Datawatch Corporation and Radius Financial Compliance Group Announce Strategic Alliance
CHELMSFORD, Mass., Jan. 18, 2013 /PRNewswire/ -- Datawatch Corporation (NASDAQ-CM: DWCH), the leading global provider of information optimization solutions, and Radius Financial Compliance Group, specialists in the print production of corporate, legal and financial documents, today announced a strategic alliance targeted at providing users the ability to integrate a greater variety of information, including unstructured and semi-structured data formats and sources, to extend and enhance the value of traditional business intelligence solutions and automated publishing. Through the alliance, organizations will be able to more rapidly populate data that might otherwise have been difficult or even impossible to access, sources such as reports, PDF files, EDI streams, log files, and machine data to dynamically generate typeset documents as well as SEC compliance documents including HTML and XBRL files.
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"We at Datawatch are very excited about this strategic partnership with Radius and believe that our technologies working together offer tremendous value to customers," said Michael A. Morrison, President and Chief Executive Officer, Datawatch.
"Delivering Radius Global Publisher to the market while offering our clients the ability to include unstructured and semi-structured data is delivering what we promise to our clients – unparalleled service," said Dean Privetera, President, Radius Financial Compliance Group.
Datawatch and Radius will market and sell the joint solution through their respective direct sales and global channel partners – supporting the alliance with joint marketing, services, and sales.
ABOUT DATAWATCH CORPORATION
Datawatch Corporation (NASDAQ-CM: DWCH) is a leader in providing information optimization products and solutions that allow organizations to deliver the greatest data variety possible into their big data and analytic applications. Datawatch provides organizations the ability to integrate structured, unstructured, and semi-structured sources like reports, PDF files, and EDI streams into these applications to provide a 360 degree perspective of the issues and opportunities that exist in their businesses. More than 40,000 organizations worldwide use Datawatch's products and services, including 99 of the Fortune 100, and businesses of every type can benefit from the power and flexibility of Datawatch's industry leading solutions. Datawatch is headquartered in Chelmsford, Massachusetts with offices in London, Munich, Singapore, Sydney and Manila, and with partners and customers in more than 100 countries worldwide. For more information, visit www.datawatch.com.
ABOUT RADIUS FINANCIAL COMPLIANCE GROUP
Radius Financial Compliance Group, a division of Radius, Inc., specializes in the production of Annual and Semi-Annual Reports, Statutory and Summary Prospectuses, Quarterly Reports, Fact Sheets, 10-Ks, 8-Ks, and 10-Qs. Their automated solution, Radius Global Publisher, is a customizable, cloud based content management system designed to generate typeset, SEC compliant HTML, and XBRL documents. Radius Financial Compliance Group is headquartered in Pembroke, Massachusetts, with clients nationwide and in Canada. For more information, visit http://www.radiusmg.com/financial_compliance/financial_compliance_group.html
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any such statements, including but not limited to those relating to results of operations, contained herein are based on current expectations, but are subject to a number of risks and uncertainties that may cause actual results to differ materially from expectations. The factors that could cause actual future results to differ materially from current expectations include the following: risks associated with the continuing weak global economy; risks associated with fluctuations in quarterly operating results due, among other factors, to the size and timing of large customer orders; the volatility of Datawatch's stock price; limitations on the effectiveness of internal controls; rapid technological change; Datawatch's dependence on the introduction of new products and possible delays in those introductions; competition in the software industry generally, and in the markets for information optimization in particular; Datawatch's dependence on its principal products, proprietary software technology and software licensed from third parties; risks associated with international sales; risks associated with indirect distribution channels; the adequacy of Datawatch's sales returns reserve; risks associated with a subscription sales model; risks associated with acquisitions, including the recent acquisition of intellectual property from Math Strategies; Datawatch's dependence on its ability to hire and retain skilled personnel; disruption or failure of Datawatch's technology systems that may result from a natural disaster, cyber-attack or other catastrophic event; and uncertainty and additional costs that may result from evolving regulation of corporate governance and public disclosure. Further information on factors that could cause actual results to differ from those anticipated is detailed in various publicly-available documents, which include, but are not limited to, filings made by Datawatch from time to time with the Securities and Exchange Commission, including but not limited to, those appearing in the Company's Annual Report on Form 10-K for the year ended September 30, 2012. Any forward-looking statements should be considered in light of those factors.
Investor Contact:
Datawatch Investor Relations
[email protected]
Phone: (978) 441-2200 ext. 8323
Media Contact:
Sarah Bernardi
Datawatch Corporation
[email protected]
Phone: (978) 441-2200 ext. 8387
Twitter: @datawatch
© 2013 Datawatch Corporation. Datawatch, Monarch and their respective logos are trademarks or registered trademarks of Datawatch Corporation in the United States and/or other countries. All other names are trademarks or registered trademarks of their respective companies.
SOURCE Datawatch Corporation
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