The Short Names

                                                                                                        - Financial Release June 30, 2009

Hexaware reports strong performance; significant improvement in all operational metrics

·         Q2 ’09 Revenue stood at $ 53.6 mn (Rs. 2,591); exceeds the quarterly guidance of $ 51 mn – $ 53 mn

·         Profit after Tax at Rs. 395 mn up 128.4 % from Rs. 173 mn in Q1 ’09

·         EBITDA Margin increased to 21.5% from 14.8% last quarter; sequential improvement of 670 bps

·         Operating Margin (EBIT) up 49.8% q-o-q at Rs.486 mn ( $ 10.0 mn)

·         Company generated cash of Rs. 488 mn in this quarter; Cash & Cash Equivalents at the end of Q2 ’09 stood at Rs. 3,806 mn ($ 79.5 mn)

·         Declared  30% interim dividend

Mumbai – July 29, 2009: Hexaware Technologies Ltd., a leading global provider of IT & BPO services and consulting, today reported financial results for the second quarter ended June 30, 2009.

Highlights of Q2 ended June 30, 2009

• Revenue from operations stood at $ 53.6 mn (Rs. 2,591) surpassing the upper-end of the revenue guidance of $ 53 mn

• Q-o-Q increase of 1.8% in USD terms, up from $ 52.6 mn and decrease of 2% in INR terms, down from Rs.2,643 mn

• Q-o-Q increase of 139.8% in USD terms, up from $ 3.4 mn and increase of 128.4% in INR terms, up from Rs. 173 mn

·         Cash & Cash Equivalents increase by Rs. 488 mn to Rs. 3,806 mn ($ 79.5 mn)

·         10 new clients added during the quarter; 166 active clients

·         Days sales outstanding (DSO) down to 57 days from 62 days last quarter

·         Global headcount stood at 5,041

“The judicious steps taken by our competent leadership team have succeeded in transforming Hexaware into a more agile and competitive organization. The considerable investments we have made in our IP-led solutions strategy have enhanced productivity and reduced costs, while significantly adding value to our customers,” said Atul Nishar, Executive Chairman, Hexaware Technologies Ltd.

“The improvement in technical utilization, rationalization of our premises and reduction in G&A expenses are a direct outcome of the focus on operations improvement and tactical measures launched over the last three-four quarters. This has reflected in the improvement in profitability margins and shoring up of other operational parameters,” stated P. R. Chandrasekar, CEO and Vice Chairman, Hexaware Technologies Ltd. “With respect to the strategic initiatives, the vertically re-aligned organization is beginning to deliver. We believe we are now well positioned to capitalize in the market place when the demand scenario shows signs of improvement.”

Guidance

The Company has guided that Q3 ’09 revenue is likely to be in the range of $ 52.5mn – $ 54.5mn assuming exchange rates of 1 GBP = 1.65 USD and 1 EUR = 1.42 USD.

Interim Dividend

The Board of Directors declared an interim dividend at Rs. 0.60 per share (30%) on equity shares of Rs. 2 each. The record date is fixed as Friday, 14 August 2009 for determining the shareholders entitled for this interim dividend.

Financial Review

The financial ratios for the quarter stood at:

• On a Y-o-Y  basis, Profit after Tax increased 271.7% in USD terms, up from $ 2.2 mn and 315.1 % in INR terms, up from Rs.95 mn
• EBITDA Margin improved 670 bps to 21.5%
• Operating margin (EBIT Margin) improved to 18.8% from 12.3% on a Q-O-Q basis
• Net Profit after Tax Margin up to 15.2% from 6.5 % in the last quarter
• Blended utilisation for the quarter improved to 74.8%

Operational Updates

The quarter witnessed an addition of 10 new clients. In terms of verticals, 3 clients were added in Banking Financial Services and Insurance (BFSI), 1 in Travel, Transportation, Hospitality and Logistics (TTHL) and 6 clients in Emerging Verticals. The total number of active clients stood at 166.

In terms of the service offerings, 2 clients were added in Application Development and Maintenance (ADM), 2 clients in Enterprise Solutions, 1 in Business Intelligence/ Business Analytics (BI/BA), 1 in BPO and 4 in the Business Technology Optimisation (BTO)/ Testing services.

Of the 10 clients added, 5 customers were based in North America, 3 were based in Europe and 2 in APAC. 65.2% of revenues came from North America, with the European share at 27.7 % and the balance 7.1% coming from the rest of the world.

The number of clients registering $1mn+ in revenues stood at 49, with 40 clients in the $1 – $5 mn category, 6 clients are in the $5 – $10 mn range and 3 clients billed over $10 mn each – on a trailing 12 months basis.

Significant Updates

Hexaware announced a strategic partnership with SOASTA Inc. this quarter. The partnership is a key component in Hexaware’s strategy to expand its premiere Testing Services with a new cloud-based solution. Hexaware will integrate SOASTA’s CloudTest On-Demand service into their existing offering to provide its customers with a turnkey cloud testing service to achieve and maintain highly reliable web sites and applications.

RiskTech, a wholly owned subsidiary of Hexaware, specializing in the Enterprise Risk Management space, designed and developed reports surrounding the life cycle of credit products for a leading bank specialized in lending to small businesses. RiskTech’s knowledge of best practices in credit reporting (one of the core areas of this bank) enabled automation of the reporting infrastructure and timely generation of the analytical reports. While delivering the best-in-class solutions, RiskTech leveraged its tried and tested onsite and offshore model to provide cost benefits and speed of delivery to the client.

In the last quarter, Hexaware added a specialist investment management firm as a marquee customer. In a difficult macro-economic environment, the customer was looking for a reliable partner to help customize an application and generate certain reports. Hexaware devised a solution that met the twin objectives of generating the desired reports and delivering them on a very cost-effective model. Hexaware deployed its innovative tools and coding frameworks to help generate value to the customer.

In Q2 2009, Hexaware added a leading global aircraft service company to its client roster. The customer needed certain core IT systems and applications that enabled healthier growth of their business. Hexaware deployed its in-house solution accelerators that optimized the application development and enabled speedy quality assurance of the application, prior to go-live. The engagement began with a consultative approach that included understanding the business problem, designing the optimal solution through scoping requirements and defining specific deliverables followed by the execution of the complete project from offshore locations. Hexaware’s approach enabled a best-in-class solution at an attractive cost of ownership.

Forex Cover

The company has forward contracts worth USD 129 mn at an average rate of Rs. 40.77. Of these, hedges worth USD 125 mn are spread over the next five quarters; the remaining USD 4 mn pertains to the next two quarters beyond that period.

Pricing

The average billing rate per hour for the quarter improved to $68.28 for onsite services and $23.02 for offshore projects from $66.22 onsite and $22.43 offshore in the previous quarter.

Human Resources

Global headcount at the end of Q2 ’09 stood at 5,041. Technical personnel comprised 87.5% of the total work force. Attrition reduced to 16.9% on an annualized basis.

Corporate Updates

The Company strengthened its board by induction of Ashish Dhawan as an additional Director to the Board of Directors. He is the founder and Senior Managing Director of ChrysCapital, a private equity firm that manages $2.25 billion in assets.

Recently, the Company also launched its refocused brand identity. The tagline of this brand identity is ‘Your Success is Our Focus’. The identity was arrived at, after an extensive research and analysis and the purpose was to encapsulate core benefits that matter the most to Hexaware’s customers. This tagline captures this essence and communicates the focus that Hexaware lays on being the trusted partner for its customers.

Awards and Recognition

Hexaware has been mentioned in the Application Testing Services of Gartner’s Hype Cycle for IT Outsourcing 2009 and Hype Cycle for Application Development 2009.

About Hexaware

Hexaware is a leading global provider of IT & BPO services and consulting. The Company focuses on key domains such as Banking, Financial Services, Insurance, Travel, Transportation, Hospitality, Logistics, Manufacturing, Life Sciences and Healthcare. Our business philosophy, “Your Success is Our Focus”, is demonstrated through the success we ensure for our clients. Hexaware focuses on delivering business results, and leveraging technology solutions by specializing in Business Intelligence & Analytics, Enterprise Applications, Testing and Legacy Modernization. Founded in 1990, Hexaware has a well-established global delivery model armed with proven proprietary tools and methodologies, skilled human capital and SEI CMMI-Level 5 certification. For additional information logon to www.hexaware.com

Safe Harbor Statement

Certain statements on this press note concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Hexaware has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry.

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NOTE: Please use the company’s name as 3i Infotech ONLY and not as 3i or 3i Info

3i Infotech reports first quarter results

The Company announced a QIP of upto Rs.500 crores

to repay debt

Revenue grows by 27.7% to Rs. 602.14 crores and profit to Rs. 62.93 crores for the first quarter FY 2009-10

Mumbai, July 28, 2009: 3i Infotech, a global provider of IT solutions and one of India’s largest software product companies*, today announced its operating results for the first quarter ended June 30, 2009.

FINANCIAL HIGHLIGHTS

Consolidated results for the quarter ended June 30, 2009

·         Revenue for the quarter was Rs.602.14 crores, representing a growth of 27.7% from the corresponding quarter of the previous year. On a sequential basis, the decline in revenue from Rs.610.61 crores in Q4 FY09 to Rs.602.14 crores in the current quarter is largely constituted by the appreciation of the Rupee.

·         Profit before interest depreciation and tax (PBIDT) grew by 30.9% to Rs.123.43 crores over the corresponding quarter of the previous year. In Q4 FY09, PBIDT was at Rs.122.88 crores.

·         Profit after tax stood at Rs. 90.80 crores, including exceptional items of Rs. 27.87 crores (net) and Rs. 62.93 crores excluding exceptional items, recording a growth of 8.3% over the corresponding quarter of the previous year.

·         Earnings per share (EPS) for the current quarter is at Rs. 4.36 against Rs. 4.35 in the same quarter of the previous year.

Foreign Currency Convertible Bonds (FCCBs) :

During the quarter, the Company bought back FCCBs of the face value of USD 8.50    million at a price of USD 5.41 million and Euro 6 million at a price of Euro 3.58 million, at an average discount of around 52%.

Proposed Capital Raising:

The Board has also approved Equity Capital raising in the form of QIP of upto Rs.500 crores subject to shareholders and other approvals. The money raised would largely be for repayment of debt. After successful completion of the above issue, the debt equity ratio would improve considerably.

Commenting on the results, Mr. V. Srinivasan, Managing Director & CEO, 3i Infotech Limited, said, “We have been able to maintain a steady pace inspite of the economic sentiment across the world thanks to our de-risking strategy of diversifying our portfolio and entering emerging markets. Having crossed the $500 million revenue mark, we have certainly placed ourselves among the big league of Indian IT companies. We have always been committed to the Indian market and we will continue our focus here.”

About 3i Infotech:

3i Infotech is one of India’s leading IT companies and among the top 4 Indian Software Products Companies.* The Company provides software products and IT services (Managed IT Services, Application Software Development & Maintenance, Payment Services, Business Intelligence, Document Imaging & Digitization, Operations Outsourcing (BPO) and IT Consulting) for the Insurance, Banking, Capital Markets, Mutual Funds, Wealth Management and Government verticals. The Company services customers in over 50 countries across 5 continents.

The Company’s quality certifications include SEI CMMi Level 5 for Software business, ISO 9001:2000 for BPO, ISO/IEC 27001:2005 for Data Center Operations and ISO/IEC 20000-1:2005 for Data Center Management Services.

* Source: Dataquest 

Disclaimer: Except for the historical information contained herein, statements in this release, which contain words or phrases such as "will", "would", "expect", "believe", and similar expressions or variations of such expressions may constitute "forward-looking statements". These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements.

These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies

of our principal international markets, the performance of the industry sectors in which our clients are based, the performance of the information technology industry sector world-wide, competition, our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of our growth and expansion in business, technological implementation, changes, advancements, and redundancies, the actual demand for software products and services, or the future potential or feasibility thereof, changes in revenue, income or cash flows, our market preferences and our exposure to market risks, as well as other risks. 3i Infotech undertakes no obligation to update forward-looking

statements to reflect events or circumstances after the date thereof.

For more information, please contact:

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Press Release                                                                      For immediate publication

Hexaware launches refocused brand identity

---

• ‘Your Success is Our Focus’ is the new tagline

---

 

Mumbai, India – July 22, 2009: Hexaware Technologies, a leading global provider of IT & BPO services and consulting, today unveiled its new brand identity that focuses on the key value it provides to its stakeholders. The tagline of this brand identity is- ‘Your Success is Our Focus’.

 

Hexaware functions in key domains such as banking, financial services, insurance, travel hospitality, transportation, logistics, manufacturing, healthcare and life sciences. Hexaware has always believed in and is perceived as a Company who has focused on a few areas and has been the best in them. The expertise and its trusted partner approach have been the key ingredients that have ensured success for Hexaware’s customers. In a fiercely competitive scenario, the tagline “Your Success is Our Focus” captures this essence and communicates the focus that Hexaware lays on being the trusted partner for its customers.

 

The contemporary identity was unveiled at Hexaware’s Chennai campus in Siruseri. Speaking on the occasion, P. R. Chandrasekar, CEO and Vice Chairman, Hexaware Technologies Ltd. said, “The refocused brand identity succinctly captures the essence of what we at Hexaware firmly believe in. With this launch, we hope to reiterate this message to all stakeholders, be it clients, employees, investors or shareholders. We will strengthen the Hexaware brand as a respected industry leader.”

 

“The brand identity was arrived at, after an extensive research and analysis; the purpose being to encapsulate core benefits that matter the most to our customers,” stated Amit Varshneya, Vice President, Marketing, Hexaware Technologies. “The research clearly indicated that customers prefer trusted experts who would partner with them as their vendors over generalists or low cost resources.”

 

The Company is structured along verticals and horizontals that it focuses on. The new brand identity will help the Company communicate its compelling value proposition and competitive edge much more clearly to customers.

 

Founded in 1990, Hexaware today maintains seven state-of-the-art development centers – four in India and one each in Germany, USA and Mexico, and offices in North America, Europe and Asia Pacific, and employs around 5200 workers globally. Hexaware is a publicly listed company, with its shares being quoted on the Mumbai and National Stock Exchanges in India and as GDRs in London and Luxembourg stock exchanges.

 

About Hexaware

Hexaware is a leading global provider of IT & BPO services and consulting. The Company focuses on key domains such as Banking, Financial Services, Insurance, Travel, Transportation, Hospitality, Logistics, Manufacturing, Life Sciences and Healthcare. Our business philosophy, “Your Success is Our Focus”, is demonstrated through the success we ensure for our clients. Hexaware focuses on delivering business results, and leveraging technology solutions by specializing in Business Intelligence & Analytics, Enterprise Applications, Testing and Legacy Modernization. Founded in 1990, Hexaware has a well-

 

 

 

established global delivery model armed with proven proprietary tools and methodologies, skilled human capital and SEI CMMI-Level 5 certification. For additional information logon to www.hexaware.com

 

 

Safe Harbor Statement

Certain statements on this press note concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to

successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Hexaware has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry.

 

 

 

 

 

For more information contact: Effie D’Cunha  Hexaware Technologies Limited Tel: +91 (22) 66542682 / 83 Fax: +91 (22) 22872939 e-mail: effiec@hexaware.com

Issued on behalf of Hexaware Technologies Limited by: Rishar Raviraj Adfactors PR Pvt Ltd. Tel: +91 9819825369 e-mail: rishar.raviraj@adfactorspr.com

 

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Interview: AOL’s Armstrong: ‘Putting Together A Clear Mobile Strategy’

Posted on 2009 under Communications | No Comment

20 Jul

Where does mobile fit into AOL’s plans as the company starts anew one more time under one more chairman and CEO? Everywhere, Tim Armstrong insisted in an interview with mocoNews and paidContent to mark the end of his first 100 days—and the beginning of AOL’s next incarnation. Edited mobile-related excerpts from that interview follow. (More from the interview here on paidContent.)

Separately, we’ve learned that mobile will be overseen by new COO Kim Partoll, who has been promoted from EVP-access, business intelligence & new ventures. Partoll’s new portfolio includes making sure both mobile and global are an element of every strategy area. She has yet to appoint anyone to head mobile. At the same time, the various divisions like Media Glow and Advertising retain responsibility for what their groups do with mobile. PaidContent has more details about Partoll and who’s who on Armstrong’s team.

Staci D. Kramer: Where does mobile fit into your strategy? Because mobile has sort of fallen off the face of the earth when it comes to AOL.
Tim Armstrong: Let me clarify two things about mobile: There’s two foundational elements that are going under every strategy area: one is global and one is mobile. You will see us with a clear, succinct strategy and structure around mobile and global going forward.

This, by the way, is a very big benefit to the company if people don’t think we’re actually strong players in the mobile space. When you look at AIM and ICQ usage on phones, we are on the vast majority of the phones across the world. When you think about even the newest things that are happening with phones, the iPhone app store – we launched our AOL (NYSE: TWX) Finance app and it shot up to #1 in one week. Maybe people don’t know that. Consumers are using it and I think we’re going to be successful in mobile. [Another example we got from AOL after the interview: MapQuest 4Mobile went to #1 in navigation its first week in the iTunes store and, through June 25, had delivered more than a half-million Maps and Directions requests. DailyFinance, AOL Radio and AIM all have been in the Top 10 of their categories.]

You were talking about giving up the open mobile platform to Symbian. Third Screen Media, which was supposed to be a good thing with mobile ad networks, sort of disappeared. You’re doing some good things with iPhone apps but it doesn’t seem coherent so how do you get that coherent mobile strategy across?
So what is a coherent mobile strategy and structure? That’s one thing we’re working on. I think mobile at AOL is split up across many different areas…. We’re in the process of doing this right now, of putting together a clear mobile strategy that’s global and has a specific structure and philosophy behind it. That is something that is beneficial for us as an organizational element inside of AOL and even more beneficial to consumers and advertisers.

So mobile advertising continues to be something AOL is committed to, to being a player in?
I certainly hope so.

Do you see any encouraging signs in that regard?
Yeah, I do. This is a hard perspective for people in the U.S. because I think we’re all used to using phones in a certain manner both in Europe and in India. I was in India a few weeks ago and we’re seeing some interesting mobile platforms that are actually working now in India –advertising, but also subscription based. Those are areas we’re going to continue to innovate in and we will export and import those to different countries based on what we think are viable market opportunities.

Do you really see a subscription business for things that people are used to getting for free online paying for them on mobile?
You should call Jeff Bezos.

[Press Release] Sybase IQ, the world’s leading Column-oriented Analytics server introduces ground breaking in-database business analytics

Posted on 2009 under Communications, News | No Comment

16 Jul

Dear Murali, Sybase an industry leader in delivering enterprise and mobile software, announced the availability of Sybase® IQ 15.1 with in-database business analytics, the newest version of the world’s leading column-based analytics server. Please find enclosed press release on the same. Regards, Parvathy PR Contacts Parvathy Raja Pink & White Consulting (PR) Tel: +91 22 26512756 parvathyr@pinkandwhiteconsulting.com Marketing Contacts Milind Kharkar Country Marketing Manager Sybase Software (India) Pvt. Ltd Tel:+91 22 30611555 milind.kharkar@sybase.com   Syabse IQ®, the world’s leading column-oriented Analytics Server, introduces ground breaking in-database Business Analytics   Smart Enterprises to Easily and Cost-Effectively Implement Lightning-Fast, Powerful Predictive Analytics with Sybase IQ 15.1 Press release                                                                          For immediate publication Chennai, India, July 16, 2009 - Sybase, Inc. (NYSE: SY), an industry leader in delivering enterprise and mobile software, today announced the availability of Sybase® IQ 15.1 with in-database business analytics, the newest version of the world’s leading column-based analytics server by its subsidiary, Sybase Software (India) Private Limited (“Sybase India”) in India.. Sybase IQ handles the most challenging business reporting and analytics requirements with ease, delivering dramatically faster, consistently more accurate analysis to address the growing need to anticipate risks and opportunity in a volatile global climate. Sybase IQ 15.1 delivers smarter new functionality that allows users to more easily drive risk management, fraud detection, business process management and investment strategies, as well as competitive product, marketing and customer relationship strategies, by running real-time predictive analytics directly in the Sybase IQ 15.1 database, increasing speed and accuracy while utilizing years of organizational data.  This smarter approach enables organizations to make better predictions about future business risks and opportunities, more informed decision making around the clock, spot trends and anomalies immediately, and make operational decisions more efficiently and affordably.   In the June 2009 report “Massive But Agile: Best Practices For Scaling The Next-Generation Enterprise Data Warehouse,” Senior Analyst James Kobielus of Forrester Research writes “[Information and Knowledge Management] professionals are adopting an emerging best practice known as “in-database analytics”. Under this practice, data mining, predictive analysis, and other compute-intensive analytic functions are migrating to the EDW platform.  In-database DW analytics can either replace or supplement traditional analytics execution approaches.” With this new release, organizations can now make business decisions they could not make before by utilizing Sybase IQ 15.1 in-database analytics functionality to easily, efficiently, and affordably run predictive analytics business logic directly in the database.  This innovative new approach to extreme analytics removes the application barriers for businesses and governmental agencies to perform critical drill-downs and predictive analysis in data-intensive environments that were previously impossible or impractical using traditional “outside the database” methods. Sybase IQ 15.1 is the only high performance column-based analytics server that supports hundredsof statistical and data mining functions, executed completely in-database and supporting hundreds of concurrent users at high performance levels.   “We have developed a substantial number of statistics processing applications at our Business Intelligence Deployment Center and have found great advantage in participating in the Sybase IQ 15.1 beta program as an early adopter,” said Masatoshi Yokogawa, senior expert, Research and Development Headquarters of NTT DATA CORPORATION. “The addition of numerical analytics functions into Sybase IQ 15.1 will enable much faster application development and allow calculation processing to be done close to our data, with less security risk. We believe the Sybase IQ 15.1 in-database solution will provide great advantage for users who need to calculate predictive analytics on large data sets very quickly.”   “The industry leading Sybase IQ analytics server delivers dramatically faster, consistently more accurate analytics and reporting – to all users in an organization, from all their information, on their terms” said Dan Lahl, Director of Analytics for Sybase. “With the new in-database analytics capabilities of Sybase IQ 15.1 and access to powerful statistical, predictive and data mining models from a best-of-breed partner, Sybase can now deliver even more powerful analytics to its customers, further increasing the speed and accuracy of real-time predictive analytics on huge amounts of organizational data to thousands of users, thereby delivering rapid ROI to the organization.” “Sybase IQ 15.1 helps organisations in faster decision making – be it driving risk management, fraud detection, business process management or investment strategies. Predictive analytics is more structured with Sybase IQ 15.1. Due to its patented column-based architecture, Sybase IQ helps faster query response times, a critical component in decision-making scenarios. The sheer architecture is such as to provide faster results,” said Mr. Sunil Jose, Managing Director, India & Sub-continent, Sybase. Sybase IQ 15.1 delivers in-database analytics in three increasingly sophisticated, value-added ways: 1.      An extensive library of numerical and analytical functions built into Sybase IQ has been further enhanced to include additional new functions, such as date conversion. 2.      Additional ANSI SQL OLAP Extensions built into Sybase IQ 15.1 allow aggregation analysis on large data sets yielding quick results for computations, such as correlation and covariance. 3.      New libraries of pluggable analytical algorithms from a statistical and data mining software partner who has certified its products with Sybase IQ 15.1′s in-database analytics capabilities   With the Sybase IQ 15.1 release, Sybase announces a dedicated partner certification program to assist best-of-breed predictive analytics software partners to port their libraries to the Sybase IQ User Defined Function API, allowing them to deliver superior speed, scalability and accuracy. Sybase has partnered with respected analytical solutions provider Fuzzy Logix to bring its in-database analytics library known as DB Lytix as the first certified solution to the market on the Sybase IQ 15.1 platform. The analytical algorithms in DB Lytix offer a rich collection of functions, ranging from descriptive statistics to highly sophisticated Monte Carlo simulations and Pattern Recognition.   “In traditional approaches for analyzing data, end-users must transport data out of the database for processing. This activity often accounts for up to 75 percent of the cycle time and imposes severe constraints on throughput and timely delivery of results,” said Partha Sen, CEO of Fuzzy Logix. “By running our algorithms directly in Sybase IQ 15.1, analysts can now perform predictive analytics and complex data mining tasks such as Principal Component Analysis, Linear and Logistic Regression, and Clustering entirely within the database, making it faster and easier than ever before to gain valuable insights into enterprise risks and market opportunities.”   Sybase IQ is also widely deployed with industry leading business intelligence front end tools, including Eclipse BIRT, the premier rich information application development environment and top-level Eclipse project founded and co-led by Actuate.   “Actuate and Eclipse BIRT provide a premier information application development environment to the foundation of Sybase IQ in-database analytics,” said Nobby Akiha, senior vice president, marketing at Actuate.  “Along with the processing power of Fuzzy Logix analytical functions, Actuate and BIRT empower Sybase IQ 15.1 users inside and outside the firewall with rich information applications.” Sybase IQ 15.1 is currently scheduled to be available on July 15, 2009. Some of the world’s largest data warehouses run on Sybase IQ analytics server, and customers include leading global organizations such as Taiwan Mobile, ICICI Bank, Nielsen Media Research, European Southern Observatory, Statistics Canada and Samsung Life Insurance. For more information on Sybase IQ please visit: http://www.sybase.com/sybaseiq About Fuzzy Logix Fuzzy Logix, LLC is a high-tech business advisory company built on the results of 10 years of research and development.  Our vision is to use artificial intelligence and sophisticated quantitative techniques to solve complex business problems faced by businesses as well as mankind. Fuzzy Logix delivers rich suites of advanced analytics and predictive algorithms and also complete solutions with easy to use presentation and graphical views, that help you solve problems and provide competitive advantage at an affordable cost.  Our solutions allow you to analyze, infer and actTM. For more information, visit http://www.FuzzyL.com   About Sybase, Inc. and Sybase India: Sybase, Inc., the parent company of Sybase India, is an industry leader in delivering enterprise and mobile software to manage, analyze and mobilize information. We are recognized globally as the performance leader, proven in the most data-intensive industries and across all systems, networks and devices. For 25 years, our information management, analytics and enterprise mobility solutions have powered the world’s most mission-critical systems in financial services, telecommunications, manufacturing and government. For more information,  please visit, http://www.sybase.com. Read Sybase blogs: http://blogs.sybase.com   ### Sybase is a registered trademark of Sybase, Inc.  All other company and product names mentioned may be trademarks of the respective companies with which they are associated. Special Note: Statements concerning Sybase’s future growth, prospects and new product releases are, by nature, forward-looking statements that involve a number of uncertainties and risks, and cannot be guaranteed.  The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “will” and similar expressions relating to Sybase and its management may identify forward-looking statements.  Such statements are intended to reflect Sybase’s current views with respect to future events and may ultimately prove to be incorrect or false.  Factors that could cause actual events or results to differ materially include shifts in customer demand, rapid technology changes, competitive factors and unanticipated delays in scheduled product availability.  These and other risks are detailed from time to time in Sybase’s Securities and Exchange Commission filings, including, but not limited to, its annual report on Form 10-K and its quarterly reports on Form 10-Q (copies of which can be viewed on Sybase’s Web site).

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