MOUNTAIN VIEW, Calif.-- Feb. 28, 2001 --
Sagent, a leading provider of Business Intelligence solutions,
today announced a new wave of analytical applications for the property
and casualty sector of the insurance industry, community banks and
credit unions, and the second generation Web analytics market.
This announcement is a result of the company's new strategic move
to develop and deliver application solutions that are built on
Sagent's proven technology and which incorporate specific intellectual
capital to ensure customers' rapid return on their investments.
These new analytic applications utilize an application framework,
built from the start, for Web delivery of information. The framework
incorporates application specific data models, a Web-portal user
interface, a metadata repository, specific reports and analyses, and
security functions--all designed to measure and report on
application-specific Key Performance Indicators (KPIs). This approach
provides for rapid implementation and ease of customization.
"Sagent has worked closely with hundreds of our customers to build
solutions that meet their specific business needs," said Ben Barnes,
president and CEO, Sagent. "These solutions leverage this experience
and knowledge, and are field proven and leading-edge."
"Speed to market remains a critical issue to our customers'
business success," Barnes added. "Our analytic applications enable
customers to have access to valuable business information and the
ability to act quickly on that data through sophisticated analyses.
Customers can efficiently make the appropriate business decisions in
response to market changes, competitive pressures and shifting
economic conditions. It gives them a strong competitive advantage."
Sagent Analytical Applications
Sagent's New Banking Solution directly addresses the needs of
community banks and credit unions to leverage customer data from a
variety of sources to grow their business. With built-in analytics
based on financial industry KPIs, Sagent provides a rapidly tailored
CRM solution that delivers valuable, actionable information and gives
banks and credit unions a complete view of their customer. They can
use this data to retain and grow customers, efficiently manage their
business, and leverage market opportunities.
Sagent's New Insurance Solution helps Property and Casualty
insurers enhance their claims analysis and underwriting processes. In
claims, Sagent provides analytic applications to simultaneously
monitor KPIs for the entire claims process, including claims cost and
loss allocated expenses. In underwriting, Sagent can help in locating
new prospects while minimizing underwriting risk. Using internal and
external data, insurers can easily and accurately determine where
customers and prospects are located in relation to property hazards,
such as fire, wind, earthquake, crime, shoreline and flood zones.
Sagent's Web Analysis Solution delivers the information businesses
need to develop more effective Web strategies. This suite of
analytical applications analyzes the experience of Web visitors by
combining click-stream data, third-party demographic and firmagraphic
data, and appropriate internal data to provide a comprehensive
understanding of Web site activity. This analysis is critical to
optimizing the Web in order to meet the overall strategic goals of the
enterprise.
About Sagent
Sagent's suite of Business Intelligence solutions enables
companies to measurably impact their business by implementing highly
successful customer relationship and financial management initiatives.
Through Sagent's powerful enabling technologies, organizations can
easily and rapidly turn company data into relevant information that
can be used for effective decision-making, analysis and reporting.
Information can be extracted from multiple sources (internal and
external), optimized for decision support and delivered in a
customized format for Web-based or client applications. Even the most
complex analytic application can be developed in weeks, not months.
More than 1,500 companies have selected Sagent software to enhance
customer retention, cross-sell/up-sell, improve customer service,
increase efficiencies of marketing campaigns, streamline business
operations, analyze financials, and reduce costs. Customers include
AT&T, BP Amoco, Boeing Employees Credit Union, Bristol Meyers, British
Telecom, California State Automobile Association, Citibank, GPU
Energy, Johnson & Johnson (UK), Kemper National Insurance, Safeway and
Siemens. Sagent retains strategic relationships with partners such as
Advent, Commerce One, Compaq, EDS, IBM, Microsoft, and NEC. Sagent is
headquartered in Mountain View, California, and can be reached at
www.sagent.com.
Sagent is a registered trademark of Sagent Technology Inc. All
other trademarks are the property of their respective owners.
Safe Harbor
The foregoing paragraphs include forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Such statements involve risks and uncertainties. For such statements,
each company claims the protection of the safe harbor for
forward-looking statements under the Private Securities Litigation
Reform Act of 1995. Factors that could cause actual results to differ
from those contained in the forward-looking statements include, among
others, the ability of the parties to attract and retain a broad range
of purchasers, suppliers and trading partners, the parties' ability to
successfully deliver a joint solution to customers, the anticipation
of the growth of certain market segments, the positioning of the
parties' products in those segments, the competitive environment in
the software industry, dependence on other products, changes to
operating systems and product strategy by vendors of operating
systems, and the importance of new products. For a discussion of these
and other risk factors that could affect the parties' businesses, see
"Risk Factors" in each party's filings with the Securities and
Exchange Commission, including its annual report on Form 10-K for the
year ended December 31, 1999, and its quarterly report on Form 10-Q
for the quarter ended September 30, 2000.
|