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Panorama Software Expands BI Footprint in Russia

Company Partners with Digital Design to Meet the Growing Demand for Business Intelligence Software

TORONTO, ON, October 4, 2007 – Panorama Software, a global leader in Proactive Business Intelligence (PBI) solutions, today announced it has entered into a new partnership agreement with Digital Design, a full-service software development company based in St. Petersburg, Russia. Together, the companies will offer Panorama NovaView®, the Company’s flagship Business Intelligence suite, as well as comprehensive expertise to the Russian BI market.  Digital Design will increase awareness, promote and sell Panorama NovaView® across Russia and its lateral markets in Denmark, Finland, Sweden, the United States and Germany.

“Business Intelligence is one of the fastest growing segments of the software market in Western Europe and Russia,” said Gil Nizri, Managing Director EMEA and APAC, Panorama Software.  “According to research conducted by IDC, the BI market in those regions is growing by about 30 to 35 percent per year.  This strategic partnership will enable Digital Design to offer businesses in Europe an end-to-end PBI suite while enabling Panorama to increase its PBI footprint in that specific market.”

Through Digital Design, Panorama Software is now able to provide BI suite consultation, access, support and expertise to Russia’s business community.  Digital Design is now also able to provide localization in terms of marketing, public relations and sales activities of Panorama’s flagship product, Panorama NovaView®.  

 “In the Russian market, demand for analytical applications applicable at the corporate level are growing and the Russian decision support systems market is still far from saturation,” said Andrew Fedorov, President and CEO, Digital Design. “We, at Digital Design, are pleased to partner with Panorama Software because we believe that it is one of the world’s leaders in Microsoft-based BI systems.  Our collaborative partnership will accumulate best practices from both companies.”

Panorama NovaView®, a complete and fully integrated proactive BI suite, is now generally available to the Russian business community and vertical markets, including logistics and transportation, government, retail and manufacturing sectors.

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About Panorama Software

Panorama Software empowers global organizations with the ability to rapidly identify trends, maximize business opportunities and improve corporate performance and results through enterprise business intelligence and Proactive Business Management solutions.  Panorama® NovaView™, the company’s flagship suite solution, amplifies the impact of the information worker through a tightly integrated and complete suite of analysis, reporting, scorecard, dashboard and data modeling applications that support the two leading Business Intelligence platforms, SAP (NYSE: SAP) and Microsoft (NASDAQ: MSFT).   Through Panorama NovaView, end users are empowered to freely explore their data using scalable and intuitive applications.

Founded in 1993, Panorama is a leading innovator in Online Analytical Processing (OLAP) and Multidimensional Expressions (MDX). Panorama sold its OLAP technology to Microsoft Corporation in 1996, which was rebranded as SQL Server Analysis Services and integrated into the SQL Server platform.  Panorama supports over 1,000 customers worldwide in industries such as financial services, manufacturing, retail, healthcare, telecommunications and life sciences.  Panorama has a wide eco-system of partners in 30 countries, and maintains offices throughout North America, EMEA and Asia. More information is available at www.panorama.com

About Digital Design

Founded in 1992, Digital Design is a software development company based in St. Petersburg, the scientific and engineering center of Russia.  Digital Design has enhanced its distribution network and established an international presence with business operations and dealers in Denmark, Finland, Sweden, USA and Germany.  Digital Design solutions encompass several core groups of services, including customized software solutions development, business solutions deployment and integration, IT infrastructure building and maintenance, and outsourcing software development.  For more information, please visit www.digdes.com.

*All cited names and/or trademarks are the property of their respective owners.

 

Panorama NovaView® and the Panorama logo are trademarks or registered trademarks of Panorama Software Ltd. All other company, product or brand names are the trademarks or the registered trademarks of their respective companies. Panorama Software Ltd. is not responsible for errors or omissions. Copyright 2006 Panorama Software Ltd. All rights reserved.