Panorama Software

Panorama Software

October 26, 2006 11:39 ET

Panorama Software Secures Strategic OEM Partnership With Cartesis

Cartesis Performance Management Solution Embeds Panorama'R' Business Intelligence Technology

TORONTO, ONTARIO--(CCNMatthews - Oct. 26, 2006) - Panorama Software, a global leader in business intelligence (BI) solutions, today announced a strategic OEM partnership with Cartesis, the world's leading specialist in finance and performance management software, to offer a complete analytical solution to Cartesis' existing corporate performance management (CPM) solution, Cartesis Analytics, an important component of the Company's full performance management solution, Cartesis 10.

Shared by Cartesis Analytics, Cartesis Finance and Cartesis Planning, the Cartesis 10 integrated data model (IDM) offers a rich depository and single source for financial and operational management information. Much of the new Cartesis Analytics offering embeds Panorama's BI technology through this exclusive partnership agreement.

"As a global leader in business intelligence solutions, we are pleased to partner with one of the industry's best in performance management," said Eynav Azarya, CEO, Panorama Software. "The partnership between Panorama and Cartesis has been a natural synergy since the research and development stage, and we are proud to work with Cartesis to offer an innovative and strategic BI technology for their CPM solution."

"Cartesis chose Panorama after evaluating a number of different BI solutions," said Didier Benchimol, CEO, Cartesis. "Our decision to partner with Panorama and integrate its technology as the engine to drive analysis, reporting, scorecards and dashboards within Cartesis 10 was made for many reasons, including the ability to fully and seamlessly integrate with Microsoft products. Panorama simply offers the most flexible solution with the greatest ability to accommodate our customers' needs."

About Panorama Software

Panorama Software empowers global organizations with the ability to rapidly identify trends, maximize business opportunities and improve corporate performance and results through enterprise business intelligence and performance management solutions. Panorama® NovaView™, the company's flagship solution, amplifies the impact of the information worker through a tightly integrated and complete suite of analysis, reporting, scorecard, dashboard and data modeling applications that support the two leading Business Intelligence platforms, SAP (NYSE:SAP) and Microsoft (NASDAQ:MSFT). Panorama NovaView allows end users to freely explore their data using scalable and intuitive applications.

Founded in 1993, Panorama is a leading innovator in Online Analytical Processing (OLAP) and Multidimensional Expressions (MDX). Panorama sold its OLAP technology to Microsoft Corporation in 1996 and is now integrated into the SQL Server platform as SQL Server Analysis Services. Panorama supports over 1,000 customers worldwide in industries such as financial services, manufacturing, retail, healthcare, telecommunications and life sciences. Panorama has a wide eco-system of partners in 30 countries, and maintains offices throughout North America, EMEA and Asia. More information is available at www.panorama.com.

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