Toronto, Canada, May 18, 2007 --(PR.com
)-- Angoss Software Corporation (Angoss) (TSX-V: ANC), a leading provider of data mining and predictive analytics solutions for the financial services and information and communications technology industries, today announced that it has been positioned in the Gartner Customer Data Mining Magic Quadrant’ in the Niche Players Quadrant.
“We believe our positioning in the Magic Quadrant reflects both our commercial success in the customer data mining marketplace and our innovative approach that distinguishes Angoss from traditional statistical tools vendors,” commented Angoss President Eric Apps. “We provide market proven predictive analytics software for business analysts and “power users” that is easy-to-use, with advanced features and scalability for large data environments, while introducing an expanding portfolio of innovative predictive analytics solutions for finance and ICT industries with on demand and technology transfer delivery options directed to new audiences of business users that have been unable to leverage data mining successfully due to the cost and complexity of traditional statistical tools based approaches. We plan further innovative predictive analytics solution announcements in coming months that reinforce these differentiators. This evaluation from Gartner is timely and will help us to better position our customer data mining solutions and value propositions in the marketplace.”
About Angoss Products and Solutions:
Angoss customers play an active role in its product and solution development process, with product and solution enhancements reflecting well over a decade’s worth of expertise across banking, insurance, mutual funds, telecom and information and communications technology markets, as well as many of the leading services organizations serving G2500 clients. Illustrative Angoss clients include Citigroup, GE Money, HSBC Household, Bank of America, JP Morgan Chase, Wells Fargo, Washington Mutual, Lloyds Bank, Barclays Bank, ABN Amro, Royal Bank of Scotland, AIG, Allstate, Countrywide Insurance, AGF, Russell Investments, Franklin Templeton, T-Mobile, eBay, MSN, Dell, Yahoo, Rogers Communications, Genpact, ChoicePoint, Equifax, Experian, First Data Corporation, Sedgwick CMS, Milliman, and hundreds of others.
KnowledgeSEEKER®, KnowledgeSTUDIO®, StrategyBUILDER™, and KnowledgeSERVER®. Designed to address the needs of business analysts and with advanced features and productivity benefits for the most sophisticated predictive modelers, Angoss provides usability, scalability and interoperability benefits across all major database platforms while reflecting the real world work flow and business needs of analytics professionals from data preparation through mining to actionable business strategies that can be deployed across the enterprise. Analysts with some of the world’s leading financial services and information and communications organizations, as well as the consulting organizations serving them, achieve faster time to actionable results using Angoss data mining and predictive analytics systems to make “Better Business Decisions. Every Day.”™
FundGUARD™, the Angoss predictive marketing and sales analytics solution for the mutual fund industry, provides mutual fund sales organizations with Predictive Leads. On Demand.™ Available as an on demand subscription service, and with a technology and knowledge transfer licensing option, the Angoss system provides advanced segmentation and targeting tools that have helped some of North America’s largest independent mutual fund companies generate over $2 billion in incremental assets under management since its launch in the fall of 2005.
ClaimGUARD™, the Angoss predictive analytics system for insurance benefits providers and third party claims administrators provides advanced fraud and abuse detection rules based on their own claims data, enabling a significantly enhanced value proposition for their marketing and sales organizations to achieve client retention and new account acquisition goals in a business environment where their customers are focused on improving the management of claims costs and outcomes.
Telecom Marketing Analytics™, the Angoss suite of predictive marketing and sales tools for the telecommunications industry, targets the B2B revenue opportunity for telecom carriers and value added service providers looking to use highly specialized predictive segmentation and targeting solutions to expand their market share among B2B mid-market clients. Available as an on demand subscription service, and with a technology and knowledge transfer licensing option, the Angoss solution provides predictive segmentation and lead generation tools, including BundleBUILDER™, that have helped some of North America’s most successful telecom and cable operators identify new markets, analyze and optimize their corporate and distribution networks, detect new revenue opportunities within existing client micro-segments, and accelerate new profitable customer acquisition rates.
Angoss Software Corporation empowers people to make “Better Business Decisions. Every Day.”™
Some of the world’s leading financial services, telecom, and retail organizations use Angoss predictive analytics software and services to grow revenues, while reducing risk and cost. Angoss helps our clients utilize business data to discover the key drivers of behavior, predict future trends and events, and act with confidence when making business decisions.
Angoss combines powerful market proven software with focused industry services expertise in the deployment, integration and use of predictive analytics in enterprise environments. Our differentiators include broad user acceptance, a commitment to open standards, rich functionality, rapid deployment, exceptional ease-of-use and affordability.
Headquartered in Toronto Canada, Angoss has offices in the UK and has partnered with the world’s leading enterprise software and services vendors. For more information, visit www.angoss.com.
The Magic Quadrant is copyrighted 4 May 2007 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
© 2007 Gartner, Inc. and/or its Affiliates. All Rights Reserved. The information contained herein has been obtained from sources believed to be reliable. Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner's research may discuss legal issues related to the information technology business, Gartner does not provide legal advice or services and its research should not be construed or used as such. Gartner shall have no liability for errors, omissions or inadequacies in the information contained herein or for interpretations thereof. The opinions expressed herein are subject to change without notice.