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Technology / AI and automation

HYPERPARALLEL RENEWS BROADBASE DATA MART AGREEMENT

San Francisco, California based data mining specialist HyperParallel Inc has strengthened an existing tie-up with Broadbase Information Systems Inc (CI No 3,257). The two companies are currently beta testing an integrated decision support product based on Hyperparallel’s data mining software and Broadbase’s data mart offering. Hyperparallel’s offering will work as a Java Virtual Machine within Broadbase’s data mart in a similar way to the Oracle Corp’s database cartridge system, said the company. Meanwhile, HyperParallel says it has temporarily shelved three additional query tools in the areas of contribution analysis, trend analysis and Bayesian analysis. Instead it’s currently in development with two graphical user interfaces for a new client based tool to compliment its existing server offerings. That product should be available with both scientific and business orientated versions some time in the first quarter of next year. The private company, formed in 1994, would not reveal profits but said total revenues for its last fiscal year were less than $10m. It currently employs around 40 people and has funding from three venture capital firms; AVI and Idanta Partners, who jointly own 30% of the business, and WPP Group Plc, the UK-based parent company of advertising agencies J Walter Thomson and Ogilvy & Mather, which signed up in May. HyperParallel did not disclose the level of funding, and doesn’t expect to go for its initial public offering for at least another two years. HyperParallel said pricing for the new integrated product being developed with Broadbase would be agreed at the time of availability. The new offering is due for release in tandem with the new Broadbase server running Windows NT.

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CBR Staff Writer

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