NewsFrom: Gregory Piatetsky-Shapiro gps
Date: Mon, 25 Sep 2000 13:09:51 -0500 (EDT)
Subject: News Briefs: Infocharger; digiMine; CART 4.0; Angoss
AUSTIN, Texas--(BUSINESS WIRE)--Sept. 12, 2000
TANTAU Software Inc., a leading provider of software and services that enable companies to conduct mobile ecommerce (m-commerce), sold its InfoCharger technology to Accrue Software Inc. (Nasdaq:ACRU) last month. Accrue, the leading provider of eBusiness analytic solutions for optimizing visitor response to Web-based campaign, content, commerce and affiliate initiatives, purchased InfoCharger for 1.67 million shares of Accrue stock and (US)$5 million in cash, which will enable TANTAU to focus on investments in its core m-commerce technology and services. Using a highly parallel architecture, InfoCharger provides comprehensive and innovative data reduction techniques and in-memory processing to efficiently process and analyze billions of Web hits and 100's of millions of page views per day. Accrue plans to integrate InfoCharger into an upcoming release of its Accrue Insight product due out in Q4 2000.
--- SEATTLE--(BUSINESS WIRE)--Sept. 18, 2000
digiMine, Inc., announces the launch of the first business intelligence solution to fully integrate advanced data warehousing and data mining technologies and deliver them as a managed and hosted service.
"digiMine is leveraging the application service provider (ASP) model to eliminate the barriers that cause most data warehousing and data mining initiatives to fail," said Usama Fayyad, digiMine's chief executive officer and world-renowned data mining authority. "digiMine is aiming to revolutionize the industry by making state-of-the-art data mining technology a practical reality for all e-businesses."
In other news, on Sept. 11, 2000 digiMine, announced it closed a $20 million Series B round of funding led by venture capital firm Mayfield Fund. In June, the company closed a two million dollar bridge round for investment by employees and key strategic individuals. digiMine has raised close to $25 million in the five months since its founding.
Sep 25 2000, San Diego, CA. Salford Systems, KDDCup 2000 Winner releases decision tree CART(r) 4.0. Salford Systems is releasing the software used in its recent win in the KDDCup 2000 web mining competition. CART 4.0 was used in every stage of Salford's winning entry, from data cleaning and anomaly diagnosis, through modeling, interpretation and prediction.
Further information on CART 4.0, individual, group, and enterprise wide licensing, and Salford Systems data mining and web mining services can be obtained at http://www.salford-systems.com.
TORONTO--(BUSINESS WIRE)--Sept. 25, 2000
ANGOSS Software Corporation, the industry leading developer of advanced data mining solutions that help business users make better business decisions every day, announced today it has agreed to develop a Data Mining Software Development Kit (SDK) for SQL Server 2000, Microsoft (R) Corporation's industry leading enterprise database application suite. The Data Mining SDK leverages SQL Server 2000's Analysis Services platform and related standards (OLE DB for DM). See http://www.angoss.com/products/SDK/SDKforSQL.html
In other news, ANGOSS reported record third quarter growth in its analytical tools, developer tools and intelligent applications business units. ANGOSS also achieved significant new partnering milestones, improving margins, positive operating cash flow, and an eighth consecutive quarterly operating profit. See http://www.angoss.com/news/q300pr.html
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