Naperville, Ill., Jan. 24, 2000 - Visual Insights announced that it has acquired Visible Decisions, Inc. (VDI). Toronto-based Visible Decisions is the developer of In3D and SeeIT software applications and a leading designer of custom data visualization applications for the financial services industry. Formerly a wholly owned Lucent Technologies venture, Visual Insights also announced that it is has received venture funding from ABN AMRO Private Equity, the Intel 64 Fund and Emigrant Capital as well as additional investment from Lucent's New Ventures Group.
"The acquisition of Visible Decisions, along with the strength of our new investment partners, enables Visual Insights to bring new applications to market that will revolutionize the way people build sales, marketing and operational strategies based on historical and real-time data," said Douglas A. Cogswell, president and CEO of Visual Insights. "With the need to react so quickly, particularly in e-business, organizations are starving for a new class of solution that transcends traditional query and reporting methods."
"Our combined mission is to improve the way our customers build and manage their business performance strategies," said Sharon Lyons, the vice president of sales and services for Visual Insights and former president of Visible Decisions. "Together we can accelerate our product plans and attain broader market penetration for a new class of e-business-focused applications."
For more information about the acquisition, visit www.visualinsights.com.
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