ClearForest Corp. announced release of its Quality Early Warning industry module as part of its product suite. In combination with ClearForest Analytics, the Quality Early Warning module facilitates resolution of warranty, product safety & quality issues through early discovery of component and system-level failures. By enabling organizations to systematically analyze unstructured text and enterprise data simultaneously, ClearForest facilitates unified business intelligence. Developed specifically for capital equipment, automotive & durable goods manufacturers, ClearForest’s Quality Early Warning solution provides industry-specific expertise necessary to detect, analyze & reduce warranty costs by uncovering root cause & effect. ClearForest solutions may be deployed as a stand-alone analytics application supporting specific queries, visual analytics and reports, or fully integrated within existing Business Intelligence systems such as those offered by Cognos or Business Objects. Examples of unstructured text sources include web-based survey data, news articles or research as well as other electronic formats such as emails, contracts, spreadsheets and warranty claims. www.clearforest.com
Day: August 30, 2004
Hummingbird Ltd. and Certus Software, Inc. announced a technology partnership to offer organizations a comprehensive solution to implement and certify internal controls to comply with the Sarbanes-Oxley (SOX) Section 404 financial business processes. Hummingbird Enterprise DM creates an organized, secure environment that manages the lifecycle of financial documents from creation to destruction. Companies can capture and organize policies and procedures in secure and manageable repositories allowing users to search and access documents across the enterprise. Hummingbird will integrate Certus’ Governance Suite, into Hummingbird Enterprise to provide internal controls and assurance software based on a compliance platform for SOX Sections 103, 302, 404, 409, and 906. Certus’ software helps corporations document, implement and sustain internal and disclosure controls required by law. Certus’ suite enables documented activities to be instituted, executed, monitored, tested and demonstrated. www.certus.com, www.hummingbird.com
Open Text Corporation has signed a definitive agreement to acquire the Vista Plus suite of products and related assets from Quest Software Inc. Vista Plus captures and stores business-critical information from packaged applications like Oracle E-Business Suite, PeopleSoft and mySAP as well as custom and mainframe legacy environments. The acquisition expands Open Text’s integration and report management capabilities as part of its ECM suite. Vista provides a platform from which to address report content found in ERP applications, and business intelligence (BI) software from Cognos, Business Objects, Crystal Reports and others. The Vista Plus Suite consists of three components, an output manager, electronic forms server and a scalable central repository. Together they control and deliver all business output to any user via multiple delivery channels. The transaction is expected to close in September 2004. The product acquisition is structured as a cash asset purchase and the purchase price is approximately $24 million. As part of the transaction, Quest employees will become a part of Open Text. www.opentext.com, www.quest.com
