Contact: Name: Julie Andrews Jay Chaudhry Evan Sirof Company: Alexander Communications IQ Software Corporation Technology Solutions Voice: 404/897-2300 ext. 322 404/446-8880 212/696-2000 Email: 74431.1605@compuserve.com jay@iqsc.com esirof@tsipr.com
Atlanta (July 17, 1995) - IQ Software (NASDAQ:IQSW) announced today a strategic partnership with Sinper Corporation as part of a series of business agreements and product announcements to solidify IQ Software's leadership position in the data access market. A leader in multidimensional databases and development environments for On-Line Analytical Processing (OLAP) applications, Sinper's TM/1Ö equips IQ Software with immediate authority in the fast-growing OLAP market.
The Sinper agreement allows IQ Software to take full advantage of Sinper's OLAP technology. Designed for fast multidimensional and drill-down data analysis, TM/1 uses specialized indexing techniques and a sophisticated calculation engine technology to provide quick access, analysis and organization of large amounts of data. It is ideal for planning and analysis applications, including sales/marketing and financial analysis, product and customer profitability analysis, budgeting, forecasting and financial consolidation.
"Our partnership with Sinper allows us to seamlessly incorporate proven OLAP technology to deliver a suite of solutions that meet the full range of business intelligence needs, including Executive Information Systems (EIS) and Decision Support Systems(DSS)," said Charles R. Chitty, president and CEO of IQ Software.
Terms of the strategic business agreement call for Sinper's product line to be integrated with IQ Software's second generation client/server data access tools and includes an option for IQ Software to acquire a significant minority interest in the company.
"We're excited to join forces with IQ Software in marketing state-of-the-art OLAP database access, query, reporting tools, and application development," said Manny Perez, president of Sinper Corporation. "We expect our relationship with IQ Software will significantly grow and broaden the implementation of OLAP technology in the decision support market."
"This is an excellent partnership, providing IQ Software an entree in the rapidly growing OLAP market," said Richard Finkelstein, analyst with Performance Computing. "It extends the IQ product line to meet a range of user needs from querying and reporting, to multidimensional and drill-down analysis. Sinper's familiar spreadsheet-like user interface and ease of setup makes it an excellent tool for decision support applications."
Through the Sinper relationship, IQ Software further enhances its integrated, powerful, and comprehensive family of business intelligence solutions to meet the information access needs of Fortune 1000 customers. IQ Software's established commitment to a solution-oriented approach is evident in its growing family of products and partnerships, including:
Today's announcement further strengthens IQ Software's track record and gives the company a distinct competitive advantage in emerging technologies and markets.
Sinper Corporation Background
Sinper Corporation develops and markets TM/1 PerspectivesÖ and TM/1 ServerÖ multidimensional database and spreadsheet software for On-line Analytical Processing. Over 15,000 users in more than 2,000 corporations worldwide, including AT&T, Hewlett Packard, BMW, Bristol-Myers Squibb, Exxon, Frito Lay, GTE, Pepsi Cola, Salomon Brothers and The Equitable, rely on Sinper Corporation's products to meet corporate decision support needs. Sinper's products are distributed in over 20 countries worldwide, including the United States, Canada, United Kingdom, Germany, Belgium, Denmark, Australia, Japan and
Hong Kong.
For more information about IQ Software and its products, IQ Software can be reached at 3295 River Exchange Drive, Suite 550, Norcross, GA 30092, 1-800-458-0386 or Internet:sales@iqsc.com.