SwiftKnowledge, LLC, a global provider of web-based business
intelligence (BI) software, announced today the purchase of essentially
all of the assets of SwiftKnowledge, Inc., including all of its
intellectual property.
The purchase was made by Robert Olson, who assumes the role of chief
executive officer (CEO) of SwiftKnowledge, LLC. Olson was founder,
chairman of the board and CEO for Stellent, Inc., an Eden Prairie,
Minn.-based enterprise content management software provider acquired by
Oracle Corp. for $440 million in March 2007. SwiftKnowledge, Inc. was a
privately held company founded in 1999 by Daniel Moloney, Ph.D. and
Allie Gentry, who recognized the need for easily deployable, web-based
business intelligence solutions designed for and used by non-technical
business users. More than 10,000 users worldwide utilize SwiftKnowledge
products, which are built on an established BI technology that has been
awarded several patents for its unique security and scalability
functionalities.
“I’m excited about the opportunity at SwiftKnowledge, LLC for a number
of reasons,” said Olson. “I’m particularly excited about the instant
business benefits SwiftKnowledge’s BI technology provides to
organizations, given today’s challenging financial environment. The
leading-edge product can be deployed very quickly and is easily used,
putting great power in the hands of business users.
“I’m also excited by the strong parallels I see between the emerging
content management market of the 1990s – of which Stellent was a pioneer
– and today’s web-based BI market. For each market, rapid deployment,
ease of use by non-technical business users, a standards-based
architecture and salient business benefits were key requirements for a
viable, lasting technology solution. Stellent met these needs – securing
market leadership recognition because of it – and I believe
SwiftKnowledge is uniquely positioned to do the same for today’s BI
market.
“Additionally, the SwiftKnowledge technology is readily deployable in a
cloud computing environment – which significantly decreases both upfront
and ongoing costs – and lends itself favorably to an on-demand,
Software-as-a-Service (SaaS) business model. I believe this approach
will be a strong growth area for us because we are uniquely suited to
address this area of the BI market, which is growing rapidly. With
appropriate funding, an experienced management team and continued
execution, I believe SwiftKnowledge represents a great opportunity for
growth.”
Olson retained all SwiftKnowledge, Inc. employees, including Moloney and
Gentry. Moloney assumes the roles of president and chief operating
officer at SwiftKnowledge, LLC; Gentry is the new company’s chief
technology officer and chief financial officer.
“The current economic climate demands organizations have immediate,
increased visibility into their business,” said Moloney.
“SwiftKnowledge’s powerful BI software quickly and economically gives
companies easy, flexible, unified access to data, so they are alerted
when opportunities or issues arise, and can take proactive measures to
address them. With Bob’s guidance and leadership, we believe our
technology and company now are poised to reach their full potential.”
Initially, SwiftKnowledge will focus on specific vertical markets – such
as banking – for which the company offers comprehensive, integrated
solutions consisting of pre-packaged applications and configured
components.
“SwiftKnowledge gives banks a strong platform on which to grow
profitably by helping them manage, track and report on liquidity, risk,
customer metrics, prospect metrics and other key performance indicators
in real-time – a critical capability right now,” concluded Olson. “And,
the patented security model is uniquely suited to a banking environment
where security is a primary issue.”
About SwiftKnowledge, LLC
SwiftKnowledge, LLC is a global software provider of powerful, patented
business intelligence (BI) technology which drives strategic metrics and
enables better decision-making throughout an organization. Via an
easy-to-use, integrated analytic solution specifically designed for
non-technical business users, this 100 percent web-based technology
gives organizations real-time, secure access to multiple data sources
for proactive, effective management of key performance indicators. For
more information, visit www.swiftknowledge.com.
SwiftKnowledge and the SwiftKnowledge logo are registered trademarks
or trademarks of SwiftKnowledge, LLC in the USA and other countries. All
other trade names are the property of their respective owner.