Panorama Software

Panorama Software

January 18, 2006 06:00 ET

Panorama Software Signs Enterprise Agreement With Stryker Canada

TORONTO, ONTARIO--(CCNMatthews - Jan. 18, 2006) -

Canadian Supplier of Medical Devices to Utilize BI Solution to Proactively Manage Business

Panorama Software, a global leader in business intelligence (BI) solutions, today announced it has signed an enterprise agreement with Stryker Canada, a division of Stryker Corporation (NYSE:SYK), a worldwide leader in the medical products and services market. Under the agreement, Stryker Canada will use Panorama Software's flagship BI solution to enable the Company to increase performance and sales and reduce overhead costs.

Stryker Canada was seeking a solution that would aid the Company in recognizing key sales and performance trends, control hospital inventories and simplify financial reporting. Panorama will be able to leverage Stryker's current IT infrastructure to deploy Panorama's BI solution that will provide Stryker the ability to quickly identify inventory patterns and trends to make proactive business decisions.

With the newly installed BI solution Stryker Canada anticipates they will be able to make decisions regarding sales and inventory levels to help increase performance and reduce inventory costs. As well, with the new BI solution, Stryker will be more efficient in compiling information for financial reporting purposes in addition to being more focused in accessing the correct information at the right time.

"Stryker Canada is already a leader in the health sciences industry," said Mike Delgado, Vice President Sales, America, Panorama Software. "Panorama is well positioned to provide enterprise BI solutions to ensure Stryker maintains its market leadership position within the industry. The Company will be in a better position to monitor their financial data and obtain rapid feedback resulting in overall organizational growth."

About Panorama Software

Panorama Software helps global organizations unlock the hidden value of their information assets to improve business performance and results. Panorama extends the Microsoft platform through integrated business intelligence and corporate performance management solutions. With Panorama decision makers at all levels and functions can easily analyze data, quickly create and distribute reports, and proactively measure performance. Companies gain a greater understanding of their business and make better decisions. These informed decisions improve profitability, increase revenues, reduce costs and time to market and mitigate competitive risks.

Panorama, a leading innovator of business intelligence solutions, supports customers worldwide in industries such as financial services, manufacturing, healthcare, retail, healthcare, telecommunications and life sciences. Panorama has more than 250 partners in 30 countries, and maintains offices throughout North America and EMEA. More information is available at www.panorama.com.

About Stryker Canada

Stryker Canada brings uniquely Canadian solutions to the Canadian market. They collaborate with surgeons and health care providers to expedite new technologies for the benefit of Canadian patients. Some of this work can be seen in their hospital and long term care beds that are created and manufactured in L'Islet, Quebec. They are also a world class leader in tele-health technology, improving the availability of surgical care to Canadians living in remote geographical locations, who might otherwise not have access to the required medical care. They bring the best technology into Canada, providing products and services that add value to the efforts of medical professionals and aid in the delivery of quality health care to Canadians.

About Stryker Corporation

Stryker Corporation is one of the world's leading medical device companies with the most broadly-based range of products in orthopedics and a significant presence in other medical specialties. The Company's products include implants that are used in joint replacement, trauma, craniomaxillofacial and spine surgeries; orthobiologics; operating room and interventional pain products; surgical navigation, endoscopic, communications and digital imaging systems; as well as patient handling and emergency medical equipment. Stryker also provides outpatient physical therapy services in the United States. The Company's website address is http://www.stryker.com

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