Briefs

San Francisco, CA and Mellingen, Switzerland - July 31, 2001 - KXEN', a global analytic software company that provides powerful, predictive and descriptive modeling technology for both data mining professionals and business decision-makers, today announced its partnership with FOVEA, a turnkey software distributor located in Switzerland.

"FOVEA is an industry leader in software distribution and has tremendous experience in providing turnkey solutions for the data warehousing, data mining, and knowledge management industries," said Roger Haddad, co-founder and CEO of KXEN. "The combination of our leading-edge analytic software and FOVEA's distribution expertise gives us a strategic advantage as we further expand our operations into Switzerland."

Through this partnership, FOVEA will primarily focus on providing the education, support, and promulgation of KXEN's full suite of patented analytical software to the finance, insurance, pharmaceutical, and retail industries throughout Switzerland and Liechtenstein.

KXEN's software suite is different from other analytic products because it allows organizations to build and deploy models much faster than using traditional products. It easily integrates into existing applications, bringing powerful predictive and descriptive modeling capabilities directly to the business user. KXEN indicators allow them to immediately assess the value of their analysis. Organizations that previously could not afford extensive data mining resources can now build models in seconds or minutes instead of hours or days.

For more information, visit www.KXEN.com

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