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Systat Licenses Equbits Predictive Modeling Framework
Systat and Equbits embark on partnership to bring automated non-linear modeling to the data mining community.
Richmond, Calif., September 8, 2005: Systat Software, Inc. ("Systat"), a leading provider of specialized scientific software products & services, today announced a strategic alliance with Equbits LLC, the leading provider of non-linear based predictive modeling software.
The partnership will allow SYSTAT customers to take advantage of Equbits modeling capabilities, including model building and tuning and enhanced enterprise level integration between the company's products. As a result of the partnership, researchers in the areas of Genomics, Computational Chemistry, Image Analysis, Market Analysis and Fraud Detection will be able to solve core classification and regression problems in a more accurate manner. The integrated module will be marketed under the SYSTAT brand with over 65,000 users globally and distributed by Systat in 2006.
SYSTAT is an integrated desktop statistics and graphics software package that provides an extensive selection of reliable statistics and high- quality interactive graphics enabling Scientists, Engineers, and Statisticians to efficiently analyze, visualize and present their data.
"Equbits is excited to work with Systat in bringing novel machine learning technologies to the data mining community. By incorporating Equbits technology within the Systat product line, Equbits continues to demonstrate success in commercializing novel approaches to serving the data mining community."
EQUBITS Foresight(tm) is an easy to use desktop and enterprise predictive intelligence and analytics software that provides high predictive accuracy, interpretation and discovery.
"With this initiative we have addressed a new market in the data mining space. We are very excited about this engagement and are looking forward to working with Equbits in developing better products to address the needs of the scientific and engineering community," added Mueed Khader, Director, Systat Software, Inc.
About Equbits
Equbits LLC (www.equbits.com) provides software that helps scientists at pharmaceutical companies accelerate lead optimization. Equbits is a leading provider of state-of-the-art machine learning techniques for pharmaceutical scientists.
Equbits applies advanced machine learning techniques to QSAR (Quantitative Structure Activity Relationship) predictive modeling in an easy to use, intuitive software application geared towards HTS (High Throughput Screening) and ADME chemists. Founded by experts in the fields of machine learning, chemistry and software development, Equbits makes drug discovery possible with first-in-class computational applications that provide the most accurate, interpretable results.
About Systat Software, Inc.
Systat Software, Inc., is a leading developer and supplier of award- winning scientific software and services to the world's top companies, research centers and universities. Founded in 2002, the company is headquartered in Point Richmond, California, has offices in the United Kingdom, Germany and India and is enhanced by a network of resellers and distributors in more than 30 countries worldwide. For more information, visit www.systat.com.
The family of Systat products include SYSTAT(r), a comprehensive statistical analysis package, SigmaPlot(r), technical graphing and presentation software, SigmaStat(r), step-by-step guided statistical analysis, PeakFit, automated peak separation & analysis software, SigmaScan(r), powerful image analysis software, TableCurve 2D(r) and TableCurve 3D(r), automated curve and surface fitting software.
Media contact:
Alex Mera, Systat Software, Inc., amera@systat.com
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Equbits brings together expertise from the rational drug design arena, software applications development industry, and the field of machine learning theory.
New technologies were not entering the biopharmaceutical industry at a pace that met scientist's needs.
The industry has been inundated with products yet most software applications remain behind the curve on machine learning side. The latest methods were not being applied to the domain.
Equbits was formed to bring the latest technologies to scientists in an easy to use software application that makes results easy to interpret and analyze.
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