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2/8/2008 BLLG Blink Logic Inc. Common Stock BLKL Blink Logic Inc. New Common Stock 1-7 R/S **
Looks to me like DJSW is in the midst of a breakout any predictions on the next stop. Looks to me like 42 cents is a good a guess as any.
DataJungle Appoints Craig Harper to Board of Directors
Oct 16, 2007 10:44:00 AM
SAN FRANCISCO, CALIFORNIA--(Marketwire - Oct. 16, 2007) - DataJungle Software (OTCBB:DJSW), a leading provider of next generation "on-demand" business intelligence (BI) software, today announced Craig Harper has joined its board of directors. Recently appointed as DataJungle's CTO, Harper will focus on supporting the company's efforts to break through traditional barriers in service delivery and offer flexible analysis tools that provide a multidimensional view of corporate data. Harper's expertise in creating flexible Software as a Service (SaaS) solutions is transforming DataJungle's proven software into a hosted, enterprise-class BI platform that puts the power of collaborative decision-making into the hands of end users.
"Since joining DataJungle in August 2007, Craig has driven the company's technology vision, which will change the way enterprises approach business intelligence," said David Morris, Chief Executive Officer, DataJungle. "His leadership capabilities and track record for building successful IT companies make him an ideal candidate for our board of directors."
"As a board member and CTO, I have a unique opportunity to ensure our technology and our customers are at the forefront of every decision we make," said Harper. "Over the next year, DataJungle will take advantage of a tremendous growth opportunity as we position the company to lead with on-demand services and integrated offerings for businesses looking to gain a competitive edge through data analysis."
Recognized by InfoWorld Magazine as a leading IT executive, Harper is a visionary, entrepreneur and manager who brings to DataJungle more than 20 years experience building strategic technology developments across data management markets. Fostering collaboration and innovation is an ongoing passion of Harper's, demonstrated through stellar leadership at multimillion dollar technology companies such as Lilien Systems and Avasta, Inc. In 2006, Harper founded Apisphere Inc., a Geo-enabled mobile messaging company, when he recognized the need for a mobile communications platform that delivered information based on geographic triggers. A published author, Harper completed the Channel Elite MBA Program at Babson College in Boston, MA, holds an honorary Masters Degree in Information Technology Management from Cornwall University, and earned two BS degrees in Quantitative Economics & Decision Science and Computer Science from the University of California, San Diego.
Craig Harper joins DataJungle's Board of Directors as Don Carter departs from his position on the Board. Don Carter had served since October 2003.
About DataJungle Software Inc.
DataJungle Software is delivering a new 'On-Demand' business intelligence solution for small to medium size business and large corporations with BI platforms including Cognos and Microsoft. Its flagship product, Matrix, has been specifically designed to provide maximum flexibility and independence from specialized report authors and programmers. Matrix brings together, in one integrated product, all the key BI capabilities required by the broadest range of end users in an organization -- including: dashboards, analysis, Web reports, annotation, collaboration, location intelligence, scorecards, and wireless alerts. For more information, please visit www.datajungle.com or call 1-800-311-4339.
Safe Harbor Statement
This release may contain forward-looking statements. These forward-looking statements are neither promises nor guarantees, but involve risks and uncertainties that may cause actual results to differ materially from those in the forward-looking statements. Readers should not place undue reliance on any such forward-looking statements that are based solely on information known as of the date of this release. DataJungle disclaims any obligation to update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
DataJungle Software Inc.
Robert Lendvai
Chief Marketing Officer
(416) 670-7851
Email: robert.lendvai@datajungle.com
Website: www.datajungle.com
High Road Communications
Mark Budgell
(415) 318-4210
Email: mbudgell@highroad.com
Source: DataJungle Software Inc.
----------------------------------------------
DataJungle Software Inc.
Robert Lendvai
Chief Marketing Officer
(416) 670-7851
Email: robert.lendvai@datajungle.com
Website: www.datajungle.com
High Road Communications
Mark Budgell
(415) 318-4210
Email: mbudgell@highroad.com
DataJungle Appoints Craig Harper to Board of Directors
Oct 15, 2007 10:34:00 AM
SAN FRANCISCO, CALIFORNIA--(Marketwire - Oct. 15, 2007) - DataJungle Software (OTCBB: DJSW), a leading provider of next generation "on-demand" business intelligence (BI) software, today announced Craig Harper has joined its board of directors. Recently appointed as DataJungle's CTO, Harper will focus on supporting the company's efforts to break through traditional barriers in service delivery and offer flexible analysis tools that provide a multidimensional view of corporate data. Harper's expertise in creating flexible Software as a Service (SaaS) solutions is transforming DataJungle's proven software into a hosted, enterprise-class BI platform that puts the power of collaborative decision-making into the hands of end users.
"Since joining DataJungle in August 2007, Craig has driven the company's technology vision, which will change the way enterprises approach business intelligence," said David Morris, Chief Executive Officer, DataJungle. "His leadership capabilities and track record for building successful IT companies make him an ideal candidate for our board of directors."
"As a board member and CTO, I have a unique opportunity to ensure our technology and our customers are at the forefront of every decision we make," said Harper. "Over the next year, DataJungle will take advantage of a tremendous growth opportunity as we position the company to lead with on-demand services and integrated offerings for businesses looking to gain a competitive edge through data analysis."
Recognized by InfoWorld Magazine as a leading IT executive, Harper is a visionary, entrepreneur and manager who brings to DataJungle more than 20 years experience building strategic technology developments across data management markets. Fostering collaboration and innovation is an ongoing passion of Harper's, demonstrated through stellar leadership at multimillion dollar technology companies such as Lilien Systems and Avasta, Inc. In 2006, Harper founded Apisphere Inc., a Geo-enabled mobile messaging company, when he recognized the need for a mobile communications platform that delivered information based on geographic triggers. A published author, Harper completed the Channel Elite MBA Program at Babson College in Boston, MA, holds an honorary Masters Degree in Information Technology Management from Cornwall University, and earned two BS degrees in Quantitative Economics & Decision Science and Computer Science from the University of California, San Diego.
Craig Harper joins DataJungle's Board of Directors as Don Carter departs from his position on the Board. Don Carter had served since October 2003.
About DataJungle Software Inc.
DataJungle Software is delivering a new 'On-Demand' business intelligence solution for small to medium size business and large corporations with BI platforms including Cognos and Microsoft. Its flagship product, Matrix, has been specifically designed to provide maximum flexibility and independence from specialized report authors and programmers. Matrix brings together, in one integrated product, all the key BI capabilities required by the broadest range of end users in an organization -- including: dashboards, analysis, Web reports, annotation, collaboration, location intelligence, scorecards, and wireless alerts. For more information, please visit www.datajungle.com or call 1-800-311-4339.
Safe Harbor Statement
This release may contain forward-looking statements. These forward-looking statements are neither promises nor guarantees, but involve risks and uncertainties that may cause actual results to differ materially from those in the forward-looking statements. Readers should not place undue reliance on any such forward-looking statements that are based solely on information known as of the date of this release. DataJungle disclaims any obligation to update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
DataJungle Software Inc.
Robert Lendvai
Chief Marketing Officer
(416) 670-7851
Email: robert.lendvai@datajungle.com
Website: www.datajungle.com
High Road Communications
Mark Budgell
(415) 318-4210
Email: mbudgell@highroad.com
Source: DataJungle Software Inc.
----------------------------------------------
DataJungle Software Inc.
Robert Lendvai
Chief Marketing Officer
(416) 670-7851
Email: robert.lendvai@datajungle.com
Website: www.datajungle.com
High Road Communications
Mark Budgell
(415) 318-4210
Email: mbudgell@highroad.com
hey RIGS, that is great info, and I know all about Concordia University in Canada as my 2 oldest children both went there for their post secondary education, and I was born only 60 Km from Montreal and go there quite often when I go home for visits..... we have a winner here... KID
DataJungle Software Announces Win With Concordia University
- One of Canada's largest universities selects DataJungle Matrix to track enrollment and financial metrics -
Oct 3, 2007 9:00:00 AM
OTTAWA, ONTARIO--(Marketwire - Oct. 3, 2007) - DataJungle Software (OTCBB:DJSW), a leading provider of next generation "on-demand", self-service business intelligence software, today announced that its Matrix software has been selected by Concordia University of Montreal Canada.
"We selected Matrix because it allows each end-user to readily create personalized views and dashboards of the metrics of specific interest to them. Matrix also permits us to leverage our investment in both hardware and the Microsoft Business Intelligence Platform," said Andrew McAusland, Associate Vice-President, Instructional and Information Technology Services (IITS) of Concordia. "We expect that Matrix will allow us to gain a unified and shared insight into our enrollment patterns -- as well as our sources and uses of funding -- that we have never had before. These are important issues for the efficient operation of our university."
With over 180 undergraduate programs, Concordia is one of Canada's largest universities with four Faculties: Arts and Science, Engineering and Computer Science, Fine Arts and the John Molson School of Business.
With Matrix, Concordia will have a single integrated and seamless BI environment with capabilities required by all classes of users including dashboards, analysis, annotation, web reports, and wireless alerts.
Matrix is being rolled out to university administration, as well as users in other business units, who will use Matrix to track and analyze key enrollment, fundraising, and financial metrics and trends. It will be deployed on top of a Microsoft SQL Server business intelligence infrastructure.
"We are very excited that Concordia has selected Matrix as the primary window into their operational data," said David Morris, DataJungle President & CEO. "Matrix's ability to provide independence to end-users to create and organize views of their key metrics anyway they want, without having to spend time and money on expensive report authors has really hit a nerve in the market."
About Concordia University
With approximately 40,000 students enrolled, Concordia University of Montreal is one of Canada's largest universities. Concordia offers more than 180 undergraduate programs as well as over 70 graduate programs leading to Masters and Doctoral degrees.
About DataJungle Software Inc.
DataJungle Software is delivering a new 'On-Demand' business intelligence solution for small to medium size business and large corporations with BI platforms including Cognos and Microsoft. Its flagship product, Matrix, has been specifically designed to provide maximum flexibility and independence from specialized report authors and programmers. Matrix brings together, in one integrated product, all the key BI capabilities required by the broadest range of end users in an organization -- including: dashboards, analysis, Web reports, annotation, collaboration, location intelligence, scorecards, and wireless alerts. For more information visit www.datajungle.com or call 1-800-311-4339.
Safe Harbor Statement
This release may contain forward-looking statements. These forward-looking statements are neither promises nor guarantees, but involve risks and uncertainties that may cause actual results to differ materially from those in the forward-looking statements. Readers should not place undue reliance on any such forward-looking statements that are based solely on information known as of the date of this release. DataJungle disclaims any obligation to update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
DataJungle Software Inc.
Robert Lendvai
Chief Marketing Officer
(416) 670-7851
Email: robert.lendvai@datajungle.com
High Road Communications
Martin Hofmann
Sr. Vice President
(416) 644-2257
Email: mhofmann@highroad.com
Source: DataJungle Software Inc.
----------------------------------------------
DataJungle Software Inc.
Robert Lendvai
Chief Marketing Officer
(416) 670-7851
Email: robert.lendvai@datajungle.com
High Road Communications
Martin Hofmann
Sr. Vice President
(416) 644-2257
Email: mhofmann@highroad.com
DataJungle Software Completes the Sale of Convertible Debentures Having a Total Principal Amount of $4.070 Million in a Private Placement
Oct 2, 2007 8:02:00 AM
OTTAWA, CANADA--(Marketwire - Oct. 2, 2007) - DataJungle Software (OTCBB:DJSW), ("DataJungle") a provider of next generation "on-demand", self-service business intelligence software, today announced that it sold in a private placement to accredited investors Debentures, due September 28, 2009, having an aggregate principal balance of $4,070,000 for $3,500,000 (before deducting expenses and fees related to the private placement). The Debentures are secured by the assets of the company and are convertible into shares of the Company's common stock at a price of $0.15 per share subject to adjustment as provided in the Debentures. As part of the private placement, the Company also issued the investors Warrants to purchase up to 20,350,000 shares of the Company's common stock at a price of $ 0.28 per share subject to adjustment in certain circumstances detailed in the warrants DataJungle's new management team intends to use the net proceeds of the private offering to accelerate product development along with increased investment in sales and marketing of its new on-demand business intelligence software as detailed in the Company's press release on September 11, 2007.
"With this financing closed, we now have a stronger balance sheet and are positioned to execute on our business plan," said David Morris, chief executive officer of DataJungle.
The securities sold by the Company in the private placement were not registered under the Securities Act of 1933, as amended (the "Securities Act"), and were sold in reliance upon exemptions from the registration requirements of the Securities Act pursuant to Regulation D promulgated under the Securities Act. Therefore, such securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933 and any applicable state securities laws. This press release does not constitute an offer to purchase any securities or a solicitation of an offer to sell any securities.
About DataJungle Software Inc.
DataJungle has delivered a new 'On-Demand' business intelligence solution for small to medium size business and large corporations with BI platforms including Cognos and Microsoft. Its flagship product, Matrix On-Demand, has been specifically designed to provide maximum flexibility and independence from specialized report authors and programmers. Matrix brings together, in one integrated product, all the key BI capabilities required by the broadest range of end users in an organization -- including: dashboards, analysis, Web reports, annotation, collaboration, location intelligence, scorecards, and wireless alerts. For more information visit www.datajungle.com or call 1-800-311-4339.
Safe Harbor Statement
This release may contain forward-looking statements. These forward-looking statements are neither promises nor guarantees, but involve risks and uncertainties that may cause actual results to differ materially from those in the forward-looking statements. Readers should not place undue reliance on any such forward-looking statements that are based solely on information known as of the date of this release. DataJungle disclaims any obligation to update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
DataJungle Software Inc.
Larry Bruce
613-254-7246 ext.110
info@datajungle.com
Source: DataJungle Software Inc.
----------------------------------------------
DataJungle Software Inc.
Larry Bruce
613-254-7246 ext.110
info@datajungle.com
Late day volume surge again? ~Rig
we sure are 'RIGS'.... kid
we are looking fine ~Rig
good close .3197 and green love that colour... KID
'Rigs' still a very good day holding at .3097 as last... KID
I know he's a personal Fav!
the best! ~Rig
UPdated DJSW chart...
~Rig
.31 ask getting blasted ~Rig
hahahahah very nice picture love the certification... Kid
Very Impressive!
it is but for how long, i hope long enough for me to load up... lol KID
hello Steveo, I just came aboard this stock from a tip from very well to do family members and they told me to buy buy buy, so I am.... glad to see you here I think we can and will make on this one....kid
Very pleased with the move from teens once again... Its till under the radar imo.
~Rig
'Rigs', very nice day today, just hit .315 lets have HOD for close... Kid
Is this the next undiscovered gem?
I'm keeping an eye on this one and will pick some up when I free up enough $$$
GLTA!!!
Hi there Kid!!
Go Bears!!!
.30 getting hit again ~Rig
'Rigs', this sleeping giant will awake soon and then the THUNDER will start, and that thunder is investors trying to get aboard before it is too late. HOD is .318, last price on my LL2 is .288 lots of time left in the trading day.. KID
Yesssss, i like the way the volume has been ^ticking daily ~Rig
'Rigs' imagine if we had some buying pressure what this would do, but first I need to load a few more. I have some funds being released tomorrow.... hope it is not too late at these prices.... KID
Last time we topped out at .32 range...
volume is great this go round...
~Rig
'Rigs', I believe we are in for a cross of the 50 & 200 moving this should move the PPS upwards past the 52 week high... my order was filled @.288... I'm aboard.... KID
here's the chart...
~Rig
yup .308, this going to be a fun ride... KID
There's the .30 print ! ~Rig
Kindergartenkid...
thanks for the info!
~Rig
thanks for the welcome 'Rigs', the word out in the field from my sources says dollars in 2008 maybe sooner. My nephew and his yuppie gang of investors found this stock with others that play on BAY ST. up here in Canada and they say buy and hold.... So I am buying and holding.... KID
Kindergartenkid...
welcome!
what kind of targets are you hearing?
~Rig
Great board and stock got the tip from family in OTTAWA and can't wait for my order to fill... this is going to be fun... KID
Some nice interest today indicated by the volume and tape...
701,400 which is 5 X 10 day daily average...
DJSW(2007/09/25)
Time (EST) Volume Price Exchange Bought/Sold Tran/Type Legend
15:58:36 5000 0.26 - OTCBB
15:57:48 5000 0.26 - OTCBB
15:50:48 3400 0.27 + OTCBB
15:50:09 5000 0.27 + OTCBB
15:49:15 5000 0.26 + OTCBB
15:38:33 1000 0.26 + OTCBB
15:38:30 4000 0.26 + OTCBB
15:30:24 5000 0.25 + OTCBB
15:27:27 5000 0.25 + OTCBB
15:27:09 4000 0.25 + OTCBB
15:24:33 4000 0.25 + OTCBB
15:20:45 22500 0.24 + OTCBB
15:19:03 10200 0.24 + OTCBB
15:05:30 5000 0.24 + OTCBB
15:01:24 25000 0.24 + OTCBB
15:00:03 5000 0.24 + OTCBB
14:59:51 15000 0.24 + OTCBB
14:59:27 7500 0.24 + OTCBB
14:56:03 28000 0.24 + OTCBB
14:55:24 20000 0.24 + OTCBB
14:54:39 25000 0.24 + OTCBB
14:41:45 4800 0.23 + OTCBB
14:41:42 5000 0.23 + OTCBB
14:30:33 5000 0.23 + OTCBB
13:40:45 10000 0.23 + OTCBB
13:25:54 50000 0.23 + OTCBB
13:24:45 30000 0.22 - OTCBB
13:24:39 25000 0.23 + OTCBB
13:18:12 40000 0.22 - OTCBB
13:18:12 40000 0.22 - OTCBB
13:17:51 15000 0.225 - OTCBB
13:15:42 10000 0.23 + OTCBB
13:11:15 10000 0.23 + OTCBB
13:05:54 5000 0.23 + OTCBB
13:05:48 5000 0.23 + OTCBB
12:57:15 50000 0.22 - OTCBB
12:56:30 50000 0.225 + OTCBB
11:33:27 30000 0.22 - OTCBB
11:33:24 10000 0.225 - OTCBB
11:33:00 15000 0.23 OTCBB
11:33:00 15000 0.23 + OTCBB
11:10:33 17500 0.23 + OTCBB
10:47:36 5000 0.23 + OTCBB
10:45:12 10000 0.23 + OTCBB
10:43:36 10000 0.23 + OTCBB
10:03:21 9500 0.23 + OTCBB
09:53:51 10000 0.23 + OTCBB
09:44:39 7500 0.23 + OTCBB
09:44:36 5000 0.225 - OTCBB
09:44:36 7500 0.23 OTCBB
Gotta love the quiet move ~Rig
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
September 10, 2007
DATAJUNGLE SOFTWARE INC.
(Exact Name of Registrant as Specified in its Charter)
NEVADA
001-05996
91-0835748
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
1 Hines Road, Suite 202, Ottawa, Ontario, Canada
K2K 3C7
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: (613) 254-7246
N/A
(Former Name or Former Address if Changed Since Last Report)
Check the appropriate box below if the Form 8K fining is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17CFR230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]
Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
SEC 873 (3-05)
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
--------------------------------------------------------------------------------
Item 1.01 Entry into a Material Definitive Agreement
On September 10, 2007, Larry Bruce, Edward Munden and Denes Bartakovich agreed to release DataJungle Ltd., the wholly owned Canadian subsidiary of DataJungle Software Inc. (“Company”) from the obligation to pay $250,397 Canadian dollars of unpaid salary, bonuses, commissions and other amounts owing to them by DataJungle Ltd.
Item 3.02 Unregistered Sales of Equity Securities
On September 10, 2007, the Company agreed to issue warrants to purchase 300,000 shares of restricted common stock at $0.15 per share expiring on September 10, 2011 to each of Larry Bruce, Edward Munden and Denes Bartakovich or their assignees.
On September 10, 2007, the Company cancelled 750,000 stock options of the Company issued to Edward Munden. On the same date, Edward Munden or his assignee was issued warrants to purchase 500,000 shares of common stock at $0.51 per share expiring on September 10, 2011 and warrants to purchase 250,000 shares of restricted common stock at $0.25 per share expiring on September 10, 2011.
In September 2007, a lender to the Company agreed to convert $26,068.49 of debt and accrued interest owing to the lender to 278,732 shares of restricted common stock of the Company.
In September 2007, a creditor of the Company agreed to convert $48,000 of amounts owing to the creditor to 513,231 shares of restricted common stock of the Company.
In September 2007, the Company granted stock options to employees to purchase 140,000 shares of restricted common stock of the Company at $0.15 per share. These stock options vest over a period to August 31, 2010 and expire at various dates to August 31, 2014.
In September 2007, the Company received $125,000 pursuant to a 10% promissory note (“Note”) maturing on November 30, 2007. The Company issued 375,000 shares of restricted common stock to the holder, pursuant to the terms of the Note.
These transactions were exempt pursuant to Section 4(2) of the Securities Act of 1933.
--------------------------------------------------------------------------------
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
DataJungle Software Inc.
/s/ Larry Bruce
___________________________________
Larry Bruce, Chief Financial Officer, Secretary &
Treasurer
Date: September 14, 2007
DataJungle CEO Issues Operational Update Detailing a New Direction in Business Intelligence Solutions
New Name, New Branding, New Business Model, New Growth Opportunities
Sep 11, 2007 10:09:00 AM
OTTAWA, ON -- (MARKET WIRE) -- 09/11/07 -- DataJungle Software Inc. (OTCBB: DJSW), a leading provider of next generation "on demand" business intelligence (BI) software, today issued a comprehensive corporate update to provide its shareholders with meaningful insight into a series of fundamental business changes and developments occurring at the Company. In a formal statement, David Morris, the new Chief Executive Officer of DataJungle, stated:
"It's time to forget everything you thought you knew or believe you understood about DataJungle Software. The sweeping changes underway at DataJungle have redefined our business literally overnight. Our overriding mission, our technology's value proposition, our business plan, our future, and, indeed, the future of business intelligence are all experiencing a radical transformation.
"As the Company's new CEO, my first mandate was to honestly and thoroughly evaluate and affirm DataJungle's existing business plan and growth opportunities. One fact became immediately evident, our key asset, Matrix, is one of the most robust, competitively differentiated, media rich products in the BI market today. Recognizing this, the next obvious questions were: What issues have plagued the Company's ability to achieve material market penetration in the past and what do we need to do now to overcome them?
"To help me answer these important questions and manage the risks associated with our vision and future, I recruited a new executive team that includes Craig Harper - CTO, Robert Lendvai - CMO and Paul Gariboldi - SVP WW Field Operations. Our newly expanded management team has arrived at a series of conclusions that are now coming to bear on how we intend to move the Company forward aggressively and successfully.
Changes currently underway
"The implementation of an entirely new corporate and product branding strategy is an immediate focus. We will soon have a new corporate name and identity package that will support and complement the refined market positioning of our Company and our Matrix product/service offerings. We have engaged the creative firm of Evoke Solutions to assist us in developing this rebranding strategy and look forward to formally unveiling our fresh new look in the next 30-60 days.
"Extensive change in our business model and technology format has also already begun. Our traditional sales model provided for Matrix to be licensed to customers as a 'dashboard' solution for both the Cognos and Microsoft BI platforms. Effective immediately, we will begin offering Matrix as 'On-Demand' Software. With a goal of creating the 'Salesforce.com' of the BI market. early market feedback suggests a hosted Matrix On-Demand product represents a new class of BI software and a high growth opportunity for DataJungle.
"We believe that as the industry begins to understand our highly attractive value proposition, DataJungle's growth could prove to be swift and profound. We are already experiencing signs of increased demand in the three market segments we are selling into. We have three very distinct target markets: independent software vendors, small to medium size businesses and BI user communities within Fortune 2000 corporations.
"Industry experts agree that BI is one of the largest and fastest growing sectors in the enterprise software market, projected to reach $16 billion by 2011. Just as compelling, the On-Demand/Software as a Service (SaaS) market, pioneered by Salesforce.com, is estimated to grow to more than $19.3 billion in the same timeframe. Given this forecasted growth, it is clear to us that we must be properly positioned to fully capitalize on our superior technology and service offerings, and we must move very quickly to implement our plan. "Our core strategy is to hire best of breed experts in the field, position the Company as s global player and leader in BI, and make the next several quarters defining points of clarity and growth for our Company.
"On behalf of everyone at DataJungle, I'd like to thank our shareholders, business partners and friends for their generous and continuing support. We pledge that we will remain diligent on building an enduring and prosperous company -- and one that we will all proud to be associated," concluded Morris.
About DataJungle Software Inc.
DataJungle Software has delivered a new 'On-Demand' business intelligence solution for small to medium size business and large corporations with BI platforms including Cognos and Microsoft. Its flagship product, Matrix, has been specifically designed to provide maximum flexibility and independence from specialized report authors and programmers. Matrix brings together, in one integrated product, all the key BI capabilities required by the broadest range of end users in an organization -- including: dashboards, analysis, Web reports, annotation, collaboration, location intelligence, scorecards, and wireless alerts. For more information visit www.datajungle.com or call1-800-311-4339.
Safe Harbor Statement
This release may contain forward-looking statements. These forward-looking statements are neither promises nor guarantees, but involve risks and uncertainties that may cause actual results to differ materially from those in the forward-looking statements. Readers should not place undue reliance on any such forward-looking statements that are based solely on information known as of the date of this release. DataJungle disclaims any obligation to update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
Dodi Handy,
President and CEO
or
Daniel Conway,
Chief Strategist
Elite Financial Communications Group
407-585-1080
or
via email at Email Contact
DataJungle Expands Executive Leadership Team With Appointment of Paul Gariboldi as Executive Vice President of Global Field Operations
Aug 22, 2007 12:52:00 PM
OTTAWA -- (MARKET WIRE) -- 08/22/07 -- DataJungle Software Inc. (OTCBB: DJSW), a leading provider of next generation "on demand" business intelligence software, today announced that it has continued the expansion of its senior leadership team with the appointment of Paul Gariboldi as Executive Vice President of Global Field Operations. In collaboration with Robert Lendvai, the company's new Chief Marketing Officer, Gariboldi is tasked with the overall coordination, functional management and leadership of all sales activities of the Company.
Gariboldi brings DataJungle an extensive background in managing sales of information technology solutions, products and consulting services to Fortune 2000 accounts worldwide, with emphasis on leading edge e-commerce technologies. Prior to joining DataJungle, he served as Senior Vice President of Sales and Services at Informative, Inc. As Vice President of the Americas for atg (Art Technology Group), he directed and managed sales of the Dynamo e-commerce platform, helping to grow the Company from 13 employees to over 220 worldwide and increasing sales from $6 million to more than $164 million annually. Prior management posts have included General Manager of The Concorde Group, Ltd in Cambridge, Massachusetts; Director of Western Region of MITEM Corp.; and Regional Director of Oracle Corporation. After earning a BS in Accounting and a BA in Political Science from Rutgers University, Gariboldi began his career as a staff accountant with KPMG Peat Marwick.
Commenting on Gariboldi's appointment, David Morris, CEO of DataJungle, noted, "Paul has a very impressive track record of success in building and managing highly productive and efficient global sales teams that have delivered extraordinary sales growth in relatively short periods of time. Consequently, we feel very fortunate to have won him to the DataJungle management team and believe his sales leadership will be instrumental in assisting our Company to achieve rapid market penetration for our newly defined on-demand business intelligence platform."
"DataJungle is in the right place at the right time -- at the leading edge of an explosive market opportunity. On-demand business intelligence represents an innovative and highly cost efficient approach to empowering enterprise customers with incomparable flexibility, unlimited scalability and on-demand access to vital data intelligence required to retain competitive and cost advantages in their businesses. I'm thrilled to be joining DataJungle at this important inflexion point in its history and expect that few obstacles will stand in the way of the Company's future success," stated Gariboldi.
About DataJungle Software Inc.
DataJungle Software has developed a new on-demand, enterprise business intelligence front-end for leading business intelligence infrastructures, including the Microsoft and Cognos platforms. Its flagship product, Matrix, is the most robust and comprehensive BI dashboard software solution available for these platforms, which are the most widely deployed BI infrastructures in the world. Built on Web 2.0, Matrix integrates with Microsoft SQL Server, Analysis Services, Reporting Services, the KPI Framework, Virtual Earth, and SharePoint. Through its on-demand platform, DataJungle offers enterprise companies -- on a per seat subscriber basis -- turnkey, web-enabled access to customized, mission critical data intelligence wherever and whenever they need it.
Matrix encompasses the full range of capabilities required by the broadest range of user classes in an organization -- these include: dashboards, OLAP analysis, Web reporting, collaboration, annotation, scorecards, location intelligence and wireless alerts. Matrix provides unmatched flexibility, end-user customizability, and impact, and was designed to require minimal training for end users and administrators. Some of the world's leading companies use DataJungle software, including General Motors, Hewlett-Packard, Raytheon, Flextronics, BEA Systems, and Emerson Electric. DataJungle is a Microsoft Gold Certified Partner and a Cognos Technology Partner. For more information, please visit www.datajungle.com.
Safe Harbor Statement
This release may contain forward-looking statements. These forward-looking statements are neither promises nor guarantees, but involve risks and uncertainties that may cause actual results to differ materially from those in the forward-looking statements. Readers should not place undue reliance on any such forward-looking statements that are based solely on information known as of the date of this release. DataJungle disclaims any obligation to update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
Larry Bruce
(613) 254-7246 ext.110
Email Contact
1 Hines Road, Suite 202
Ottawa, Ontario, Canada K2K 3C7
Dodi Handy
President and CEO
or
Daniel Conway
Chief Strategist
Elite Financial Communications Group
407-585-1080
or via email at Email Contact
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