from DSSResources.comParascript expands into business intelligence market with announcement of new subsidiaryBOULDER, Colo., Nov. 4, 2004 -- Parascript, LLC, a leading provider of pattern recognition software, announced today that it has launched a new wholly owned subsidiary, Applied Intelligence Solutions, LLC (AIS). AIS's mission is to leverage Parascript's technology platform to develop next generation Business Intelligence solutions. AIS is led by Jim Dixon, who brings more than 20 years experience managing successful software development organizations. Employing Parascript's advanced pattern recognition technology, AIS is developing solutions that combine human expertise with intelligent, learning software to significantly improve and automate complex decision-making processes. AIS solutions learn the critical features and hidden drivers of complex decisions from an organization's top performers, and makes similar recommendations available to all users in the organization. AIS will first apply its software to the retail sector to directly address the industry's need for greater automation and accuracy in optimizing merchandise allocation decisions. Retailers will be able to capitalize on the knowledge and expertise of top allocators to make better allocation decisions that ultimately increase revenues and reduce markdowns, delivering improved profitability to retailers. "Parascript's technology has been a powerful force, helping companies in diverse industries to save money and time. AIS builds on Parascript's established technology to give retailers the tools they need to make decisions critical to merchandising success," said Tom Friedman, founder and president of Retail Systems Alert Group, a well-respected, worldwide authority on retail, e-commerce, and supply chain technology. "We are confident that retailers will be able to make significant gains using the technology for which Parascript is renowned to capitalize on the successes of their best allocators," said Jeff Gilb, President and CEO of Parascript. "With AIS, Parascript is furthering its objective of continuously developing technologies for new markets where they can deliver real economic benefit for our customers." "AIS solutions enable firms to optimize those decisions that are critical to the bottom-line," said Jim Dixon, President of AIS. "By applying AIS's advanced business intelligence solutions, companies can close the gap between top performers and others to maximize revenue and profitability." Parascript's family of technology companies spans almost three decades. A global leader in complex pattern recognition software, Parascript solutions have helped a broad range of customers from Fortune 500 companies to the most sophisticated government postal agencies. AIS will further Parascript's mission to optimize critical business processes by applying the most advanced pattern recognition technology to the most challenging and complex tasks. About Parascript, LLC Parascript's Total Recognition technology converts paper-based information into computer-usable data. It is the first complete technology that recognizes all character types -- cursive, handprint and machine print -- on all forms. Its unique capabilities allow organizations using forms to capture customer information to dramatically reduce their data entry expenses. With Total Recognition technology, companies can turn handwritten and print data, including legacy data, into electronic information that can be used to power web-based offerings and other marketing initiatives. Total Recognition technology is available via a number of channels: as software development kits, through onsite custom solutions and from Parascript's partners. About Applied Intelligence Solutions, LLC Applied Intelligence Solutions, LLC (AIS) offers business intelligence solutions that replicate expert human decisions, providing firms the ability to automate and significantly improve the quality of decisions across their organizations. Improving decision quality yields significant improvements in top-line revenue, bottom-line profit and employee productivity. AIS is headquartered in Boulder, Colorado, with Research and Development facilities in Moscow, Russia. For more information visit the company's web site at http://www.aisllc.com. Parascript and Total Recognition are registered trademarks of Parascript, LLC. All other trademarks and trade names are the property of their respective owners. SOURCE Parascript, LLC Web Site: http://www.parascript.com |