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Enterprise Intelligence for the Digital Economy™
FOR IMMEDIATE RELEASE:
ANGOSS AND EXCLUSIVE ORE® ANNOUNCE LICENSING AGREEMENT FOR
XAFFINITY®
Market Basket Analysis Provides Added Capability To
KnowledgeSTUDIO® Users
Toronto, Canada and Blue Bell, Pennsylvania, USA — April 30,
2002
ANGOSS Software (CDNX: ANC), the industry leading developer of
advanced data mining software solutions and Exclusive Ore Inc.,
announced today a licensing agreement making Exclusive Ore's
XAffinity® data mining tool available to users of ANGOSS
KnowledgeSTUDIO®.
XAffinity is a database enabled market basket analysis tool with
applications in retail, e-commerce and logistics. XAffinity provides
exceptional flexibility for association and sequence pattern
detection and analysis, including innovative extensions to classic
associations and sequencing. Key among these are automatic
partitioning to allow for easy generation of rules across segments
such as day of week or customer type and the rule discriminator
which assists in identifying the rules that vary the most, by lift,
confidence or support, across the partitioning variable. XAffinity's
unique sequencing capabilities permit users to find correlations
between events within specific time intervals, allowing
time-sensitive analysis in retail and e-commerce, and enabling its
use in preventative maintenance planning for locomotive and other
large-scale equipment by finding time-lagged associations between
events and repairs. Under the licensing agreement, ANGOSS will
initially resell XAffinity to ANGOSS clients as an add-on module to
KnowledgeSTUDIO. The agreement also provides for joint support of
clients using the solution and provides the basis for planned
additional integration with future releases of the ANGOSS product.
“We are very pleased that ANGOSS has chosen Exclusive Ore's
XAffinity to expand the suite of data mining algorithms that are
available to their users,” said Rob Gerritsen, Exclusive Ore
President. “ANGOSS database-centric orientation to data mining
exactly matches our own. This should make it easy for
KnowledgeSTUDIO users to avail themselves of the additional power
provided by XAffinity.”
“We look forward to deliver this additional capability to our
clients” commented ANGOSS President Eric Apps. “Exclusive Ore has
extensive expertise in the data mining arena and we look forward to
working with them to bring this offering to our users. The
KnowledgeSTUDIO platform makes integration with complementary data
mining solutions algorithms seamless and cost-effective, and will
enable ANGOSS and complementary vendors such as XAffinity to expand
the value being delivered to our clients.”
About ANGOSS Software
ANGOSS Software Corporation, headquartered in Toronto, Canada,
develops industry leading data mining solutions for clients and
technology partners. Global 2500 leaders across financial services,
telecom and media, retail, pharmaceuticals and health care, and
manufacturing sectors use ANGOSS data mining solutions to “Make
Better Business Decisions. Every Day.”™ For more information, visit
the ANGOSS website at http://www.angoss.com/.
About Exclusive Ore Inc.
Exclusive Ore Inc., headquartered in Blue Bell, PA was founded in
1997 as a consulting and software services company whose sole
emphasis was the delivery of quality data mining solutions. Since
that time, Exclusive Ore has successfully implemented solutions in a
wide variety of industries including Telco, Retail, Finance, and
Consumer Packaged Goods. For more information visit the Exclusive
Ore website at http://www.exclusiveore.com/.
Note: Exclusive Ore, the Exclusive Ore logo and XAffinity are
trademarks or registered trademarks of Exclusive Ore Inc. ANGOSS,
the ANGOSS logo, KnowledgeSTUDIO, are trademarks or registered
trademarks of ANGOSS Software Corporation. All other product names
are trademarks or registered trademarks of their respective
companies.
This press release may contain forward-looking statements
relating to the future performance of ANGOSS Software Corporation.
Forward-looking statements, specifically those concerning future
performance and the achievement of operating profitability are
subject to certain risks and uncertainties, and actual results may
differ materially. These risks and uncertainties include the risk of
possible customer disappointment or dissatisfaction with ANGOSS
Software products, and any resulting failure to expand the user base
as anticipated by the Company; operational and financial risks
associated with growth; market acceptance of the Company's products
and services; technical uncertainties related to releases of new or
modified products and adapting products to specific customer
requirements; risks involving management of growth; competition and
the introduction of new entrants and/or new products in the
Company's markets; product development risks and risks of
technological change; the risk of unanticipated expenses or asset
reevaluations; and other risks and uncertainties all as described in
the disclosure documents filed with securities regulatory
authorities in accordance with applicable securities laws.
Note: The Canadian Venture Exchange has neither approved nor
disapproved the above information.
CONTACTS:
For ANGOSS Software
Eric Apps President (416) 593-2430 eapps@angoss.com
For Exclusive Ore Inc.
Rob Gerritsen President (215) 643-3110 rob@xore.com |