New Acquisition Extends Datawatch Solutions for Compliance, Auditing, Accounting and Billing Business Process Management
London – September 16, 2004 – Datawatch Corporation, a leading provider of report management, data transformation and service management solutions have announced that it has acquired Mergence Technologies Corporation, www.imergence.com, a privately-held provider of content management software. Mergence products enable collaborative, documented research of enterprise content and metadata to support compliance, auditing, accounting and billing processes.
Mergence has been providing enterprise content and research management services for over five years, primarily to the financial services sector, with sales in 2003 of approximately $1 million and 2004 year-to-date sales of approximately $600,000.
Datawatch will rename the acquired subsidiary Datawatch Technologies Corporation “DTC”.
Commenting on the transaction, Datawatch President and CEO Robert Hagger said: “The acquired technologies and solutions compliment and further extend Datawatch’s offerings in the enterprise report and content management markets. This acquisition brings three key additions to Datawatch: An ongoing revenue stream from existing DTC products and services, primarily marketed in the financial services sector. An important new product called “Researcher” that we expect will be ready for release to current Datawatch customers and new prospects in this quarter, and an experienced and cost-effective development team in the Philippines.”
In the UK, both Datawatch International and Datawatch Europe believe this is an exciting move and are confident that the new technologies will enhance the existing range and be welcomed by the growing UK user base.
ABOUT DATAWATCH CORPORATION
Datawatch Corporation helps organizations easily access, store, distribute, transform and analyse information throughout the enterprise. From report management and analytics to data transformation and Internet presentment, Datawatch Corporation provides solutions that allow organizations to fully integrate and leverage their existing sources of information. Datawatch products are used in more than 20,000 companies, institutions and government agencies worldwide.
The corporate address for Datawatch is 175 Cabot Street, Suite 503, Lowell, MA 01854-3633; telephone (978) 441-2200. More information on Datawatch and its solutions can be found at www.datawatch.com.
UK DATAWATCH ORGANISATIONS
Datawatch International Limited
Tel: 01923 299 000
The Software Centre
Lee Mill Industrial Estate
Tel: 01752 241 461
FOR UK PRESS INFORMATION:
Mpower: Susan Woollard, email@example.com, 07796 698000
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