Press release
SolveIT Software Signs Three-Year Agreement with Dentsu
TOKYO, JAPAN and ADELAIDE, SOUTH AUSTRALIA, 14 February, 2006 – SolveIT Software Pty Ltd, a premier provider of Profit Optimization software solutions for Global 1000 companies and government organizations, announced today that it has signed a three-year agreement with Dentsu Inc. (TSE: 4324) headquartered in Tokyo, Japan.“Under the terms of the agreement, SolveIT Software will provide Dentsu with advanced software solutions and consulting services in the areas of multi-objective optimization and forecasting,” said Dr. Martin Schmidt, Chief Technology Officer, SolveIT Software.
Dentsu Inc., founded in 1901, is the largest advertising company brand and the fifth largest marketing and communications organization in the world. Based in Tokyo, Dentsu offers national, multinational and global clients the most comprehensive range of advertising and marketing services through its unique “Total Communications Services” approach. Dentsu has pioneered and set global standards for integrated communications, which in latter years have been adopted by a number of major international networks. The group has more than 6,000 clients and 15,302 employees* in both Japan and in its offices overseas. Consolidated billings (net sales) for fiscal year 2004 were recorded at 1,910.4 billion yen. Dentsu is publicly quoted on the Tokyo Stock Exchange. For more information please visit: www.dentsu.com *As of March 31, 2005
“We are very happy to add one of the largest advertising corporations in the world as a client,” said Mr. Matthew Michalewicz, Chief Executive Officer, SolveIT Software. “Given our strong record of using Artificial Intelligence technologies to optimize complex business processes, we look forward to providing Dentsu with a competitive edge.”
Other recent successes of SovelT Software include the signing of several key customers, including ABP, which is the world’s second largest pension fund with €168 billion (AU$270 billion) under management, and the addition of Dr. Fred Glover, world-famous authority on Artificial Intelligence, to the company’s Scientific Advisory Board.
About SolveIT Software Pty Ltd
SolveIT Software is a premier provider of Profit Optimization solutions for Global 1000 companies and government organizations. The company was founded upon the cutting-edge research of several world-renowned computer scientists, and offers modeling, simulation, and optimization solutions for complex logistics and marketing problems. Based on proprietary technology platforms and the power of Adaptive Business IntelligenceÒ, the company’s software solutions can provide clients with measurable increases in revenue and/or decreases in cost. SolveIT Software also features a highly scalable business model, a strong set of competitive differentiators, and sophisticated core technologies that were pioneered by the company’s founders. For more information about SolveIT Software, please visit www.SolveITSoftware.com.
Forward-looking (safe harbor) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes", "plans", "expects" or "intends" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
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Contact:
SolveIT Software Pty Ltd
Plaza Building, L3, North Terrace, Adelaide, SA 5005
P.O. Box 3161, Adelaide, SA 5000
Phone: +61 8 8303-5405
Fax: +61 8 8303-4366
contact@solveitsoftware.com
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