Chelmsford, Mass., London, UK and Abu Dhabi, UAE—May 21, 2014—Datawatch Corporation (NASDAQ-CM: DWCH), a leading global provider of visual data discovery solutions, and MDS Tech, part of the MiDiS Group and the holding company for numerous affiliates in the Middle East, Europe and Turkey, today announced a strategic regional partnership which will span Eastern Europe and the Middle East. MDS Tech companies, which offer full systems integration and best-of-breed solutions in Data Management, Business Analytics and Mobility solutions, will now offer the full Datawatch visual data discovery solution that optimises any data – regardless of its variety, volume, or velocity – and delivers next generation analytics.
With a core expertise in Enterprise Information Management projects developed over 21 years, MDS Tech delivers high value business solutions to its Tier-One customers in Banking, Public Sector, Healthcare, Telecommunications and Oil and Gas across the region.
“This was a key strategic decision for MDS Tech. In line with our vision to support a true and robust Big Data strategy that allows companies to access their valuable data assets regardless of data type, volume or velocity, we see Datawatch as a powerful addition that completes our solutions portfolio,” said Tony Achkar, vice president, MDS Tech states. “It helps companies quickly unlock the power of their Big Data and provides data streaming, integrating multiple formats including unstructured and semi-structured data, to deliver real-time business insight.”
As part of the agreement MDS Tech will provide pre-sales, consultancy and local language support across the Middle East, Turkey & Eastern Europe. This ‘one contract’ arrangement through MDS Tech companies allows customers to purchase, implement and get full support from a single trusted local supplier. The combined Datawatch and MDS Tech solution brings out the true value of next generation analytics and, as a measure of the commitment to this initiative, MDS Tech has set up a separate entity dedicated entirely to the sale and support of the Datawatch portfolio. This new organisation reports into Tony Achkar, and has been established to support all MDS Tech operations across the geos.
Haj Muntz, vice president, Datawatch EMEA adds, “The volume and variety of data that organisations need to analyse is growing exponentially, just as the speed of business is driving a transformation in the way these companies service their customers. The rapid expansion of the geography covered by MDS Tech amplifies this effect and so, to be successful, a new approach to data discovery is needed. In partnership with Datawatch, MDS Tech will be able to offer the full spectrum of innovation solutions to attain immediate business insight, spots trends, identify fraud and key business outliers to help with time-critical decision making. MDS has a reputation for quality, and in them we feel that we have found the ideal strategic partner to develop our footprint across the region.”
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About Datawatch Corporation
Datawatch Corporation (NASDAQ-CM: DWCH) provides visual data discovery software that optimizes any data – regardless of its variety, volume, or velocity – delivering next generation analytics to reveal valuable insights for improving business. Its unique ability to integrate structured, unstructured, and semi-structured sources like reports, PDF files and EDI streams with real-time streaming data into visually rich analytic applications allows users to dynamically discover key factors that impact any operational aspect of their business. This ability to perform visual discovery against any data sets Datawatch apart in the big data and visualization markets. Organizations of every size, worldwide use Datawatch products, including 99 of the Fortune 100. Datawatch is headquartered in Chelmsford, Massachusetts with offices in New York, London, Munich, Stockholm, Singapore, Sydney and Manila, and with partners and customers in more than 100 countries worldwide. See the Whole Story for yourself by downloading the free trial at http://www.datawatch.com/try-now/.
About MDS Tech
MDS Tech is part of the Midis Group, a group of companies established over 40 years ago, with over 2800 Employees across 3 continents, over 120 companies and 100 TOP resellers Awards. MDS Tech is a group of companies with an exceptional track record of providing Turnkey IT Solutions with over 20 Years of in depth experiences in helping customers Manage, Integrate, Analyse, & Mobilize Business Mission Critical Data across the enterprise.
Safe Harbour 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; risks associated with acquisitions, including the recent acquisition of intellectual property from Math Strategies and the acquisition of Panopticon; 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 next generation analytics in particular; Datawatch’s dependence on its principal products, proprietary software technology and software licensed from third parties; risks associated with international sales and operations; risks associated with indirect distribution channels and co-marketing arrangements, many of which were only recently established; the adequacy of Datawatch’s sales returns reserve; risks associated with a subscription sales model; 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, 2013 and Form 10-Q for the quarter ended December 31, 2013. Any forward-looking statements should be considered in light of those factors.
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Investor Contact: Datawatch Investor Relations firstname.lastname@example.org
Phone: (978) 441-2200 ext. 8323
Sarah Bernardi Datawatch Corporation
Sarah_Bernardi@datawatch.com Phone: (978) 441-2200 ext. 8387
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