MEXICO CITY and CHELMSFORD, Mass., March 6, 2012 /PRNewswire/ -- Datawatch Corporation (NASDAQ-CM: DWCH) and Technolab Corporation announced today that they have signed a reselling agreement that calls for Technolab to add Datawatch's report analytics products and services to its Business Intelligence and Enterprise Performance Management solutions and capabilities in Latin America. This reselling relationship will initially focus on targeting the financial services, public and distribution markets in the fast growing economies of Mexico, Brazil, Argentina and Panama, with other sectors and countries to soon follow.
"An important aspect of our high growth business strategy is expanding our partner ecosystem and geographic reach," said Michael Morrison, president and CEO, Datawatch. "With Technolab, we achieve both of these goals with a well-respected business consultancy that has extensive reach in Latin America, as well as a rich background in business intelligence solutions. We at Datawatch firmly believe that report analytics fills the business intelligence "blind spot," and the combination of our Datawatch Report Analytics platform with traditional analytical solutions provides the most complete view of information that drives the best informed decisions throughout organizations.""Technolab is unique in its ability to provide the Latin American marketplace with a full range of services focused on Business Intelligence and Enterprise Performance Management solutions," said Paulo Dominguez, CEO, Technolab. "We pride ourselves on our ability to deliver complete solutions including Business Intelligence Centers of Excellence, Managed Support Services and SaaS. The addition of Datawatch Report Analytics fills a gap in our BI portfolio. Now, Technolab can provide our Latin American clients with the ability to immediately and effectively access all of the actionable information previously "locked away" in disparate formats – such as the existing reports required to run their businesses – at a fraction of the cost of traditional analytical solutions." Datawatch becomes one of Technolab's key strategic alliance partners in Latin America. Technolab becomes part of a growing portfolio of international partners capable of delivering Datawatch's Report Analytics platform to key markets around the world.