Vero Software Plc (AIM:VERO) has today announced that is has launched a new division – Vero Insight. Created to focus on the rapidly expanding market for Business Intelligence (BI) software and related services, Vero Insight will market and deliver a comprehensive suite of Data Mining software applications and software toolkits alongside a range of services to manage delivery, installation, training, support, project management and consultancy.
To support its plan to grow both software and services revenue, the company has licensed development, support and distribution rights for Mineset™ - the real-time, 3D Visual Data Mining software from SGI (NASDAQ: SGIC). In addition to this, a team of former SGI Mineset software, services and sales staff will be joining forces with new employees to ensure the new Vero Insight division is running at full momentum immediately.
At a time when businesses are continuing to generate, gather and store vast amounts of information Vero Insight believes that the challenge is now to make better use of this data mass, find an intelligent way to interpret it and ensure it delivers a return on investment. The company is confident that Mineset will address all these demands and enable businesses to realise the true value of their data assets.
“Mineset has unique 3D visualisation and very large data set handling capabilities that make business-critical information accessible and easily understood, to all users across the enterprise,” said Gareth Lane, General Manager of Vero Insight. “It delivers unparalleled value and insight, making it the most effective business data analysis tool available today. The creation of Vero Insight demonstrates the focus and dedicated resources that we have to successfully continue to further extend the capabilities of Mineset and to build, and deliver, service-based offerings around the software.”
Don Babbs, Chief Executive of Vero Software Plc added “The licensing of Mineset and the formation of Vero Insight enables us to provide a new offering to our traditional customer base as well as extending our core graphics, mathematics and distribution capabilities in a new, but allied, sector.”
To find out more about Vero Insight and Mineset please visit www.vero-insight.com
About Vero Software Plc
Vero Software Plc (AIM: VERO) is a leading supplier of CAD/CAM software to the mould and die sector. The company creates, owns and distributes software for aiding the design and manufacturing process in specific areas of the manufacturing industry including; the design and manufacture of plastic injection moulds, sheet metal stamping dies, progressive dies, shoe moulds, and electrode production among others. These widespread product types are in turn to be found in a multitude of manufacturing industry sectors such as automotive, electronic, medical, white goods and aerospace. Vero Software Plc is represented in over 40 countries by more than 80 distributors and, in addition to its extensive dealer network, has its own direct sales operations in the UK, France, Italy, USA, Japan, China and Canada.
Specially designed to handle large quantities of data and manipulate and analyse it fast, Mineset features interactive tools for searching, classifying, filtering and drilling down into business data and creating data models on which business decisions can be made. Its real power comes from its ability to support real-time "what if" analyses where users can adjust values or ranges and immediately see the results. Its visualization capabilities are so unique that it's often referred to as Visual Data Mining software. Since its introduction to market in 1999, Mineset has been used by many organizations for a wide range of applications as diverse as fraud and money laundering detection, network intrusion detection, drug discovery research, customer profiling, sales analysis and oil and gas exploration.
Mineset runs on Linux® and Microsoft Windows® operating systems and is available for shipment from Vero Insight immediately.
MEDIA: For further information please contact:
maillot jaune communications
Tel: +44(0)7736 793332
This press release was distributed by ResponseSource Press Release Wire on behalf of Maillot Jaune Communications in the following categories: Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.