CHELMSFORD, Mass., March 14, 2013 /PRNewswire/ -- Datawatch
Corporation (NASDAQ-CM: DWCH), the leading global provider of
information optimization software and services, today announced a
competitive win to replace ASG Software Solutions' DocuAnalyzer
with Datawatch Monarch Professional for more than 700 hundred users
at one of the world's largest financial institutions.
DocuAnalyzer, a private label edition of older versions of
Datawatch's Monarch Professional software, has been in use at this
financial institution for over 10 years. After ASG's
DocuAnalyzer OEM agreement with Datawatch terminated in 2011, this
financial institution began looking for a modern alternative that
could provide the flexibility and functionality to access and
analyze documents stored in ASG's ViewDirect archiving platform,
and that offered a seamless upgrade path from DocuAnalyzer.
After an extensive evaluation, this financial institution selected
Datawatch Monarch Professional to replace the outdated and less
functional version of DocuAnalyzer. Because DocuAnalyzer is
simply a private label edition of previous versions of Monarch
Professional, the upgrade path to the current version of Datawatch
Monarch Professional will be seamless.
(Logo: http://photos.prnewswire.com/prnh/20121015/NE92833LOGO
)
"Over the years, this financial institution created literally
thousands of models with DocuAnalyzer that they used to extract
valuable insights from the billions of records stored in ASG
ViewDirect. Our ability to provide this important customer
with a seamless upgrade path to the current, supported release of
Datawatch Monarch Professional was a critical consideration in
moving forward with this upgrade," said Ben
Plummer, Chief Marketing Officer and Senior Vice President,
Strategic Alliances for Datawatch. "When our OEM agreement
with ASG terminated, it was important to us that DocuAnalyzer
customers who were adversely impacted by this event, could obtain
uninterrupted service from Datawatch with the opportunity to
upgrade to the most current, supported version of Datawatch Monarch
Professional, with its improved features and functionality.
More importantly, the Datawatch Monarch Professional solution
offers the absolute best return on investment as it leverages all
existing DocuAnalyzer reports, projects and models and end users
familiar with the look and feel require no additional
training. Additionally, by transitioning to the latest
Datawatch release, these organizations will have the ability to
leverage the complete Datawatch Information Optimization solution
if they wish to deliver great functionality to their
users. We are pleased to be able to support this
valuable customer through the upgrade process and look forward to
assisting other DocuAnalyzer customers move to our current
release."
Other DocuAnalyzer customers that are exploring alternatives can
contact Datawatch by email at sales@datawatch.com or by calling
1-978-275-8222 to learn more about the latest features and support
options for the current version of Monarch Professional, as well as
the seamless upgrade path from DocuAnalyzer.
ABOUT DATAWATCH CORPORATION
Datawatch Corporation
(NASDAQ-CM: DWCH) is a leader in providing information optimization
products and solutions that allow organizations to deliver the
greatest data variety possible into their big data and analytic
applications. Datawatch provides organizations the ability to
integrate structured, unstructured, and semi-structured sources
like reports, PDF files, and EDI streams into these applications to
provide a 360 degree perspective of the issues and opportunities
that exist in their businesses. More than 40,000 organizations
worldwide use Datawatch's products and services, including 99 of
the Fortune 100, and businesses of every type can benefit from the
power and flexibility of Datawatch's industry leading solutions.
Datawatch is headquartered in Chelmsford,
Massachusetts with offices in London, Munich, Singapore, Sydney and Manila, and with partners and customers in
more than 100 countries worldwide. For more information, visit
www.datawatch.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
Any statements contained in this press
release that do not describe historical facts may constitute
forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. Any such statements,
including but not limited to those relating to results of
operations, contained herein are based on current expectations, but
are subject to a number of risks and uncertainties that may cause
actual results to differ materially from expectations. The factors
that could cause actual future results to differ materially from
current expectations include the following: risks associated with
the continuing weak global economy; risks associated with
fluctuations in quarterly operating results due, among other
factors, to the size and timing of large customer orders; the
volatility of Datawatch's stock price; limitations on the
effectiveness of internal controls; rapid technological change;
Datawatch's dependence on the introduction of new products and
possible delays in those introductions; competition in the software
industry generally, and in the markets for information optimization
in particular; Datawatch's dependence on its principal products,
proprietary software technology and software licensed from third
parties; risks associated with international sales; risks
associated with indirect distribution channels; the adequacy of
Datawatch's sales returns reserve; risks associated with a
subscription sales model; risks associated with acquisitions,
including the recent acquisition of intellectual property from Math
Strategies; Datawatch's dependence on its ability to hire and
retain skilled personnel; disruption or failure of Datawatch's
technology systems that may result from a natural disaster,
cyber-attack or other catastrophic event; and uncertainty and
additional costs that may result from evolving regulation of
corporate governance and public disclosure. Further information on
factors that could cause actual results to differ from those
anticipated is detailed in various publicly-available documents,
which include, but are not limited to, filings made by Datawatch
from time to time with the Securities and Exchange Commission,
including but not limited to, those appearing in the Company's
Annual Report on Form 10-K for the year ended September 30, 2012. Any forward-looking
statements should be considered in light of those factors.
Investor Contact:
Datawatch Investor
Relations
investor@datawatch.com
Phone: (978) 441-2200 ext. 8323
Media Contact:
Sarah
Bernardi
Datawatch Corporation
Sarah_Bernardi@datawatch.com
Phone: (978) 441-2200 ext. 8387
Twitter: @datawatch
© 2013 Datawatch Corporation. Datawatch, Monarch and their
respective logos are trademarks or registered trademarks of
Datawatch Corporation in the United
States and/or other countries. All other names are
trademarks or registered trademarks of their respective
companies.
SOURCE Datawatch Corporation