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Innovative Systems, Inc. Joins Siebel Alliance Program
as Premier Software Alliance Partner |
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| Innovative Systems' Data Quality Tools Complement Siebel eBusiness Applications |
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| Pittsburgh, PA - August 7, 2001 - Innovative Systems, Inc., a top provider of data quality software and services, today announced that it has joined the Siebel Alliance Program as a Premier Software Alliance Partner. Siebel Systems, Inc. (Nasdaq: SEBL) is the world's leading provider of eBusiness applications software. Innovative will make its data quality tools available to Siebel eBusiness Applications users, helping them to ensure the highest possible accuracy in customer information. |
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| Siebel Systems provides an integrated family of eBusiness applications software enabling multichannel sales, marketing and customer service systems to be deployed over the Web, call centers, field, reseller channels, retail and dealer networks. Innovative offers an integrated suite of data quality and data linking software that parses, cleans, matches and households customer information, ranging from basic name-and-address data to more complex corporate data and user-defined fields. |
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| Innovative's software includes built-in business rules for data quality processing that can be applied to a variety of industries. This feature saves organizations the time and expense of hand coding, and allows them to gain additional value from their investment in Siebel eBusiness Applications. Innovative also provides data cleansing capabilities, based on a proprietary database of more than 2.5 million name-and-address-related words and 100,000 word patterns. This knowledge base allows users to accelerate identification and correction of millions of name-and-address errors, anomalies and misspellings. The combination of Innovative's products with Siebel eBusiness Applications ensures that companies have an up-to-date and accurate customer database. |
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| "Innovative's data quality tools will enhance the functionality of Siebel eBusiness Applications. Given the importance of accurate data in building dynamic customer relationships, we are pleased that our joint clients will now have the opportunity to take advantage of Innovative's more than 30 years' experience in data quality management," said Catherine Cherubino, senior managing director of alliances for Siebel Systems. |
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| According to a recent study by Gartner Group, worldwide spending on customer relationship management (CRM) licenses and services is expected to reach $76.3 billion in 2005, up from $23.3 billion in 2000. In spite of this major investment in CRM, organizations continue to miss sales opportunities and lose valued customers due to corrupt data. In fact, Innovative research shows that as much as 35 percent of customer information in enterprise systems may be inaccurate and up to 30 percent duplicated. Using the Web as a sales channel increases the likelihood of flawed data entering enterprise systems, as the responsibility for data input shifts from professionals to individual e-customers. |
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| "With the combination of Innovative tools and Siebel eBusiness Applications, companies can overcome data quality problems and fully realize the vision of customer-centric eBusiness," said Bob Colonna, president and CEO, Innovative. "Through this partnership, we can introduce our data quality solutions into Siebel Systems' Global 2000 customer base and help our existing customers extend the benefits of Innovative products to their new Siebel eBusiness Applications implementations. This collaboration is a part of Innovative's ongoing effort to offer customers enhanced value and performance by establishing alliances with key technology vendors." |
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| Innovative has committed to integrating and validating its products with Siebel eBusiness Applications by Q4, 2001. |
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Except for the historical information contained herein, this press release contains forward-looking statements that involve risk or uncertainties. Future operating results of Siebel Systems may differ from the results discussed or forecasted in the forward-looking statements due to factors that include, but are not limited to, risks associated with customer and partner relations, such as the availability of Siebel Systems' products and services, customer implementation of products and services, relationships with third-party vendors and systems integrators, existence of errors or defects in products, ability to successfully manage growth, significant current and expected additional competition and the need to continue to expand product distribution and services offerings. Further information on potential factors that could affect the financial results of Siebel Systems are included in Siebel Systems' Annual Report on Form 10-K for the year ended December 31, 2000 and its other filings with the Securities and Exchange Commission.
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| Siebel is a trademark of Siebel Systems, Inc. and may be registered in certain jurisdictions. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only |
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| About Innovative Systems, Inc. |
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| Innovative Systems is a world leader in delivering enterprise customer information solutions to organizations whose success depends on a complete and accurate understanding of their customers. ISI's solutions include: i/Lytics® Enterprise Data Quality Suite; i/Lytics GLOBAL™ Suite for CASS™ certification, geocoding, and longitude/latitude coordinates; Synchronos™, ISI’s proven CDI and enterprise customer management solution; and FinScan™ for compliance list, sanctions and PEP screening compliance. |
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| Since 1968, companies worldwide have relied on ISI’s data quality software, systems integration, database solutions and customer data quality audits. The company has set the standard for data quality management in thousands of customer-centric projects utilizing the firm’s services for creation and maintenance of customer data. ISI’s work has included clients in more than 30 countries. ISI maintains headquarters in Pittsburgh, Pennsylvania, with European operations based in London. Representative offices are in Washington, D.C., Phoenix, AZ, and Mexico City. The Innovative Web site is located at www.innovativesystems.com.
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| Company Press Contact: |
Karin O'Sullivan
Innovative Systems, Inc.
Tel: +1 (412) 937 7678
kosullivan@innovativesystems.com |
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Trademark Notice
i/Lytics, i/Lytics Data Profiler, i/Lytics SECURE, eWatchLine,
Fin-Scan and Synchronos are trademarks of Innovative Systems, Inc. All other products or company names are used for identification purposes only, and may be trademarks of their respective owners. |
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