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Technology Stocks : Ascential Software (ASCL) -- Ignore unavailable to you. Want to Upgrade?

To: SemiBull who wrote (162)10/28/2003 7:48:19 PM
From: SemiBull  Read Replies (1) | Respond to of 179
Ascential Software Advances Leadership Position in Gartner ETL Magic Quadrant

Tuesday October 28, 3:50 pm ET

Enterprise Data Integration Leader Surpasses All Competitors in Completeness of Vision

ASCENTIAL WORLD 2003, MIAMI, Oct. 28 /PRNewswire-FirstCall/ -- Ascential Software Corporation (Nasdaq: ASCL - News), the enterprise data integration leader, today announced that technology research and advisory firm, Gartner, Inc., has placed the company in the highest position for Completeness of Vision and significantly increased its favorable assessment of Ascential Software's Ability to Execute. Gartner also recognized Ascential Software for increasing its overall market visibility and "mind share." The information is contained in a new report on the extraction, transformation, and loading tool (ETL) market published today.

In the influential report, ETL Magic Quadrant Update, 2H03: The Market Broadens, Ted Friedman, principal analyst, Business Intelligence Infrastructure Team, writes that Ascential Software has expanded its data integration vision, pushing its strategy and positioning into new areas beyond its core data warehousing competence. Ascential Software's acquisition of Mercator Software last month supports this vision, according to Gartner.

Gartner also noted a shift in market momentum and further bolstered Ascential Software's market leadership position. Gartner reports that "Ascential has continued to improve its execution in the field, generating several quarters of overall revenue growth and significantly improved sales force productivity (the license revenue generated on the vendor's cost of sales)."

"We are extremely pleased that the value we deliver to customers is reflected in Ascential Software's strong showing in Gartner's latest ETL Magic Quadrant. Ted Friedman is a recognized, respected expert on business intelligence infrastructure and ETL tools," said Mark Register, vice president and chief marketing officer, Ascential Software. "This favorable assessment of the company is an unequivocal proof point of our ability to meet market requirements, and demonstrates that Ascential Software sets the standards for the enterprise data integration by successfully providing the most complete, best performing solutions available."

Among Gartner's Completeness of Vision evaluation criteria are an understanding of evolving market requirements, potential for delivering continuous product innovations, ability to adapt to changing requirements, and partnerships. Ability to Execute evaluation criteria include visibility in competitive situations, breadth of installed base, numerous functionality points, performance, scalability, and strength of sales and marketing capabilities.

About Ascential Software

Ascential Software Corporation is the leading provider of enterprise data integration solutions to organizations worldwide. Customers use the Ascential(TM) Enterprise Integration Suite to integrate and leverage data across all transactional, operational, and analytical applications with confidence in the accuracy, completeness and timeliness of critical information. Ascential Software's powerful data profiling, data quality, data transformation, parallel processing, meta data and connectivity solutions enable customers to reduce total cost of ownership and increase return on IT investment. Headquartered in Westboro, Mass., Ascential Software has offices worldwide and supports more than 3,000 customers in such industries as financial services, telecommunications, healthcare, life sciences, manufacturing, consumer goods, retail, and government. More information on Ascential Software can be found on the Web at

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements based on current expectations or beliefs, as well as a number of assumptions about future events, and these statements are subject to important factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements in this release address a variety of subjects including, for example, the functionality, characteristics and performance capabilities of Ascential's products, technology and services, and the ability of Ascential to set standards for the enterprise data integration market by providing the most complete, best performing integration solutions. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: risks relating to the ability of Ascential to expand its market share, growth rates for the enterprise data integration software market, the scope and frequency of data integration projects, the ability of customers to improve performance utilizing Ascential's products, integration/divestiture issues resulting from merger/acquisition activities, general business conditions in the software industry, the technology sector, and in the domestic and international economies, rapid technological change in the markets served by Ascential, dependence on international operations, and difficulties that Ascential may experience integrating technologies, operations and personnel of completed or future acquisitions. For a detailed discussion of these and other cautionary statements, please refer to the filings made by Ascential with the Securities and Exchange Commission, including, without limitation, the most recent Quarterly Report on Form 10-Q. Ascential disclaims any intent or obligation to update any forward-looking statements made herein to reflect any change in Ascential's expectations with regard thereto or any change in events, conditions, or circumstances on which such statements are based.

Ascential is a trademark of Ascential Software Corporation or its affiliates and may be registered in the United States or other jurisdictions. Other marks are the property of the owners of those marks.

Source: Ascential Software Corporation