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Kognitio and Nextanalytics Announce the Signing of an OEM Agreement

Published: November 23, 2008

The agreement between the two firms will deliver value to companies that want to implement and benefit from data warehousing,data analytics,business intelligence implementations without high start–up, operational and support costs.

Kognitio, a global provider of business intelligence (BI) and data warehousing solutions, and Nextanalytics, the developer of a high–performance embeddable analytic engine, recently announced the signing of an OEM agreement between the two firms.  Under terms of the agreement, Kognitio will offer Nextanalytics with its WX2 purpose–built analytical database as part of its Data Warehousing as a Service (DaaS) offering, delivering answers and insights from vast amounts of information in a fraction of the time and costs required from other solutions.

The agreement between the two firms will deliver value to companies that want to implement and benefit from data warehousing/data analytics/business intelligence implementations without high start–up, operational and support costs traditionally associated with such projects.  By combining Nextanalytics’ embedded business intelligence tool with WX2 in a DaaS or managed environment, organizations with limited financial and staff resources can conduct large–scale predictive analytics projects cost–effectively, and gain a competitive advantage in the marketplace by exploiting the untapped information assets they already hold.

“We're thrilled to be part of Kognitio’s product line,”  said Ward Yaternick, President and CTO, Nextanalytics Corporation.  “Our technology is complementary, and has the potential to deliver a level of innovation and synergy that has never been seen before in the BI industry.  Blending WX2’s capabilities with our powerful business layer is exactly what companies need at this time,” he added.