Business Services Industry
Business Objects Announces Data Mining Partnership With DataMind Corporation; Leading Decision Support Tools Vendor Partners with DataMind to Provide Customers with Link Between BusinessObjects and DataMind's Family of Products
Business Wire, May 20, 1996
CUPERTINO, Calif.--(BUSINESS WIRE)--May 20, 1996--Business Objects (NASDAQ: BOBJY), the world's leading provider of integrated query, reporting, and online analytical processing (OLAP) tools, today announced a partnership with DataMind Corporation.
DataMind joins Business Objects' Open Data Mining Initiative partner program, and Business Objects will provide mutual customers with a link between the companies' two products that will allow users to launch DataMind's family of products from within BusinessObjects. This link is available immediately, and will be provided through Business Objects to customers at no charge.
One-button integration with DataMind will now make it easier than ever for users to combine the benefits of data mining with the powerful query, reporting, and OLAP abilities of BusinessObjects. Data mining extends customers' decision support capabilities by helping users to discover hidden trends and relationships in their data and to make predictions using that information.
The DataMind software family is specifically designed for business professionals and allows them to start mining their data without initial training. Its patent-pending technology lets users automatically discover and understand new data relationships, make predictions, and understand these predictions. This vast range of functionality is incorporated within the DataMind product offering.
"We are pleased to be partnering with DataMind, and to offer our customers the ability to integrate DataMind's products with BusinessObjects," said Bernard Liautaud, president and CEO of Business Objects. "Partnering together will enable our customers to take advantage of BusinessObjects for integrated query, reporting, and OLAP, in conjunction with DataMind's data mining capabilities, including pattern recognition and prediction."
"With our mutual focus on the mainstream business user, DataMind and Business Objects provide highly complementary solutions for professionals who seek to analyze important but non-obvious relationships in order to compete more effectively," said Eric Archambeau, president and CEO of DataMind Corporation. "Now users can automatically discover and understand the important, hidden relationships in their data using DataMind and then, with the push of a button, switch to the OLAP capabilities of BusinessObjects 4.0 to explore those relationships further."
About DataMind
DataMind Corporation, headquartered in Redwood City, Calif., is a privately held company that develops, sells, and supports the first data mining software designed specifically for business professionals. Its industry-leading DataMind product family helps end users make better business decisions by giving them high-performance, accurate, and easy-to-understand solutions for discovering new relationships in their data. DataMind's target customers are companies that want to leverage their existing data warehouse and decision-support systems to gain an edge in knowledge over their competitors. More information can be found on the World Wide Web at http://www.datamindcorp.com.
About Business Objects
Business Objects (NASDAQ:BOBJY) is the world's leading supplier of integrated query, reporting, and OLAP tools. The company's flagship product, BusinessObjects, provides mainstream business users with access to information stored in corporate databases, data warehouses, and packaged applications. The company pioneered the market for business-intelligent decision support tools in 1990 by introducing the first product to use a "semantic layer" to map complex database schemas to a business representation understandable by non-technical end users.
Business Objects generated over $60M in revenue in 1995, concluding its fifth consecutive year of more than 100 percent revenue growth. BusinessObjects has been licensed in more than 50 countries to over 2,900 customer sites and 160,000 users worldwide. Business Objects partners with more than 350 leading third-party vendors. More information on Business Objects can be found on the World Wide Web at http://www.businessobjects.com. -0-
Note to Editors: BusinessObjects is a trademark of Business Objects S.A. Other company and product names may be trademarks of the respective companies with which they are associated.
-- Inquiries for Business Objects product information should call: 800/527-0580 or contact the company through the Web at http:\\www.businessobjects.com.
-- Inquiries for DataMind should call 1-800-273-7102 or contact the company through the Web at http://www.datamindcorp.com
-- See other releases today on Business Objects data mining partnerships
CONTACT: Business Objects
Tracy Eiler or Miriam Standish, 408/973-9300
or
Blanc & Otus
Danielle Dawson, 415/512-0500
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