CHELMSFORD, Mass., Aug. 28, 2013 /PRNewswire/ -- Datawatch
Corporation (NASDAQ-CM: DWCH), the leading global provider of
information optimization solutions, today completed its acquisition
of Panopticon Software AB, a privately held company based in
Stockholm, Sweden and an industry
leader in real-time visual data discovery solutions. Former
Panopticon shareholders will receive Datawatch shares representing
up to 23.6% of the total Datawatch shares outstanding following the
closing of the transaction, determined on an adjusted basis.
Panopticon is now a direct, wholly-owned subsidiary of
Datawatch.
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"The Datawatch/Panopticon combination is a great fit
strategically and culturally," said Michael
A. Morrison, president and chief executive officer of
Datawatch. "Bringing together the leaders in information
optimization and real-time visual data discovery will empower our
customers to optimize the value of virtually any data, and now do
it at the speed their businesses operate – even if that means in
real-time.
"We've brought together two teams that share the same passion
for innovation and commitment to customer success. We've added
another 25 industry veterans to an already very strong Datawatch
team – further solidifying our position as the experts in
delivering transformative business value to our customers."
The Panopticon acquisition builds on the proven strength of
Datawatch Enterprise Server and Datawatch Monarch
Professional. Panopticon extends the Datawatch solution to
address business users' ubiquitous needs to understand and extract
value from their data through a rich, visual data discovery
experience. With Panopticon, customers get a strong,
self-service solution to explore, discover and visualize any
variety of data, in real-time.
Panopticon is a leader in visual data discovery for its
innovative real-time technology. The company's in-memory,
high speed solution has a proven track record in capital markets,
telecommunications, energy and other industries that rely on
real-time visual discovery and analytics. Panopticon has also
been recognized by industry and analyst organizations for being a
technical and thought leader in the marketplace, including being
recently named as a "Cool Vendor" in the Cool Vendors for
In-Memory Computing 2013 report by Gartner, Inc.
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; risks
associated with acquisitions, including the recent acquisition of
intellectual property from Math Strategies and the acquisition of
Panopticon; 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 and
operations; risks associated with indirect distribution channels;
the adequacy of Datawatch's sales returns reserve; risks associated
with a subscription sales model; 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, Form 10-Q for the quarters
ended December 31, 2012, March 31, 2013 and June
30, 2013, and Definitive Proxy Statement on Schedule 14A
filed with the SEC on August 5,
2013. 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