IFUL Insightful Corp (MM)

Spotfire, Inc., provider of interactive, visual analytics software, and Insightful Corporation (NASDAQ:IFUL), a leading provider of software solutions for statistical data analysis, today announced a framework agreement where Insightful has licensed to Spotfire its embeddable S-PLUS(R) OEM Toolkit for the purpose of generating a series of comprehensive analytic solutions across key business processes. The resulting applications are expected to integrate selected S-PLUS routines and libraries within Spotfire's DecisionSite visual analytic application creating a series of easy-to-use, yet powerful analytic solutions designed to be deployed to large communities of business users. Spotfire DecisionSite provides a rich analytic application that allows users to visually query information in either an interactive mode or through guided workflows that reflect critical customer business processes. Insightful's S-PLUS is statistical data analysis software designed to delve deep into companies' operational information to provide new insights and predictive results. Insightful and Spotfire expect to deploy the power of S-PLUS analytics within DecisionSite in a series of integrated solutions tailored to extract significantly more value from customers' business data and answer challenging operational questions across Global 2000 businesses. "Never before have companies faced such enormous amounts of data and been under such time pressure to be the first to know what insights that data holds," said Rock Gnatovich, president of Spotfire, Inc. "For analytic applications to have their full business impact statistics must be put on the critical path, but they must also be easy enough for employees at all levels to use. This partnership does just this -- by deploying Insightful's S-PLUS statistics within Spotfire's Guided Analytic(TM) applications, business users across the organization can employ powerful yet easy to understand solutions to key business problems." "Complex problems have traditionally required sophisticated solutions. Sophistication however has meant that the solution was confined to a small number of specialists," said Henry Morris, group VP and GM for Integration, Development, and Application Strategies at IDC. "Because of Spotfire's ease of use and interactive visual approach, the power of Insightful's statistics can now impact a broad audience of business users." "This partnership helps us deliver on our mission to deliver the power and benefit of statistics across the enterprise," said Jeff Coombs, CEO of Insightful Corporation. "Businesses are increasingly relying on predictive analytics to solve complex problems. By combining the strengths of our products, our mutual customers can now distribute the ability to make decisions faster and with more confidence to a larger population of business users in an easy to use, visual application without sacrificing power." Today's announcement of the framework agreement builds upon an existing relationship between the two companies that enabled mutual customers to deploy S-PLUS routines directly into their DecisionSite application using Spotfire's Computational Services. About Insightful Corporation 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 for 17 years to thousands of companies in financial services, pharmaceuticals, 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. About Spotfire, Inc. Spotfire(R), Inc. provides interactive, visual data analytics applications and services that empower enterprises and their end-users to improve operational performance and gain an information advantage over the competition. Over 25,000 users in close to 1,000 organizations around the world use Spotfire DecisionSite to drive confident decision-making by quickly and easily spotting trends, outliers and unanticipated relationships in critical business data. The company maintains U.S. headquarters in Somerville, Mass., and European headquarters in Goteborg, Sweden. Additional information can be found at www.spotfire.com. Note to Investors - Forward Looking Statements This press release contains forward-looking statements, including statements about the expected integration of Insightful's software with Spotfire software; the power and ease-of-use of a combined solution; the ability of Insightful applications to be deployed to large numbers of users; 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 our ability to attract and maintain key partnerships; 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.