Insightful Corporation Launches Insightful Miner 3Highly Scalable Data Analysis Workbench Offers New Server Versions Plus Superior Data Access, Extensibility and Deployment Capabilities SEATTLE, WA, June 3, 2003 -- Insightful Corporation (Nasdaq:IFUL), a leading provider of software solutions for analysis of numerical and text data, today announced Insightful Miner 3, a major product upgrade that now supports Windows and Solaris servers and adds many new features that allow data analysts to easily build and deploy predictive models that boost product performance and improve the efficiency of critical business processes. With its easy-to-use visual workmaps and new support for server-based analysis and deployment environments, Insightful Miner 3 provides a highly scalable and extensible data analysis workbench for addressing a range of predictive modeling problems found within finance, biopharmaceutical and government organizations. Insightful Miner smoothly links to and scales custom analytical methods written in S-PLUS(R), Insightful's leading data analysis programming language. With Insightful Miner 3, analytic experts can now share their analysis applications with decision-makers across their business. "We use Insightful Miner to extend sophisticated portfolio analysis capabilities to our less technical decision makers," said William Alexander, senior vice president of consumer deposit risk management at Bank of America. "Optimizing loan portfolio performance requires that predictive analysis be applied to large data sets in order to determine if a loan should be 'held for sale' or acquired. Insightful Miner 3 lets us leverage our custom methods developed in S-PLUS and its visual workmap interface making it much easier to share these techniques with those who must perform the analysis, but don't necessarily need to learn how to program." "All pharmaceutical companies accumulate large volumes of data during clinical trials at great expense," said Dr. Drew Griffin Levy, director, exploratory data analysis at Pfizer. "The challenge is to leverage this investment with secondary analysis of aggregated data to augment the knowledge we have from the individual primary study analyses. Insightful Miner fits our knowledge discovery needs very well. It easily handles very large data sets and its intuitive, self-documenting interface makes the entire analysis process more efficient. Approaching analysis from multiple perspectives using a suite of statistical tools makes our inferences more reliable." "Insightful Miner 3 continues to advance Insightful's time-proven role as a premier vendor of solutions for creating custom analytic applications," said Dan Vesset, research manager, analytics and data warehousing at IDC. "We see modeling solutions like Insightful Miner as providing a critical and often missing piece in many business intelligence initiatives. Insightful Miner's extensibility will appeal to new users and the large S-PLUS community who want to incorporate their legacy applications into a modern and highly scalable environment. Plus, Insightful Miner's new server versions and its latest production-ready features will enable businesses to more easily deploy predictive analysis against their largest data sets, extracting actionable intelligence from these huge data investments." "Companies increasingly recognize that they must use predictive analysis to improve business performance and mitigate their financial risks," said Shawn Javid, president and CEO of Insightful. "Insightful Miner 3 continues our track record of being first-choice when it comes to helping businesses adopt these technologies and employ them to reduce costs in their operations and drive top-line stability and growth." What's New in Insightful Miner 3? -- New Windows and Solaris servers increase support for large data environments. Support for Sun Solaris and Microsoft Windows server platforms and native database drivers for accessing data warehouses in Oracle, Sybase, DB2 or Microsoft SQL Server. -- New deployment capabilities for creating Web-based, run-time and batch applications. The server versions can optionally include C code generation, PMML (Predictive Model Markup Language) import/export and new batch mode capabilities. -- Improved usability and many new analytic components. New options allow finer user control over many components and data viewers including 18 new visualization components, expanded data preparation features and a new scalable Cox regression component for analysis of censored data. -- New extensibility tools leverage existing code and adapt to specific analytical problems. With Insightful Miner users can create and manage custom libraries of analytical methods or interface with S-PLUS modules and libraries. AVAILABILITY Insightful Miner 3 for Microsoft Windows and Sun Solaris will be available around the end of Q2. For details, please call 800/569-0123, e-mail info@insightful.com or visit www.insightful.com. ABOUT INSIGHTFUL Insightful Corporation (Nasdaq:IFUL) provides enterprises with scalable data analysis solutions that drive better decisions faster by revealing patterns, trends and relationships. The company is a leading supplier of software and services for statistical data analysis, data mining, and knowledge access enabling clients to gain intelligence from numerical and text data. Insightful products include InFact(R), Insightful Miner, S-PLUS(R), StatServer(R), and S-PLUS Analytic Server(R). Insightful consulting services provide specialized expertise and proven processes for the design, development and deployment of customized solutions. The company has been delivering industry-leading, high-ROI solutions for 16 years to thousands of companies in financial services, pharmaceuticals, biotechnology, telecommunications, manufacturing, plus government and research institutions. Headquartered in Seattle, Insightful has offices in New York City, North Carolina, France, Germany, Switzerland, and the United Kingdom with distributors around the world. For more information, visit www.insightful.com, email info@insightful.com or call 800/569-0123. Note to Investors - Forward Looking Statements This press release contains forward-looking statements, including statements about the capabilities of our software and acceptance of our products in certain vertical markets. Forward-looking statements are based on the judgment and opinions of management at the time the statements are made. Inaccurate assumptions and known and unknown risks and uncertainties can affect the accuracy of forward-looking statements. Actual results could differ materially from those expressed or implied by the forward-looking statements for a number of reasons, including, without limitation, the risks associated with errors or defects in our software and the risks associated with our ability to gain market acceptance of our products. More detailed information regarding these and other factors that could affect actual results is set forth in our filings with the Securities and Exchange Commission, including our most recent Quarterly Report on Form 10-Q and our Annual Report on Form 10-K for the year ended December 31, 2002. You should not unduly rely on these forward-looking statements which apply only as of the date of this release. We undertake no obligation to update publicly any forward- looking statements to reflect new information, events, or circumstances after the date of this release or to reflect the occurrence of anticipated events. Insightful, the Insightful logo, "intelligence from data" and "human-like intelligence" are trademarks of Insightful Corporation. S-PLUS and StatServer, InFact and S-PLUS Analytic Server are registered trademarks of Insightful Corporation. Other trademarks mentioned are the property of their respective owners. Contacts Insightful Corporation Judy McOstrich, 206/283-8802 ext. 356 jmcostrich@insightful.com |