IFUL Insightful Corp (MM)

Insightful Corporation (Nasdaq:IFUL), a leading provider of advanced statistical software for analysis of numeric and text data, today announced that Ohio Savings Bank's Indirect Lending division has selected S-PLUS(R) 7 Enterprise Developer, the de facto industry standard software platform for statistical data analysis and predictive analytics. Analysts and business decision-makers at Indirect Lending are benefiting from the power of predictive analytics made possible by S-PLUS 7 Enterprise Developer. The software is improving the effectiveness and efficiency of the company's decision-making processes in a variety of business areas, including application-based risk scoring, portfolio risk management, and collections behavior strategies. Deployment of S-PLUS 7 Enterprise Developer is supporting customer demand to manage and analyze increasingly larger data sets with greater efficiency, supporting the dynamic nature of the indirect lending business. In addition, the S-PLUS workbench environment, complemented by powerful visualization tools for exploring data, helps communicate current portfolio performance to time-constrained decision-makers who need to take action to reduce risk and optimize lending product performance. Better visualization enhances productivity by reducing the time required to explain each analysis, leaving more time to make important lending decisions. "I am very pleased with the release of S-PLUS 7 Enterprise Developer," said Donald Seyler Sr. business statistician, for Indirect Lending at Ohio Savings Bank. "Insightful has developed their software to meet my needs, giving me confidence that future releases will continue to evolve to meet the challenges I face going forward." "We are delighted that Ohio Savings Bank's Indirect Lending division has selected S-PLUS 7 Enterprise Developer to support their need to deploy predictive analytics for immediate business benefit," said Jeff Coombs, CEO of Insightful Corporation. "With S-PLUS 7, the bank now has a flexible, scalable platform for efficiently and effectively analyzing and visualizing portfolio and loan level data to provide the predictive intelligence their decision-makers need to reduce risk and improve performance of their lending products." ABOUT S-PLUS 7 S-PLUS(R) 7 is a major new release to the de facto industry standard software platform for statistical data analysis and predictive analytics. The software supports analysis of very large data sets and the rapid development of analytic applications that integrate advanced statistical methods within existing business processes. Decision-makers benefit from the deployment of advanced analytics across the enterprise. With S-PLUS 7, statisticians, developers, and IT personnel use a new integrated development environment (IDE) on top of the flexible and elegant S programming language to rapidly develop, integrate, and deploy advanced analytic solutions. A new pipeline architecture in S-PLUS 7 allows for the preparation, manipulation, and analysis of very large data sets, thereby enabling companies to solve analytic problems not solvable before. S-PLUS 7 offers rich visualization and reporting capabilities that can be delivered from a back-office server to Web portals to improve information sharing required for effective decision-making. ABOUT INSIGHTFUL Insightful Corporation (Nasdaq:IFUL) provides enterprises with scalable data analysis solutions that drive better decisions faster by revealing patterns, trends, and relationships. The company is a leading supplier of software and services for statistical data analysis, data mining, and knowledge access, enabling clients to gain intelligence from numeric and text data. Insightful products include S-PLUS(R), Insightful Miner(TM), S-PLUS(R) Server, and InFact(R). Insightful consulting services provide specialized expertise and proven processes for the design, development, and deployment of customized solutions. The company has been delivering industry-leading, high-ROI solutions to thousands of companies in financial services, life sciences, biotechnology, telecommunications, manufacturing, plus government and research institutions. Headquartered in Seattle, Insightful has offices in New York City, North Carolina, France, Switzerland, and the United Kingdom, with distributors around the world. For more information, visit www.insightful.com, email info@insightful.com, or call 1-800-569-0123. Note to Investors -- Forward-Looking Statements This press release contains forward-looking statements, including statements about improvements in efficiency, effectiveness, communication and other abilities of our customer; the capabilities of S-PLUS 7.0; S-PLUS product features; the capabilities of competing products now or in the past; and customer acceptance of our software products. Forward-looking statements are based on the judgment and opinions of management at the time the statements are made. Inaccurate assumptions and known and unknown risks and uncertainties can affect the accuracy of forward-looking statements. Actual results could differ materially from those expressed or implied by the forward-looking statements for a number of reasons, including, without limitation, the risks associated with errors or defects in our software; the risks associated with our ability to compete in the markets we serve; and the risks associated with market demand and customer acceptance of our products. More detailed information regarding these and other factors that could affect actual results is set forth in our filings with the Securities and Exchange Commission, including our most recent Quarterly Report on Form 10-QSB. You should not unduly rely on these forward-looking statements, which apply only as of the date of this release. We undertake no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release or to reflect the occurrence of anticipated events.