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IN-Q-TEL SIGNS STRATEGIC AGREEMENT WITH SPOTFIRE TO BRING POWER OF VISUAL DATA ANALYTICS TO GOVERNMENT AGENCIES

June 7, 2004
Read the Paper

Spotfire DecisionSite Guided Analytics Platform to be Enhanced for U.S. Government

June 7, 2004
Somerville, MA

Spotfire  Inc. announced today that In-Q-Tel, the independent non-profit venture capital  group funded by the Central Intelligence Agency (CIA), has entered into an  agreement to enhance the capabilities of DecisionSite, Spotfire's analytics  platform, for use by US government agencies for Homeland Defense and National  Security. The agreement includes a small equity investment as well as an  immediate purchase of DecisionSite and DecisionSite Posters software in  addition to a significant co-development project.

Spotfire's  DecisionSite interactive, visual data analysis software delivers improved  insight into many types of complex data, allowing users to make faster  decisions with more confidence. The DecisionSite platform allows the rapid  development of purpose-configured analyst workbenches with its unique Guided  Analytics to automate analysis workflows and assist users in their work. The  product is widely used in the pharmaceutical, high-tech manufacturing and  energy industries as well as by government agencies such as the FDA and FAA.

Under  the agreement, DecisionSite will be enhanced to integrate, analyze and  visualize information from both text data mining tools as well as statistical  tools - addressing the need to analyze large amounts of text and provide  analysts with visual search and browse capabilities.

"The  federal government is faced with an unprecedented information tsunami - of both  structured and unstructured information - and information workers need to be  enabled to browse, analyze, and search this information to find patterns,  trends, outliers, and anomalies," said Christopher Ahlberg, CEO of  Spotfire. "Spotfire enables organizations to rapidly build tailored  analyst workbenches targeted at the most challenging information problems of  today."

"The  ability to fuse and visualize data from multiple sources remains a critical  task across all types of enterprises," said Gilman Louie, CEO of In-Q-Tel.  "Whether the private sector or in government organizations, amassing  information is only half the battle. Spotfire's technology is an invaluable  tool to extract value in order to make better decisions."

About Spotfire
 Spotfire,  Inc. provides Guided Analytic applications and services that empower extended  enterprises and their end-users to make faster, more effective decisions. More than  700 Global 2000 customers from pharmaceutical, high tech manufacturing, oil and  gas, consumer packaged goods, and academic markets and over 25,000 users gain  insights with Spotfire products worldwide. The company maintains U.S.  headquarters in Somerville, Mass., and European headquarters in Göteborg,  Sweden. Additional information can be found at www.spotfire.com.              

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