Nstein Technologies Partners with Visual Analytics to offer best-of-breed Visual Rendering for its Advanced Analytics Platform
2005-03-07
Strategic Partnership Increases Market Presence; Provides Single-Source for Homeland Security and Intelligence Agencies Seeking Multilingual Advanced Analytics Solution
Montreal, Quebec and Poolesville, MD - March 7, 2005 - Nstein Technologies Inc. (TSX-V: EIN), a leader in advanced linguistic-based Business Intelligence (BI) solutions, and Visual Analytics Inc. (visualanalytics.com), the leading provider of pattern discovery and information sharing solutions, announced today that they have entered into a strategic partnership to provide homeland security and intelligence agencies with a fully-integrated platform for collecting, analyzing, translating, sharing and visually representing structured and unstructured multilingual data.
"We are excited to be working with Visual Analytics as we pursue our best-of-breed technology integration strategy with the objective to provide the most advanced Early Warning systems with superior interoperability" said Mario Girard, Chairman and CEO of Nstein Technologies. "We expect to accelerate our market penetration in the USA and abroad with a complete, unique and perfectly tailored technology solution for Homeland Security & Intelligence organizations."
The partnership offers analysts, law enforcement, anti-money laundering, and counter-terrorism professionals a platform that can analyze unstructured data in all major languages. The platform also represents the only solution that will include visual rendering and link analysis coupled with Nstein's market-proven advanced analytics and automated translation technology in all major languages.
"Our products and services compliment each other well in the advanced analytics space," said Chris Westphal, Chief Executive Officer of Visual Analytics. "This synergy will allow us to increase our market share by providing an immediate and critical solution to key customers and prospects in this space. We look forward to working with Nstein and integrating our best-of-breed technologies to address critical needs within the industry."
VAI's next-generation technologies allow organizations to keep control and oversight of their data while at the same time securely sharing their data with other organizations or agencies. These tools also remove the need for data to be translated into a central repository, effectively creating a virtual data warehouse, which saves organizations an enormous amount of time and money and guarantees the most up-to-date and accurate information.
Under the terms of the agreement both parties will engage in co-marketing and sales initiatives.
About Nstein TechnologiesÂ
Nstein Technologies, (TSX-V: EIN), an innovative software development company, provides large corporations and organizations with a Global Intelligent Information Management (GIIM) platform for structured and unstructured multilingual data sources. This flexible platform assimilates, organizes, analyzes (text mining), translates, shares and disseminates information essential to operational and decision-making processes. Nstein's GIIM-based solutions provide decision-makers with highly pertinent information and transform reactive decision-making into a proactive and even predictive process. Nstein offers new Business Intelligence (BI) solutions that create a new level of global knowledge, accessible at any time, particularly suited to e-publishing, finance, legal, government and homeland security markets. Nstein is based in Montreal, Canada with a customer-facing presence in Boston, San Francisco, Washington D.C., New York and Paris. More information is available at www.nstein.com.
About Visual Analytics
Founded in 1998, Visual Analytics Inc. (VAI) is a privately held company based in the Washington, DC metropolitan area focused on Superior Pattern Discovery and Data Sharing Solutions. VAI serves markets requiring sophisticated data sharing and high-end analytics. VAI has created a suite of tools, collectively called "The Data Clarity Suite," based on the VisuaLinks® and Digital Information Gateway (DIG™) technologies that are used to search, structure, and present data for analysis and discovery. More information on VAI can be found at http://www.visualanalytics.com.
- The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
- Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events
- Visual Analytics Inc, VisuaLinks, DIG and Data Clarity are registered trademarks or trademarks of Visual Analytics Inc. All other trademarks and registered trademarks used in this document are the property of their respective companies.
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For more information:
Nstein Technologies Inc.:
Investor Relations
Bruno Martel
Finance Director
Nstein Technologies Inc.
Tel: 514 908-5406
bruno.martel@nstein.com
Rina Marchand
Marketing Manager
Nstein Technologies Inc.
Tel: 514 908-5406
rina.marchand@nstein.com
Media
Lise Alsbrooks
RMR & Associates
Tel: 301 217-0009, ext. 40
lise@rmr.com
