IBM unveils Cognos 8 Business Intelligence Software

by Editor 7/3/2008 4:47:00 PM
Cognos, an IBM company and the world leader in business intelligence and performance management solutions, today announced that IBM Cognos 8 Business Intelligence software is now available, for the first time, for Linux on System z.

With IBM Cognos 8 BI for Linux on System z, customers can efficiently report and analyze transactional systems directly on the mainframe, so workers across an organization can use information to quickly identify and respond to critical business trends. Highly targeted information delivery and analysis capabilities let knowledge workers, ranging from front-line managers to executives, receive strategic business information where, when and how they need it to make better business decisions.

A result of IBM's rapid assimilation of its acquisition of Cognos, the product unites the proven reporting and analysis capabilities of IBM Cognos 8 BI with the power and reliability of IBM System z. This allows organizations across industries to leverage their mainframe investments to improve decision-making and overall business performance.

The availability of IBM Cognos 8 BI for Linux on System z extends IBM's Information on Demand business strategy, which unifies the company's software, hardware, consulting and research expertise to help customers gain access to the right information when they need it, along with business insights to address and respond to changing market demands. Further in support of this strategy, IBM has established multiple worldwide System z competency centers to help customers learn about IBM Cognos 8 BI on System z, benchmark the System z architecture and interact with other IBM products and solutions.

The combination of IBM Cognos 8 BI and System z demonstrates the mainframe's resurgence as the strategic platform of choice for running modern applications. It provides organizations, such as Satyam Computer Services Ltd, with the means to transform their disparate pieces of data into consistent, actionable business information on a modern mainframe that has been designed from the ground up to help dramatically increase data center efficiency. The IBM System z mainframe significantly improves data center performance and reduces power, cooling costs, and floor space requirements with unmatched levels of security and automated management and tracking of IT resources.

'Our BI Center of Excellence evaluated the tool for very large volumes of data. With IBM Cognos 8 BI for Linux on System z customers can gain a single, current and consolidated view of business information to support operational processes and disperse to the right teams across the company for more effective-decision making,' said Indira Munjuluri, Head of BI Architecture & CoE group , Satyam Computer Services Ltd. 'Aligning such a broad range of BI capabilities with our infrastructure strategy helps us deliver consistent business solutions through a powerful, ultra-efficient data center.'

More than 600 new applications and solutions were introduced for the IBM mainframe in 2007 ' bringing the total to more than 4,000 unique applications available on the System z platform. 'System z customers want more users across their organization making better, faster decisions using their infrastructure platform of choice,' said Leah MacMillan, vice-president, BI Product Marketing, Cognos, an IBM Company. 'With IBM Cognos 8 BI for Linux on System z, these customers will be able to take advantage of the broad range of proven BI capabilities for all types of users across the organization to optimize operational processes while reducing infrastructure cost and complexity.'

Cognos, an IBM Company, is a recognized leader in delivering BI and performance management solutions across industries. For example, 19 of the top 20 consumer goods companies worldwide, 9 of the top 10 insurance companies and over 1,000 financial services organizations, including 9 of the top 10 banks in Europe and all of the top 10 banks in the United States, use IBM Cognos solutions.

IBM announced the availability of the System z10 Enterprise Class on February 26, 2008 as the most sophisticated server ever developed, reflecting a multi-billion dollar investment, five years of development and a global team of thousands of technical professionals.

IBM System z is an important part of IBM's new enterprise data center model, which helps clients improve IT efficiency and facilitates the rapid deployment of new IT services for future business growth. The model is based on best practices for virtualization, green IT, service management and cloud computing.

About IBM Cognos Business Intelligence Products:

IBM Cognos 8 Business Intelligence (BI) delivers easy-to-use BI with the right context, through familiar interfaces, at the right time. For further information visit: http://www.cognos.com/products/cognos8businessintelligence/index.html. For more information on System z, visit http://www.ibm.com/systems/z.  

About Cognos, an IBM company:

Cognos, an IBM company, is the world leader in business intelligence and performance management solutions. It provides world-class enterprise planning and BI software and services to help companies plan, understand and manage financial and operational performance. Cognos was acquired by IBM in January 2008. For more information, visit http://www.ibm.com/software/data/ and http://www.cognos.com

Cognos and the Cognos logo are trademarks or registered trademarks of Cognos ULC, an IBM Company, in the United States and/or other countries. IBM and the IBM logo are trademarks of International Business Machines Corporation in the United States, or other countries, or both. All other names are trademarks or registered trademarks of their respective companies. Note to Editors: Copies of previous Cognos press releases and product information are available on Cognos' Web site at http://www.cognos.com.  

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Axon buys leader in Supply Chain Management Solutions for SAP

by Editor 7/2/2008 12:41:00 PM
Axon Americas, a division of Axon Group plc, the leading SAP Business Transformation consultancy, announces that it has acquired the business of SCM Solutions, a privately-held provider of Supply Chain Management Services.

Founded in 2005 by Pete King and Chris Botha, SCM Solutions is one of the premier supply chain consultancy firms that leverage SAP's world class Supply Chain Management (SCM) Solution. The acquisition is designed to accelerate Axon's expansion into SCM for SAP's Services Industry. SCM Solutions currently supports close to 50 service industries in all areas of SCM, including, Advanced Planner and Optimizer (APO), Transportation Management (TM), Supply Chain Event Management (SCEM), Supply Network Collaboration (SNC) and Service Parts Planning (SPP). Industries represented include High Tech, Mining, Oil &Gas, Healthcare, Automotive, Consumer Products and Life Sciences.

Mr. King, Managing Partner of SCM, said, "We are delighted to become part of the largest SAP dedicated consultancy in the world. Axon's global reach will allow us to gain access to the premier global SAP operating platform and apply our insights into supply chain transformation for a broader range of clients using our SCM consulting capabilities. Our clients will benefit from Axon's capabilities in the full range of Business Consulting and SAP Solutions."

"I am excited about the addition of SCM Solutions to Axon. Their deep understanding of the SAP supply chain solution is consistent with our global vision of being the SAP Systems Integrator of choice," added Steve Peck, President and CEO of Axon Americas. "SCM Solutions' capabilities will help Axon provide enhanced transformational value and a strategic differentiator for all companies using SAP. We will maintain SCM Solutions' strong commitment to their clients' success and are dedicated to providing outstanding opportunities to SCM Solutions' consultants."

SCM Solutions serves as an exceptional fit for Axon. Since their inception, they have been dedicated to SAP's enterprise applications, and like Axon, their objective has always been to provide premier consulting services with clear, measurable results for each client.

About Axon

Axon (www.axonglobal.com) is a Business Transformation consultancy that delivers significant business value to large, complex organizations through the innovative implementation of SAP technologies. Axon has over 2,000 experienced professionals specializing in the delivery of sustained business improvement through technology enabled transformation programs. Axon's consultants bring in-depth industry expertise alongside best practice functional knowledge to address the strategic, operational, information management and organizational effectiveness challenges faced by organizations today. Axon is renowned for its ability to help clients define more ambitious strategies, build more effective organizations and shape more successful futures.

Founded in 1994, Axon today has offices in the United States, United Kingdom, Canada, Malaysia, Singapore, China, India and Australia.

Apply for the latest Axon jobs on our job board.

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EDS announces expiration of waiting period under Hart-Scott-Rodino Act

by Editor 6/30/2008 4:38:00 PM
Electronic Data Systems Corporation has announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 relating to Hewlett- Packard Company's proposed acquisition of EDS has expired without a request for further information by the U.S. Department of Justice or Federal Trade Commission.

As previously announced, EDS has scheduled a special meeting of its stockholders, to be held at 9:30 a.m., Central time, on Thursday, July 31, 2008, to consider and vote on the proposed merger. The transaction still requires EDS stockholder approval and regulatory clearance from the European Commission and other non-U.S. jurisdictions and is subject to the satisfaction or waiver of the other closing conditions specified in the merger agreement.

About EDS

EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 46 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at eds.com.

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Accenture reports strong third-quarter fiscal 2008 financial results

by Editor 6/30/2008 4:25:00 PM
Accenture reported strong financial results for the third quarter of fiscal 2008, ended May 31, with net revenues of $6.10 billion, a year-overyear increase of 20 percent in U.S. dollars and 12 percent in local currency and the highest quarterly net revenues in the company’s history. Consulting and outsourcing revenues were both quarterly records, growing by double digits in U.S. dollars and local currency.

Earnings per share were $0.74, the highest for any quarter in the company’s history and an increase of 36 percent over the third quarter of fiscal 2007, driven largely by strong growth in revenue and operating income. In addition, the company has again raised its outlook for earnings per share for the full fiscal year 2008, to a range of $2.63 to $2.65 from its previously guided range of $2.55 to $2.60.

New bookings were $6.77 billion, with record quarterly consulting bookings of $3.98 billion.

The company grew operating income by 27 percent and expanded its operating margin by 70 basis points over the third quarter last year.

William D. Green, Accenture’s chairman & CEO, said, “Our excellent results in the third quarter include our highest-ever quarterly revenues and earnings per share. In addition, our disciplined approach to managing our diverse and global business enabled us to expand our operating margin, and the solid bookings we achieved demonstrate continued strong global demand for our services, even in markets experiencing difficult economic conditions.

“We continue to benefit from our long-term relationships with our clients, who seek our help in entering new markets, lowering the cost of doing business and managing increased levels of risk as they work to achieve and maintain high performance. To ensure that we continue to meet and anticipate our clients’ needs, we are investing in technological innovation and expanding our skills and capabilities through both organic growth and tactical acquisitions. We see strong momentum in our business as we look to the rest of the fiscal year, and we remain focused on delivering value for our clients, and in turn, our shareholders.”

Financial Review

Revenues before reimbursements (“net revenues”) for the third quarter of fiscal 2008 were $6.10 billion, compared with $5.08 billion for the third quarter of fiscal 2007, an increase of 20 percent in U.S. dollars and 12 percent in local currency.

􀂃 Consulting net revenues were $3.70 billion, an increase of 20 percent in U.S. dollars and 12 percent in local currency over the third quarter last year.

􀂃 Outsourcing net revenues were $2.40 billion, also an increase of 20 percent in U.S. dollars and 12 percent in local currency over the same period last year.

Diluted EPS for the third quarter were $0.74, compared with $0.54 in the third quarter last year, an increase of 36 percent, driven largely by strong growth in revenue and operating income and, to a lesser extent, by favorable foreign-exchange rates, a lower share count and a lower tax rate compared with the third quarter last year.

Operating income increased 27 percent, to $862 million, or 14.1 percent of net revenues, compared with $682 million, or 13.4 percent of net revenues, in the third quarter last year. Gross margin (gross profit as a percentage of net revenues) was 31.5 percent, compared with 31.7 percent in the third quarter of fiscal 2007.

Selling, general and administrative expenses were $1.06 billion, or 17.3 percent of net revenues, compared with $921 million, or 18.1 percent of net revenues, in the third quarter last year. The reduction as a percentage of net revenues was primarily due to strong revenue growth and the company’s management of general and administrative costs to a growth rate lower than that of its net revenues.

The company’s effective tax rate for the third quarter of fiscal 2008 was 30.8 percent, compared with 33.3 percent in the third quarter last year. The reduction in the effective tax rate compared with the third quarter last year was due primarily to changes in the geographic distribution of income.

Income before minority interest for the third quarter was $608 million, compared with $473 million for the same period of fiscal 2007, an increase of 28 percent.

For the three months ended May 31, 2008, operating cash flow was $1,080 million; property and equipment additions were $66 million; and free cash flow, defined as operating cash flow net of property and equipment additions, was $1,014 million.

Accenture’s total cash balance at May 31, 2008 was $3.33 billion, compared with $3.31 billion at Aug. 31, 2007. Cash combined with $39 million of fixed-income securities classified as investments on the company’s balance sheet was $3.37 billion at May 31, 2008, compared with $3.61 billion at Aug. 31, 2007. Total debt at May 31, 2008 was $7 million.

Read the full report here.

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Dell launches new infrastructure consulting services

by Editor 6/26/2008 1:47:00 PM
IT consulting jobs,technology consulting careers
Dell today introduced new infrastructure consulting services to help organizations of all sizes improve their storage management and data protection, enable effective disaster recovery procedures and implement backup recovery processes. These services will help companies better manage traditional data and the new and rapidly growing digital file content created by the increasing adoption of Web 2.0 technologies in business. Enterprise and medium-size organizations can expect to experience 55 percent compound annual growth rates in the volume of their file-based storage capacity over the next several years.

Connected Era Creating Unprecedented Storage Demand

The amount of information created this year will surpass available storage capacity as more and more consumers and businesses go online2. Companies must manage the complexities of growing storage infrastructures and protect, back up and retain data to comply with industry regulations, while protecting themselves from increasingly sophisticated external threats. Companies also want to fully utilize storage so that they don’t pay for storage that is not used.

“For many customers, managing their data access, protection and recovery environment has become unnecessarily difficult and the risk to the business through data loss in the event of human error or disaster is both real and material,” said Paul Kaeley, Storage Consulting Practice Director, Dell. “Dell's new consulting services provide a path to simplifying customers’ storage and backup environments.”

“Dell examined not only our immediate needs but also our goals for the future in terms of replication, disaster recovery and data back up,” said Barry Schwartz, IT/Network Manager of Metrologic Instruments.

Dell improved the efficiency of Metrologic’s data back up from 80 to 14 hours by consolidating servers, resulting in a goal of 200 percent return on investment, and helping ensure business continuity and protection of 40 years worth of the company’s intellectual property.

Services Designed Around Storage Management and Data Protection Pain Points

Dell will work with customers to:

• Implement a tiered-storage infrastructure where less critical data can be moved to the appropriate tier helping to drive down costs for the business;

• Rapidly identify improvements within backup and recovery infrastructure and help customers to stabilize and optimize operations; and,

• Plan, design and implement data disaster recovery to help protect and recover data in event of crisis.

Additionally, in partnership with GlassHouse Technologies Inc., Dell will plan, design and implement IT disaster recovery plans to ensure companies have the people, process and tools to restore IT operations in the event of a crisis. Dell can also simplify the management of heterogeneous backup environments by providing managed backup, remote backup monitoring and remote backup reporting.

“There’s an appetite for storage services, but companies are weary of long engagements that last for six months and the end result is a PowerPoint with a bunch of meaningless platitudes,” said Stephanie Balaouras, Forrester senior analyst. “What I like about [Dell’s services] is that there is an emphasis on consulting engagements that are short in duration and the recommendations are useful and actionable.”

Tiered Storage, Data Disaster Recovery and Backup Restore Optimization and Stabilization services are now available worldwide, except in Latin America. IT Disaster Recovery, Enterprise Backup and Restore Assessments and Managed Backup, Remote Backup Monitoring and Remote Backup Reporting services are available to customers in the U.S., U.K. and Canada and will be available to customers in the rest of Europe and Asia later this year.

Practical Solutions, Not Armies of Consultants

Dell has a modular approach to infrastructure consulting. The company uses tools, automation and repeatable methodologies and best practices to identify pragmatic solutions to IT infrastructure management challenges in days and weeks rather than months. Dell services also include on-going support and managed services.

Storage Consulting services are available directly from Dell and through Dell’s Partner Direct program. Channel partners should contact their account representative for further information.

About Dell

Dell Inc. listens to customers and delivers innovative technology and services they trust and value. Uniquely enabled by its direct business model, Dell is a leading global systems and services company and No. 34 on the Fortune 500. For more information, visit www.dell.com, or to communicate directly with Dell via a variety of online channels, go to www.dell.com/conversations. To get Dell news direct, visit www.dell.com/RSS

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BearingPoint Awarded IBM’s Asia Pacific SI Business Excellence Award

by Editor 6/25/2008 2:58:00 PM
BearingPoint, Inc., one of the world’s largest management and technology consulting firms, has been awarded Asia Pacific Systems Integrator Business Excellence Award of the Year 2007 for its solid commitment to IBM and delivering industry leading and cost-effective solutions to clients.

BearingPoint’s achievement in 2007 recognizes the success with the Information Management solutions and growth achieved through the expansion into Asia, including wins in Singapore and China. The development of new solutions into the financial sector also contributed to their award nomination.

IBM’s business alliance with BearingPoint began in Australia in 2001 and allows BearingPoint to combine its management and technology consulting expertise with IBM’s product portfolio of hardware and software to deliver quality solutions to the market.

“As an IBM Excellence Award winner, BearingPoint has been recognized for its partnership with IBM and expertise in our Information Management suite of products,” said Andrew Baker, Director, IBM Australia/New Zealand Global Business Partners.

“BearingPoint has established thought leadership in the Information Management space by implementing optimized IT solutions across a wide range of clients."

The IBM awards are held annually and this is the second time that BearingPoint has been awarded the SI Business Partner Excellence Award. The awards recognize business success, mutual teaming and successful client engagement.

“This award is testimony to a 14-year Strategic Alliance that BearingPoint and IBM have created across the world to deliver innovative value to customers. By merging BearingPoint’s capabilities with IBM’s technology, we are able to deliver more complete and compelling business solutions to bring competitive advantage to our clients,” said Charles Cochran, South Asia regional leader, BearingPoint.

The award was presented at the recent IBM Business Partner Summit event, held at the Westin Hotel, Sydney, on 7 May 2008. The awards recognize excellence for each segment of the channel, one winner for each segment: Systems Integration, Distribution, Solution Provider and Independent Software Vendor.

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BearingPoint Named 2008 TOP 10 China IT Outsourcing Services Provider

by Editor 6/25/2008 2:55:00 PM
BearingPoint, Inc., one of the world’s largest management and technology consulting firms, announced today that it has been recognized as one of the 2008 Top 10 China Outsourcing Services Provider at the 6th China International Software and Information Summit (CISIS) in Dalian.

The award – given by CISIS and InformationWeek China – is based on excellence in business, clients served, human resources and the financial health of the company. BearingPoint was selected a winner after an in-depth review of its business and capabilities compared to nearly 100 other outsourcing providers in China.

The judging commission commented that “as the clear outsourcing leader in China, BearingPoint enjoys a healthy competitive advantage particularly in providing strategy and solutions. BearingPoint has been able to win a number of outsourcing projects by leveraging its global footprint and capabilities.”

The commission also noted the significant progress that BearingPoint has made in China by providing both strategic and implementation services for government agencies and industrial parks.

For example, BearingPoint successfully managed the outsourcing strategy and planning for the China-Singapore Suzhou Industrial Park (CSSIP). One of the key accomplishments of the engagement was the development of an outsourcing strategy for CSSIP to better leverage existing manufacturing and industrial capabilities to deliver services and achieve coordinated growth across the firm. BearingPoint also helped CSSIP identify the company’s market potential in the local and global outsourcing market, set the strategic direction for growth, and establish goals and implementation objectives.

This honor builds on the recognition that BearingPoint has already received in the China outsourcing market including;

  • “Top 10 IT Consulting Firms” recognized by the ERP world.net and China Software Industry Association (CSIA) and
  • China CEO, Ron Machan, was named as one of the top “China Outsourcing Service Industry Leaders” by the China Outsourcing Service Center.

About BearingPoint, Inc.

BearingPoint, Inc. is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in more than 60 countries worldwide. Based in McLean, Va., the firm has more than 16,000 employees focusing on the Public Services, Commercial Services and Financial Services industries. BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. Our service offerings are designed to help our clients generate revenue, increase cost-effectiveness, manage regulatory compliance, integrate information and transition to “next-generation” technology. For more information, visit the Company's Web site at www.BearingPoint.com.

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CSC chosen as Top Technology Provider

by Editor 6/25/2008 1:16:00 PM
CSC today announced that it has received nine insurance industry recognitions from three separate groups during the 2008 ACORD LOMA Insurance Systems Forum. The awards, which were determined by property and casualty (P&C) insurance carriers, include first-place rankings in integrated systems, information technology (IT) services and IT outsourcing. The company also received an early adopter award for its leading administration system for life and annuity products, CyberLife.

"With one of the industry's broadest portfolios of insurance software and consulting services, CSC continues to deliver practical yet inventive solutions that answer immediate mission-critical client needs," said Ray August, president of CSC's P&C Insurance Division. "These industry acknowledgments validate CSC's ongoing commitment to helping insurance companies achieve business results."

Five of the industry awards were determined by the results of the second annual Vanguards in Insurance Practices survey conducted by Insurance Networking News and research firm Celent. The survey, which assesses the opinions of insurance carriers in the United States and Canada, ranked the top insurance technology providers across several categories.

Insurers were asked to name the technology firms that represented the "best of the best" in terms of delivering value. CSC was the only firm to receive two first-place rankings -- one for integrated systems and another for IT services -- as well as a second place in point solutions. In addition, CSC and its client, Accident Fund, shared first-place Best Practice Case Study honors for Accident Fund's use of CSC's POINT IN Agency Link software. CSC also received an honorable mention in this category.

"There is nothing decision-makers appreciate more than insight from their peers," said Craig Weber, senior vice president of Celent, which led the survey analysis. "That's why we base the Vanguards in Insurance Program on data gleaned purely from surveying insurance carriers and brokers."

At the conference, CSC was also selected as an Insurer's Choice 2008 technology firm. CSC ranked first in IT outsourcing for P&C insurers and in the top three in both operations and workflow. Insurer's Choice is an annual survey of the insurance industry co-sponsored by Tech Decisions and Financial Insights, an IDC company. This year's results reflect responses from more than 600 insurance professionals.

ACORD, a nonprofit insurance standards organization, also presented awards recognizing achievements in ACORD data standards implementations. CSC received an Early Adopter award for adding three more ACORD XMLife standards to CyberLife.

About CSC

CSC is a leading IT services company. CSC's mission is to be a global leader in providing technology-enabled business solutions and services.

With approximately 90,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in Falls Church, Va., CSC reported revenue of $16.5 billion for the 12 months ended March 28, 2008. For more information, visit the company's Web site at http://www.csc.com

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Almost half of IT workers admit to snooping in confidential files

by Editor 6/24/2008 3:32:00 PM

A recent research by software firm Cyber-Ark has revealed that almost half of all IT workers periodically snoop around networks to gain access to their companies' confidential files. 

"When it comes down to it, IT has essentially enabled snooping to happen. It's easy -- all you need is access to the right passwords or privileged accounts and you're privy to everything that's going on within your company," said Mark Fullbrook, Cyber-Ark's U.K. director. 

30 percent of the respondents said that privileged passwords were only changed once every quarter, while nine percent said that the passwords were never changed, which granted access to confidential information even to people who had left the company a while ago. 

"As we have seen many use their privileged passwords without having to seek authorization, and if the price is right, what's stopping them from choosing to trade information to the highest bidder," Fullbrook wondered. "Companies need to wake up to the fact that if they don't introduce layers of security and tighten up who has access to vital information by managing and controlling privileged passwords, snooping, sabotage and hacking will continue." 

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Oracle to launch Health Sciences Global Business Unit

by Editor 6/24/2008 2:56:00 PM
Responding to continued growth in clinical trials as well as the increasing linkages across life sciences, diagnostics and healthcare, Oracle has announced the formation of a new Global Business Unit focused on software applications for the health sciences industry. Neil de Crescenzo has been named Senior Vice President and General Manager for the business unit.

-- The Oracle Health Sciences Global Business Unit will build on Oracle's proven track record in the sector. Today, 20 of the 20 top pharmas and 14 of the 15 top U.S. hospitals run Oracle.

-- The Oracle Health Sciences Global Business Unit will help health sciences organizations discover, develop and successfully market innovative products and services to prevent and cure disease, enhance quality of life and meet their shareholder and stakeholder expectations.

-- Oracle today offers the sector's most comprehensive suite of software applications for clinical development. These products can be deployed individually or together and include Oracle Clinical, Oracle Remote Data Capture, Oracle Thesaurus Management System, Oracle Adverse Event Reporting System, Oracle Life Sciences Data Hub and Oracle's Siebel Clinical Trial Management System.

-- Oracle's application platform for health sciences helps companies bring together all the critical aspects of the clinical development, safety and pharmacovigilance processes into a single, open platform built on state-of-the-art technology.

-- Oracle's clinical applications provide a streamlined system for managing large volumes of patient data collected during clinical trials. They offer features for modeling any kind of clinical study, automatically storing components for reuse in a flexible global library.

-- The company also offers Oracle Healthcare Transaction Base, which helps healthcare companies simultaneously improve patient care and control costs by providing a foundation for interoperability and integration of existing and new systems.

"Accenture believes the industry needs to move to a more integrated set of clinical capabilities to realize the strategic value of the data available to support research and development," said Arjun Bedi, Global Lead of Accenture's Health & Life Sciences R&D practice. "We welcome efforts like Oracle's to bring together and enhance the necessary components to enable such a capability. With our range of services and the right software components, we can help our clients realize more business value from their R&D investments."

"There is a dramatic transformation taking place today in life sciences, diagnostics and healthcare in order to accelerate insights for better health. The creation of the Oracle Health Sciences Global Business Unit signals Oracle's commitment to this important sector and our focus on delivering value to health sciences organizations by offering them a comprehensive set of capabilities and superior ownership experience," said Neil de Crescenzo, Senior Vice President and General Manager, Oracle Health Sciences Global Business Unit.

Supporting Resources

Oracle in Health Sciences http://www.oracle.com/industries/health_sciences/index.html

Oracle Clinical Applications http://www.oracle.com/industries/life_sciences/clinical.html

Oracle Life Sciences Applications Receive Positive Rating from Leading Analyst Firm http://www.oracle.com/corporate/press/2008_mar/lsamarketscope.html

Oracle Life Sciences Customer Success http://www.oracle.com/customers/industries/lifesciences.html

Oracle Healthcare Transaction Base http://www.oracle.com/industries/healthcare/htb.html

About Oracle

Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com.

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