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VERIX RELEASES UPDATED VERSION OF ON-DEMAND AUTOMATED SALES ANALYSIS SERVICE

Mountain View, CA (January 3, 2007) – Verix announces the release of the newest version of its Verix Discovery Suite today.  Version 2.3 offers users even greater insight into performance changes discovered by the solution.  Users can work offline through a newly expanded excel export and gain better at-a-glance features that enable viewing of additional data dimensions with a few clicks. 

Highlights include:

• Information sharing – When a user wants to share insight with other users, they can now easily exchange events from within the online application.
• Improved insight – Users can now gain additional insight by comparing multiple measures together to better understand the root causes of a performance change.
• Improved email alerts - Enhancements to the email alerts greatly improve the immediate understanding of discovered performance changes.

A full enhancements list is on the Verix web site.  Discovery Suite v2.3 is available immediately.

“This new release of our on-demand automated analytic service adds important new capabilities which let organizations share findings into the drivers of performance changes, as well the ability to gain a deeper understanding of the root cause of sales and revenue performance changes” said Kirk Krappe, Vice President of Sales and Marketing at Verix software. “We continue to focus on addressing a fundamental problem with currently available enterprise information systems. Business users simply do not have the time necessary to perform detailed analysis.”

The Verix Discovery Suite uses innovative algorithms to comprehensively analyze business information to discover performance changes in data. This patent-pending capability automatically analyzes data and requires no rules to maintain or technical models to build.  Rather, it learns from data to understand when a change in performance occurs.  So users can sit back and let the solution tell them when something changes in sales volume and revenue.  Users enjoy the luxury of finally getting direct visibility into the business and causes of performance changes, as the system takes care of the grunt work and directly emails interesting findings.

For example, one Verix client was adversely affected by the recent rollout of Medicare’s Part D program.  They didn’t realize that one high-performing drug was no longer covered, until the Verix service alerted them of a drastic drop in market share in an area that was a particularly high prescribing region. This change was found be Verix before it was appearing in standard reports allowing the client to take action sooner, and thereby minimizing the impact on drug sales.  Verix Discovery Suite also informed them of the specific doctors within that region that were causing the drop.  The sales team was able to speak to and educate the doctors on how to still affordably prescribe the drug.  They offered a solution for working around Medicare Part D, without compromising the patient’s health and medication choice.  Market share rose again and revenue was only temporarily affected. 

About Verix
Verix is an innovative new company which provides an on-demand analytic service allowing organizations to identify and focus on the most important changes in their business before they become a trend or appear in a report. The Verix Discovery Suite utilizes technology which reveals changes and sends them directly to the relevant people. This enables users to take action, early and focus on the most important areas of the business. The results -- significant increases on performance through enhanced efficiency and optimization. For more information, please visit www.verix.com.