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SOURCE Datawatch Corporation
Datawatch Solution to Enable Analytics on Valuable Data Trapped in Millions of Semi-Structured Bank Documents
CHELMSFORD, Mass., March 4, 2013 /PRNewswire/ -- Datawatch Corporation (NASDAQ-CM: DWCH), the leading global provider of information optimization software and services, today announced that BNP Paribas Securities Services has selected Datawatch Report Mining Server (RMS) as its information optimization solution for mining and analyzing information from EMC Documentum, an industry leading enterprise content management platform for creating, managing and deploying business applications and solutions. The Datawatch solution is optimized to facilitate the mining and retrieval of millions of semi-structured bank documents and reports which are stored in EMC Documentum and accessed by BNP Paribas users all across Europe. As part of the selection process, EMC reviewed the Datawatch solution together with a number of competitive offerings and proposed Datawatch as the optimal solution to ensure that BNP Paribas Securities Services could continue to maximize its investment in EMC Documentum.
"EMC constantly strives to allow our customers to maximize the value that they gain from their investment with EMC," said Chris McLaughlin, VP Channel Sales and Alliances at EMC. He continued, "By recommending Datawatch RMS we can ensure that BNP Paribas Securities Services' investment in EMC Documentum provides both high performance document storage and management and industry leading information optimization and analytics."
"We view document archive and management solutions as an integral component of a company's Big Data infrastructure in today's information rich environment," said Don Mulroy, General Manager, Worldwide Report Management Solutions for Datawatch. "With our ability to support interactive access and analysis of semi-structured content from systems like EMC Documentum, as well as systems from other vendors like IBM and Open Text, we are able to transform these archive systems into information optimization solutions that deliver much greater value to an organization."
EMC's evaluation and recommendation of Datawatch RMS was a critical consideration in BNP's selection process. Datawatch and EMC will team together during the implementation of the Datawatch solution at BNP Paribas Securities Services, and are also working on other joint programs for Datawatch RMS and EMC Documentum.
ABOUT BNP PARIBAS SECURITIES SERVICES
BNP Paribas Securities Services (http://www.securities.bnpparibas.com/jahia/Jahia/site/portal), a wholly-owned subsidiary of BNP Paribas Group, is a leading global custodian and securities service provider backed by a strong universal bank. It provides integrated solutions to all participants in the investment cycle including the buy side, sell side, corporates and issuers.
The bank has a local presence in 34 countries across five continents, effecting global coverage of more than 100 markets. It partners with clients to overcome complexity, while offering a one-stop shop for all asset classes, both onshore and offshore, around the world.
Key figures as of 30 September 2012: USD 6,815 billion of assets under custody; USD 1,280 billion of assets under administration; more than 7,044 administered funds and 7,700 employees.
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.
EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. Fundamental to this transformation is cloud computing. Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyze their most valuable asset - information - in a more agile, trusted and cost-efficient way. Additional information about EMC can be found at www.emc.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.
Datawatch Investor Relations
Phone: (978) 441-2200 ext. 8323
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