This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Aug. 28, 2013 /PRNewswire/ --
Datawatch Corporation (NASDAQ-CM: DWCH), the leading global provider of information optimization solutions, today completed its acquisition of Panopticon Software AB, a privately held company based in
Stockholm, Sweden and an industry leader in real-time visual data discovery solutions. Former Panopticon shareholders will receive Datawatch shares representing up to 23.6% of the total Datawatch shares outstanding following the closing of the transaction, determined on an adjusted basis. Panopticon is now a direct, wholly-owned subsidiary of Datawatch.
"The Datawatch/Panopticon combination is a great fit strategically and culturally," said
Michael A. Morrison, president and chief executive officer of Datawatch. "Bringing together the leaders in information optimization and real-time visual data discovery will empower our customers to optimize the value of virtually any data, and now do it at the speed their businesses operate – even if that means in real-time.
"We've brought together two teams that share the same passion for innovation and commitment to customer success. We've added another 25 industry veterans to an already very strong Datawatch team – further solidifying our position as the experts in delivering transformative business value to our customers."
The Panopticon acquisition builds on the proven strength of Datawatch Enterprise Server and Datawatch Monarch Professional. Panopticon extends the Datawatch solution to address business users' ubiquitous needs to understand and extract value from their data through a rich, visual data discovery experience. With Panopticon, customers get a strong, self-service solution to explore, discover and visualize any variety of data, in real-time.
Panopticon is a leader in visual data discovery for its innovative real-time technology. The company's in-memory, high speed solution has a proven track record in capital markets, telecommunications, energy and other industries that rely on real-time visual discovery and analytics. Panopticon has also been recognized by industry and analyst organizations for being a technical and thought leader in the marketplace, including being recently named as a "Cool Vendor" in the
Cool Vendors for In-Memory Computing 2013 report by Gartner, Inc.