Sage Software and Timeline Inc. Announce Strategic BI Patent Agreement
Irvine, Calif. - February 23, 2006 - Sage Software and Timeline Inc. today announced an agreement whereby Sage has acquired non-exclusive worldwide rights to Timeline’s data mart patents. Under the terms of the agreement, Sage will be able to provide integrated data mart capabilities within any of Sage’s ERP, Accounting, CRM or Business Intelligence products.
“Business Intelligence and advanced reporting are among the top of our customer and partner priorities and Sage has plans to develop offerings in this area across our entire product range,” said Sage Software CEO Ron Verni. “This agreement gives us the ability to create highly automated Sage Business Intelligence products for our accounting, ERP and CRM solutions that can be delivered to both our small business and mid-market customers worldwide.
“Sage Business Intelligence and advanced reporting products will offer our customers more timely, accurate and business focused information and can help improve ROI by monitoring all financial and non financial aspects of our customers’ businesses,” continued Verni.
Charles Osenbaugh, CEO of Timeline Inc., commented: “We are delighted to have signed this agreement with Sage Software as we continue to expand the excellent working relationship we have developed with Sage over the years. We are pleased that Sage, as the leader in business management software for small and mid-sized businesses, recognizes the value that the Timeline patents offer their customers and business partners in the area of data mart production.”
Sage is developing a range of Business Intelligence products to integrate with its market leading business management applications across North America, the UK and Europe. Product development has begun that will provide advanced analytics within Sage CRM SalesLogix later this year as a new component of the mid-market Sage Business Intelligence application. In addition, Sage’s IntelligentApps BI product is sold to divisions of large businesses including Morgan Stanley, Shell and Reuters, enabling them to conduct highly complex analysis of their financial and commercial data. Sage Intelligent Reporting, which delivers true BI capability out-of-the-box for small businesses, will be launched on March 1st initially to Sage’s Line 50 UK customers.
