Business Services Industry

Kalido Growth Fueled by Leading Companies; Multinational Organizations Power Strategic Corporate Initiatives with Kalido's Enterprise Information Management Software

Business Wire, August 22, 2006

BURLINGTON, Mass. -- Kalido, a provider of strategic information management solutions, announced today that companies around the world continue to select Kalido's unique software as a strategic component of their information architecture. In the first half of 2006, Kalido added more than twice the number of new customers as it did during the same period in 2005. With Kalido, customers are improving sales and marketing analysis, accelerating consolidation of corporate and financial master data, increasing corporate performance accuracy and financial reporting visibility, and enhancing compliance and governance across the enterprise.

Kalido signed new or expanded agreements with global organizations including British American Tobacco Belgium, Fannie Mae, Federal Home Loan Bank of New York, Great American Financial Resources, Inc., Imperial Tobacco Group PLC, the International Monetary Fund, Steamship Insurance and Wyeth Pharmaceuticals. Existing customers including Allied World Assurance Company and Nationwide Insurance formally rolled out new information management projects. Furthermore, one major customer successfully implemented and deployed a significant master data management (MDM) solution from Kalido in less than 90 days.

"The importance of Enterprise Information Management continues to increase as more enterprises recognize what a valuable asset information can be," said Andrew White, research vice president at Gartner. "EIM is not an IT strategy. EIM is a business-oriented program that enables organizations to manage data differently in order to dynamically re-use information assets - assets that may previously have been confined to a single application or function - to drive value in all kinds of customer-, enterprise- and supplier-facing business processes. With EIM, business managers cease to be just a consumer of data and start to take more direct control in the management of critical business information."

"Every company, regardless of size, is grappling with how to improve access to their corporate data," said Bill Hewitt, president and CEO of Kalido. "Kalido delivers the ability for business users to define their views of data in business terms rather than technical terms. With accurate, consistent and accessible information, our customers can make strategic decisions about their business that have a direct and positive impact on operating results."

About Kalido

Kalido delivers software for managing enterprise information that can adapt to business change in real-time. By dramatically enhancing visibility into corporate performance on a global basis, Kalido customers have experienced significant improvements in both top and bottom line performance. Kalido's innovative, patented software provides customers with the ability to dynamically view the impact of business changes in business terms, resulting in faster, better decision making throughout the enterprise. Kalido software can be deployed at a fraction of the cost of traditional information management methods.

Kalido is backed by Atlas Venture, Benchmark Capital and Matrix Partners, and headquartered in Burlington, Mass.

More information about Kalido can be found at: http://www.kalido.com.

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COPYRIGHT 2008 Gale, Cengage Learning
 

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