IFUL Insightful Corp (MM)

Insightful Corporation (NASDAQ:IFUL), a leading provider of predictive analytics and reporting solutions, announced today that a fund of hedge funds in Europe, managing assets worth billions of dollars, has chosen the S-PLUS� enterprise platform for deployment of proprietary and mission-critical analytic models originally prototyped in R, the free open-source dialect of Insightful�s S language. The fund made a significant investment in S-PLUS licenses, including S-PLUS Enterprise Developer, S-PLUS Enterprise Server and S+FinMetrics�. The fund adopted S-PLUS primarily to gain robust and scalable server-based technology not available in R. The fund of funds monitors and analyzes hedge funds, investing in those funds that meet the performance criteria measured using complex models. For example, models are used to determine whether a particular fund�s high returns were due to chance or due to superior fund management. In addition to using the S-PLUS platform internally to create and deploy analytic models, the fund of funds plans to use it in marketing efforts. The benefits of migrating to Insightful�s S-PLUS platform include: A robust and scalable server architecture and database connectivity Reliable server-class software that is easy to manage in a production environment A commercially supported and well-tested predictive analytics platform, guided by specialist consultants experienced in optimizing code performance Scalability in both the range of financial�modeling and the use of more powerful hardware Commercial support and maintenance �We believe that this engagement is representative of a broad market opportunity for analytic reporting and server deployment to large data sets and increasing numbers of analytic users,� said Jeff Coombs, president and CEO of Insightful. �Companies currently using R or S-PLUS for prototyping analytic models are increasingly looking for an enterprise-scale analytic modeling and reporting platform, such as S-PLUS, for enterprise deployment.� S-PLUS Enterprise: Commercial support for cutting-edge statistics The S programming language, originally developed at Bell Labs (later Lucent Technologies), is a de facto standard among statisticians for the development of predictive analytic models. Insightful owns the copyright to the software code underlying the S language. Insightful�s mission is to bring the predictive analytics benefits of the S language to increasing numbers of users across commercial organizations, through enterprise server and analytic reporting deployments of predictive analytics. The S-PLUS Enterprise platform provides extensive value-add capabilities on top of the base S language: Enhanced Development Environment for Streamlining Development of Statistical Applications: S-PLUS 8 includes the S-PLUS Workbench, an integrated development environment designed to manage larger projects and enable development teams to create rigorous applications faster than ever before. Interactive Graphics: S-PLUS 8 provides an interactive graphics system with a large and normalized palette for the creation of statistical charts to exact specifications. Customized, Automated Reports: An XML reporting library speeds development of customized reports incorporating statistical tables and publication-quality graphics. Enterprise-wide Access to Analytics: Once created on the desktop, applications can be seamlessly deployed onto the S-PLUS Enterprise Server to deliver results and reports across an enterprise, within existing applications or specialized web-based portals. Built with an open architecture meeting modern IT standards, the S-PLUS 8 Enterprise Server provides an easy-to-deploy and cost-effective platform for advanced analytics, with a fully documented Services Oriented Architecture. Scalable, Secure and Robust Production: Using out-of-memory processing, not available in R, and providing support for load balancing across server clusters, S-PLUS 8 Enterprise Server will scale to handle large data sets. S-PLUS 8 Enterprise Server also supports single sign-on/pass-through authentication. Utilize the Latest in Statistics Research: With the S-PLUS package system, new in S-PLUS 8, users can convert R packages for use within the commercially supported environment of S-PLUS. Insightful in Financial Services Insightful brings 20 years of experience in advanced analytics, aiding financial service organizations in effectively maximizing profit and minimizing risk. Insightful products and solutions help banking, insurance and investment organizations address the ever-changing risk and investment management challenges unique to each industry. Insightful products and solutions help financial service organizations drive utilization of risk management and analytics through rapid predictive model development and deployment; make accurate and timely decisions based on advanced analytics; and realize significant benefits related to risk capital and improvements in risk-adjusted measures of performance. ABOUT INSIGHTFUL Insightful Corporation (NASDAQ:IFUL) is a leading provider of predictive analytics and reporting solutions. Insightful products S-PLUS�, Insightful Miner� and S-PLUS� Enterprise Server allow companies to perform sophisticated statistical data analysis and data mining and create high-quality graphics and reports. Insightful has been delivering industry-leading, high-ROI solutions to thousands of companies in financial services, life sciences, telecommunications, and manufacturing, plus government and research institutions, for 20 years. Headquartered in Seattle, Insightful has offices in New York, North Carolina, Switzerland, the United Kingdom, France and Hong Kong, with distributors around the world. For more information, visit www.insightful.com, email info@insightful.com or call 1-800-569-0123. Note to Investors � Forward-Looking Statements This press release contains forward-looking statements, including but not limited to statements about the potential performance and advantages of our products and solutions and the potential value of our products and solutions to customers. Forward-looking statements are based on the judgment and opinions of management at the time the statements are made. These statements are not guarantees of future performance, and inaccurate assumptions and known and unknown risks and uncertainties can affect their accuracy. These statements are not guarantees of future performance, and inaccurate assumptions and known and unknown risks and uncertainties can affect their accuracy. Actual results could differ materially from those expressed or implied by the forward-looking statements for a number of reasons, including, without limitation, the risk that our products and solutions do not perform as designed and expected. More detailed information regarding these and other factors that could affect actual results is set forth in our filings with the Securities and Exchange Commission, including our most recent report on Form 10-QSB. You should not unduly rely on these forward-looking statements, which apply only as of the date of this release. We undertake no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of anticipated events.