Chelmsford, Mass.—July 29, 2014—Datawatch Corporation (NASDAQ: DWCH), a leading global provider of visual data discovery solutions, is one of the fastest growing public companies in Massachusetts, according to a recent study by Boston Business Journal. The company was ranked #32 out of the 50 fastest growing companies listed, thanks to a robust 69 percent growth rate in revenue since 2011.
Datawatch’s momentum is the result of a strategic realignment the company began in 2011 starting with a new management team, new product direction, and the acquisition of the Swedish software company, Panopticon Software AB, last year that transformed the company into the only provider of visual data discovery against any source and structure of data – especially the dynamic in-motion sources so critical in today’s business environment.
Datawatch’s technology uniquely enables organizations to visualize and explore both historic and real-time data together. This powerful capability, which is rapidly changing the face of industries such as capital markets, energy management, government, and manufacturing, is foundational to many Big Data applications and where Datawatch sets itself apart in the market.
“Our company’s new direction is paying big dividends. Businesses desperately need a new kind of visually-rich, real-time analytical environment to tackle challenges as soon as they occur to improve competitiveness. Our growth rate shows that our strategic shift into visual data discovery is delivering the right capabilities to a rapidly changing Big Data analytics market,” said Ben Plummer, chief marketing officer and senior vice president, Strategic Alliances at Datawatch.
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 datawatch.imarc.io/trial.
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; 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 quarterly report on Form-10Q for the quarters ended December 31, 2013 and March 31, 2014. Any forward-looking statements should be considered in light of those factors.
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Investor Contact: Datawatch Investor Relations email@example.com
Phone: (978) 441-2200 ext. 8323
Sarah Bernardi Datawatch Corporation
Sarah_Bernardi@datawatch.com Phone: (978) 441-2200 ext. 8387
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