Kx Systems Signs OEM Agreement with Datawatch

Time-series database kdb+ to be used in high velocity visual discovery

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May 29, 2014, 08:55 ET

CHELMSFORD, Mass., May 29, 2014 /PRNewswire/ -- Datawatch Corporation (NASDAQ-CM: DWCH), a leading provider of visual data discovery solutions, today announced an agreement with Kx Systems, a leader in high-performance database and time-series analytics, to OEM the kdb+ database in Datawatch's visual data discovery software.

Datawatch specializes in providing visual data discovery solutions that can leverage all of the data within an enterprise, regardless of its type, its size or the speed at which it is delivered, including streaming, real-time sources. Its visual data discovery environment enables businesses to visualize historic data, as well as rapidly changing real-time data streams, from machine data sources such as sensors, switches and trading engines.

Kx has an ultra-high-speed database called kdb+, with an expressive query language, q, that are optimized for analyzing vast amounts of data in real-time and historically. Its benchmark performance is highlighted in the independent STAC M3™ results, and it is utilized by a significant number of existing Datawatch customers. This OEM agreement will help Datawatch accelerate the development and deployment of data intensive solutions for all its customers across industries, by enhancing Datawatch's native data caching capabilities. Many leading global organizations already use the integrated Kx and Datawatch solution to deliver real-time visualizations on ultra-high-speed streaming data, including several of the largest financial service firms in the world.

"We are thrilled about the OEM relationship we have established with Kx," said Ben Plummer, chief marketing officer and senior vice president, Strategic Alliances for Datawatch. "This relationship allows us to support a whole new set of customers by adding superb in-memory caching performance to our platform – optimizing it for machine and sensor data solutions."

"Kx Systems is particularly pleased to sign this OEM agreement with Datawatch. Combining their well-known visualization capabilities with the kdb+ database extends Kx's data storage and analysis capabilities, thereby creating a more powerful product," said Janet Lustgarten, CEO Kx Systems. "Datawatch's selection to embed kdb+ is another sign of the expanding interest of software companies in the use of Kx technology."

Datawatch will be presenting at the next Kdb+ User Group Meeting in London on June 3rd showing how high velocity visual data discovery can extend the value of kdb+ databases. Email your details to [email protected], if you are interested in attending the event.

About Datawatch Corporation
Datawatch Corporation (NASDAQ-CM: DWCH) provides visual data discovery software that optimizes any data – regardless of its variety, volume, or velocity – delivering next generation analytics to reveal valuable insights for improving business. Its unique ability to integrate structured, unstructured, and semi-structured sources like reports, PDF files and EDI streams with real-time streaming data into visually rich analytic applications allows users to dynamically discover key factors that impact any operational aspect of their business. This ability to perform visual discovery against any data sets Datawatch apart in the big data and visualization markets. Organizations of every size, worldwide use Datawatch products, including 99 of the Fortune 100. Datawatch is headquartered in Chelmsford, Massachusetts with offices in New York, London, Munich, Stockholm, Singapore, Sydney and Manila, and with partners and customers in more than 100 countries worldwide. See the Whole Story for yourself by downloading the free trial at www.datawatch.com/trial.

About Kx
Kx Systems offers a unified approach to real-time and historical data analysis with its high-performance time-series kdb+ database platform. Kdb+ provides a portable, expressive query and programming language, q, to analyze and store streaming events, manipulate in-memory and on-disk databases, and build distributed, low-latency applications. The company's focus is on delivering the best performance and flexibility for high-volume, data-intensive analytics and applications. For more information, visit kx.com.

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; risks associated with acquisitions, including the recent acquisition of intellectual property from Math Strategies and the acquisition of Panopticon; 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 next generation analytics in particular; Datawatch's dependence on its principal products, proprietary software technology and software licensed from third parties; risks associated with international sales and operations; risks associated with indirect distribution channels and co-marketing arrangements, many of which were only recently established; the adequacy of Datawatch's sales returns reserve; risks associated with a subscription sales model; 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, 2013 and Form 10-Q for the quarter ended December 31, 2013. 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

Kx Editorial Contacts:
Kate Garratt , Daniel Diaz
Aspectus PR for Kx Systems
Phone: (646) 202-9842, (646) 202-9814
[email protected], [email protected]

© 2014 Datawatch Corporation. Datawatch and the Datawatch logo 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.

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SOURCE Datawatch Corporation