SOURCE: PrecisionPoint Software

November 29, 2006 14:30 ET

PrecisionPoint Software Expands US Operations to Keep Up With Growing Demand in the Region

Two Business Intelligence Pioneers Hired to Lead PrecisionPoint Software's Increasing Penetration in North America

BRACKNELL, UK -- (MARKET WIRE) -- November 29, 2006 --PrecisionPoint Software (formerly AnalySoft Development Ltd), the company that brings sophisticated business intelligence (BI) to Microsoft® Dynamics NAV -AX -GP™, today announced it is intensifying its future business development in North America.

All efforts in the region will be led from the new regional headquarters in Waltham, MA. The expansion will be driven by the appointment of BI veterans, Dyke Hensen, who joins as VP of Marketing and COO for PrecisionPoint's North American operations, and Robert Kemper, who joins as Vice President of Research and Development. PrecisionPoint's North American customers already include Steinway & Sons, Broadsoft, Twinings Tea, Basic Chemical and Habitat for Humanity.

Dyke Hensen, formerly Senior VP of Marketing at SPSS, Inc. is a 20-year veteran in the area of BI software and has held management positions with leading firms such as Hyperion Solutions, Arbor Software and Pilot Software. Mr. Hensen will be responsible for PrecisionPoint's North American operations and will oversee worldwide marketing playing a strategic role in the company's growth.

Mr. Hensen looks forward to riding another winner. "The first time I saw PrecisionPoint Software create a fully functional business warehouse directly out of a Microsoft Dynamics NAV ERP system in less than an hour -- a business warehouse that traditionally would have taken months of consulting time to put in place -- I knew I had to be part of this company."

Robert Kemper, another 20-year BI expert, joins PrecisionPoint Software as Vice President of Research and Development. Mr. Kemper will be responsible for driving strategic technology and product development initiatives. He is well qualified to take on this role. As Senior VP of Research and Development at SPSS, Inc. he was instrumental in the development of predictive technology, and at Hyperion he was responsible for the complete line of Hyperion's reporting tools and the development of Hyperion Enterprise, Planning and Financial Management applications.

Mr. Kemper recognizes the huge potential of the PrecisionPoint Business Warehouse. "PrecisionPoint is the first company I have seen that addresses the specific needs of mid-market ERP users by delivering a robust self-maintaining business warehouse, which is fully compatible with SQL Server 2005 and Office 2007. It is an ideal platform for future product development and market domination."

PrecisionPoint has recently launched PrecisionPoint Business Warehouse version 3.0, an enterprise-caliber platform for interactive reporting and analysis that extends data access and reporting functionality by providing full compatibility with Microsoft® SQL Server 2005™, ProClarity™, Microsoft® Office 2007™, Reporting Services and SharePoint Services.

Dr. Nigel Geary, Founder and CEO of PrecisionPoint Software, comments on this milestone for the company. "Expanding our US operations is significant because it demonstrates the rapid demand for BI in the mid-market. Our growing management team, with over 100 years of experience in enterprise BI and ERP systems, is leading the way by responding with a complete business warehouse for the benefits of our customers and the assurance that we will continue to drive innovation in the mid-market."

About PrecisionPoint Software

PrecisionPoint Software is the company that brings sophisticated business intelligence (BI) to Microsoft® Dynamics™ ERP systems, including Dynamics NAV, Dynamics AX and Dynamics GP.

The fully automated PrecisionPoint Business Warehouse offers the lowest ongoing cost of ownership for a world-class, integrated business warehouse and the benefit of the mid-market. PrecisionPoint provides an enterprise-caliber platform for reporting and analysis that is fully compatible with SQL Server 2005™, ProClarity™, Microsoft® Office 2007™, Reporting Services and SharePoint Services.

PrecisonPoint Software is headquartered in Bracknell, UK, with a US HQ in Waltham, Massachusetts and sales and support offices in New Jersey, California, Texas and Johannesburg, S. Africa.

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