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PRESS RELEASE FOR IMMEDIATE RELEASE
25TH November 2004



Datawatch Europe exhibits at MEFTEC Bahrain and expands business relationships with the Middle East

Datawatch Europe, leading provider of business intelligence, enterprise reporting, data transformation and support centre solutions recently exhibited at the first MEFTEC Bahrain, 22nd – 24th November, in support of its expansion into the Middle Eastern Market.

The first MEFTEC (Middle East Financial Technology Exhibition and Conference) was a truly international event, attended by over 1000 delegates, including diplomats, businessmen, bankers and leading corporate-sector figures. UK based Datawatch Europe were pleased to receive a personal visit from the British Ambassador of Bahrain, Robin Lamb to their stand.

Bahrain is the banking hub of the region. In the opening address given by Shaikh Ahmed, the revolutionary changes taking place in the banking and financial sector were outlined. He said “A major problem facing most of us is - we depend more and more on technology, that the efficiencies of those technologies is correspondingly dependent on how effectively those different systems can talk to each other”.

Following the successful implementation of Monarch Pro into Dubai Bank, Datawatch Europe is keen to develop business within the Middle East by forging partnerships with resellers. Used by banks world wide, Monarch can help any organisation perfect their business process management without investing in expensive new technology, by combining and mining totally separate databases to produce seamless reports.

It has never been more important for organisations to have control over their data. Being able to manage corporate data and business processes to meet the changed compliance objectives resulting from Enron and, where appropriate, Sarbanes-Oxley and even Basel 2 effectively affects all businesses, both public and private.

Rob Graham, Datawatch Product Manager for Europe and the Middle East comments “The Middle East is an exciting new territory for Datawatch. Sheikh Ahmed bin Mohammed Al Khalifa (Governor of Bahrain Monetary Agency) has urged Bahrain’s banking and financial sector to take full advantage of the best technology the world has to offer. With 500,000 users in over 20,000 organisations, our products enjoy a world class reputation. Our stand was visited by most of the key banks in the region. They were most interested to learn how we could help deliver the new compliance imperatives demanded by the Basel ll Accord. We anticipate strong growth in the Middle East and are confident that our products will meet the strict criteria required in today’s business environment”.

Datawatch has partnerships with a variety of key technology vendors including Microsoft and Software AG. The company maintains offices throughout the US, Europe and Australia, offering worldwide service and support levels to their customers.


About Datawatch Corporation
Datawatch Corporation is a leading provider of business intelligence and IT support solutions that help organisations increase productivity, reduce costs and gain competitive advantage. Datawatch products are used in more than 20,000 companies, institutions and government agencies worldwide, by around 500,000 users.

Datawatch works with VARs, integrators, consultants and independent software vendors who sell and support Datawatch products. In addition, Datawatch works with OEM customers who embed Datawatch components and technologies in their own solutions.

Further information can be found at www.datawatch-europe.com.

Images available for press use can be found at http://www.avanquest.co.uk/pressrelease/

Contacts:
Press Information
Alison Hall, Public Relations
Email: alison.hall@alisonhall-pr.co.uk
Tel: 07899 986932

Datawatch Europe Ltd
Rob Graham
European and Middle East Product Manager
Email: rob.graham@datawatch-europe.com
Tel: 01962 835014




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