entrepreneur, writer, and food critic, is known for leading the creation of the dynamic data warehousing architecture within Royal Dutch Shell that he later commercialized as the KALIDO Active Information Management software product of , Kalido's founder and chief strategist, wrote a business plan to commercialize the software in late 1997, which was mostly financed through revenue generated from business at Shell. By 2000, Unilever Foods became the first external customer, joined over the next three years by large organizations such as BP Lubricants, Cadbury Schweppes Cadbury Schweppes plc is a confectionery and beverage company with its headquarters in Berkeley Square, London, England, UK. Cadbury Schweppes is currently the only major international confectionery manufacturer to produce Fairtrade or organic products, which it sells through its , HBOS HBOS Halifax Bank of Scotland plc, Intelsat, Philips and United Co-op. In July 2003, Kalido raised substantial funds from two leading IT venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , Atlas Venture Atlas Venture is an international early-stage venture capital firm that invests in communications, information technology, and life sciences companies. Atlas Venture has investing offices in Boston, London, Munich, and Paris, and its investments are evenly divided between the and Benchmark Capital Benchmark Capital is a venture capital firm responsible for the early stage funding of some very successful startups, including eBay. In 1995, the firm invested $6.7 million in eBay, which became worth more than $5 billion by the spring of 1999 and resulted in one of Silicon , and is now a privately-held software company with operations in the US, UK and France. The technology, awarded a UK patent in May 2003, has initially been applied in the field of data warehousing See data warehouse. data warehousing - data warehouse in a market that is potentially worth more than $4.5 billion by 2007, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. IDC. This is the second largest growth area in technology after security. As part of its strategy to expand its offering within the data warehouse market, Kalido has entered a strategic alliance with Business Objects, the world's leading provider of business intelligence solutions, as announced on 11 November 2003. This move follows Kalido's global alliance with Accenture announced in 2001 and a series of reseller partnerships in Europe and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. since then. Tim Thorne Tim Thorne (born 1944) is a contemporary Australian poet. Thorne [1] lives in Launceston, Tasmania. He is the author of ten volumes of poetry, the most recent being Best Bitter in 2006. , chief executive officer of Edengene, the corporate growth and venturing business and sponsor to the award says: "The judges were especially impressed by the overall standard of entries this year, and any of the five finalists were capable of winning the award. However, Kalido stood out for the success it has achieved, including notable customer wins and significant revenue, and in its obtaining one of the largest funding rounds obtained this year from two of the highest-quality players in the venture capital industry." Tim adds: "The Kalido product is a major breakthrough, and will yield significant benefits over existing solutions, worth hundreds of millions of dollars to its clients." Andy Hayler comments: "We are honored to receive the prestigious Corporate Venturing Award, for which we have most notably our customers to thank. The development of the KALIDO data warehouse lifecycle management software has been driven by customer experience and addresses the challenges of how to consistently measure performance in an ever-changing business environment. By closely adapting to customer requirements, our software has now proven to offer dramatic cost savings over traditional data warehousing solutions, and typically adapts to fundamental business changes within hours as opposed to months." The runners up for The Corporate Venturing Award were: BT click&buy, BT Contact Central, Fluency Voice Technology Fluency Voice Technology is a company that develops and sells packaged speech recognition solutions for use in call centers. Fluency’s Speech Recognition solutions are used by call centers worldwide to improve customer service and significantly reduce costs and are available Ltd and Insense Ltd. Orange sponsors the National Business Awards with 24 different categories being awarded in all. The National Business Awards engages FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. 100s and blue chip companies together with new ventures and SMEs. About Kalido Kalido is the leading data warehouse lifecycle management (DWLM) software provider. The KALIDO(R) DWLM Suite automates data warehouse creation and modification to provide business users with timely and consolidated management information throughout organizational change. This ability empowers IT and the business to become more closely aligned to help accelerate financial reporting and enhance performance management of key business entities such as customers, brands, sales, marketing, supply and logistics. The KALIDO DWLM Suite consists of adaptive data warehouse and master data management software. This software application portfolio allows users to rapidly build and maintain an enterprise data warehouse and its master data without the need for programming or operational system standardization standardization In industry, the development and application of standards that make it possible to manufacture a large volume of interchangeable parts. Standardization may focus on engineering standards, such as properties of materials, fits and tolerances, and drafting . The software suite is designed upon UK-patented technology that enables the business model within the data warehouse to be easily modified to keep it continuously up to date with the business as it changes. Kalido's software reduces the creation and lifecycle maintenance staffing costs of data warehouses by 55 per cent or more compared to custom-built solutions according to an independently audited study. Kalido serves major companies in over 100 countries including Cadbury Schweppes, HBOS plc, Intelsat, Philips, Royal Dutch/Shell Group of Companies (Shell), and Unilever. A privately-held software company, Kalido is headquartered in Burlington, Mass. and London, UK and has regional sales offices throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , United Kingdom, and France. Kalido works closely with technology partners and large system integrators for the deployment of Kalido data warehousing projects. More information about Kalido can be found at: http://www.kalido.com. About Data Warehouse Lifecycle Management Data Warehouse Lifecycle Management (DWLM) empowers organizations to effectively manage master data-aligned enterprise data warehouses from initial inception to operation, through maintenance and a lifetime of modification. Compared to traditional data warehousing approaches, DWLM delivers faster data warehouse implementations, allows faster adaptation to organizational change, and reduces backlogs of data warehouse change requests. These abilities ensure that data warehousing implementations remain in step with the business to dramatically improve the quality of management information and significantly reduce project risk. Edengene Edengene, which sponsored the Corporate Venturing Award category of the National Business Awards 2003, works with leading companies to help them deliver growth. Its unique combination of expertise in strategy, technology, entrepreneurship, and corporate finance provides an alternative to the services of traditional consultancies and investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. . The firm, set up in October 2000, originates new products and ventures for FTSE100 companies, and has been reported as the fastest-growing company in the consultancy sector (source: The Sunday Times 01/09/02). More information about Edengene can be found at: www.edengene.com |
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