Datawatch Announces Agreement To Acquire Panopticon To Deliver Real-time Big Data Visual Discovery Solutions

 Datawatch Announces Agreement To Acquire Panopticon To Deliver Real-time Big
                       Data Visual Discovery Solutions

  PR Newswire

  CHELMSFORD, Massachusetts, June 17, 2013

-- Datawatch Becomes First to Offer Analytic Solutions Linking Structured,
Semi-Structured and Unstructured Data to High Velocity Visual Discovery

CHELMSFORD, Massachusetts, June 17, 2013 /PRNewswire/ -- Datawatch
Corporation (NASDAQ-CM: DWCH), the leading global provider of information
optimization solutions, has agreed to acquire Panopticon Software AB , a
privately held Swedish company specializing in the delivery of real-time
visual data discovery solutions. Under terms of the definitive agreement -
unanimously approved by the Boards of Directors of both companies - Datawatch
will acquire all outstanding shares of Panopticon in an all-stock
transaction. Based upon the closing price of Datawatch common stock as of
June 14, 2013, the deal is valued at approximately $31.4 million. Completion
of the transaction is subject to the approval of the Datawatch stockholders,
which is expected to occur during its fiscal fourth quarter ending September
30, 2013.

(Logo: http://photos.prnewswire.com/prnh/20121015/NE92833LOGO )

The integration of Panopticon's advanced visual data discovery software makes
Datawatch the first company to deliver real-time analytics and discovery by
accessing the industry's broadest variety of data types
simultaneously—including traditional structured relational databases,
semi-structured sources like reports, PDF files, EDI streams, print spools and
documents stored in files systems or enterprise content management systems,
with a new mix of unstructured data such as machine data and social media
stored in Big Data solutions or streaming directly from a host of real-time
applications.

Associating all relevant data in a visually-rich, real-time analytical
environment enables businesses to isolate and resolve problems as they occur,
perceive hidden patterns, track emerging market trends, and identify
opportunities for competitive advantage and improved business processes.
Panopticon's customers span all vertical industries and include some of the
largest multinational companies in the world, including Citigroup, Credit
Suisse, HSBC, J.P. Morgan, Novartis, Pfizer, Vodafone, Cable & Wireless, Shell
and BAE.

"The acquisition of Panopticon is a transformative event for Datawatch and the
industry," said Michael A. Morrison, President and CEO of Datawatch. "This
acquisition will immediately benefit our combined customers, partners and
prospects by allowing them to accelerate the development and deployment of
solutions that use the wide variety of data formats and sources present in
every organization. Our collective capabilities to address Big Data
opportunities are vastly improved with the high velocity access enabled by
Panopticon's real-time visual data discovery solution and the variety of data
sources and formats that can be transformed by the Datawatch Information
Optimization platform."

Panopticon is a particularly good fit for Big Data environments where visual
data discovery capabilities allow people to use their intuition to find
meaningful – and actionable – information in all the data available to them,
including semi-structured and unstructured sources, real-time streaming feeds
as well as message buses and complex event processing engines.

"Panopticon pioneered interactive, real-time visual data discovery to speed up
business processes, reduce operational and investment risks, detect anomalies
and identify opportunities for growth," said Willem De Geer, Managing Director
of Panopticon. "We are excited to join forces with Datawatch and bring a
truly unique solution for visual analysis of the wide diversity of data
formats that exist within enterprises. Our customers and partners will be
thrilled to have the opportunity to incorporate semi-structured and
unstructured data into their Panopticon solutions."

"Effective visualization of business information is in heavy demand; our
research shows that 48 percent of organizations have indicated presenting data
visually is an essential business analytics capability, with visual data
discovery being one of the top three big data analytics needs not effectively
delivered today, and that visualization is more important for businesses than
just a focus on velocity or volume," said Mark Smith, CEO and Chief Research
Officer, Ventana Research. "Datawatch's acquisition of Panopticon to extend
the value of information optimization with analytical discovery, that
maximizes the use of data and events, is what business has been demanding and
the combination will bring new innovation to our industry."

In addition to its technology value, Panopticon also enjoys strong
partnerships and alliances with many influential global organizations,
including Thomson Reuters, SAP, Deloitte, Accenture and QlikTech. Panopticon
was recently named a "Cool Vendor" in the Cool Vendors for In-Memory Computing
2013 report by Gartner, Inc.

Morrison concluded, "Our growth strategy at Datawatch is based in large part
upon a growing solution portfolio and a robust partner ecosystem. With the
addition of Panopticon's unparalleled visualization technology, we accelerate
our time to market in both key areas. Panopticon has developed more than 30
customer-ready solution assets and forged dozens of partner and alliance
relationships. The synergies between our businesses are compelling and should
become even more exciting as the Big Data and real-time markets continue to
expand."

Canaccord Genuity acted as Datawatch's exclusive financial advisor on the
Panopticon transaction.

CONFERENCE CALL

Datawatch plans to hold a conference call/webcast with the investment
community today, Monday, June 17, 2013 at 1:00PM ET, to discuss this
announcement. To join the conference call, please dial 877-407-0782 or
internationally 201-689-8567 at least 10 minutes before the start of the call.
You may access the webcast by following this link:
http://www.investorcalendar.com/IC/CEPage.asp?ID=171131 . A replay of the
webcast will be posted to Datawatch's investor relations website (
www.investor.datawatch.com ) approximately one hour after the completion of
the call.

ABOUT PANOPTICON SOFTWARE AB

The world's most successful financial institutions, telecoms companies, energy
firms, and major corporations use Panopticon data visualization software to
monitor performance, analyze risk, detect fraud, and identify anomalies in
vast amounts of real-time data. Panopticon's visual data discovery technology
supports fast, interactive analysis of large data sets and real-time data and
the company's world class customer base includes 12 of the 15 largest
financial institutions in the world as well as major telecoms, energy,
pharmaceuticals, and retail corporations. For more information, visit
www.panopticon.com .

ABOUT DATAWATCH CORPORATION

Datawatch Corporation (NASDAQ-CM: DWCH ) is a leader in providing information
optimization products and solutions that allow organizations to deliver the
greatest data variety possible into their big data and analytic applications.
Datawatch provides organizations the ability to integrate structured,
unstructured, and semi-structured sources like reports, PDF files, and EDI
streams into these applications to provide a 360 degree perspective of the
issues and opportunities that exist in their businesses. More than 40,000
organizations worldwide use Datawatch products and services, including 99 of
the Fortune 100, and businesses of every type can benefit from the power and
flexibility of industry leading Datawatch solutions. Datawatch is
headquartered in Chelmsford, Massachusetts with offices in London, Munich,
Singapore, Sydney and Manila, and with partners and customers in more than 100
countries worldwide. For more information, visit www.datawatch.com .

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995

Any statements contained in this press release that do not describe historical
facts may constitute forward-looking statements as that term is defined in the
Private Securities Litigation Reform Act of 1995. Any such statements,
including but not limited to those relating to results of operations,
contained herein are based on current expectations, but are subject to a
number of risks and uncertainties that may cause actual results to differ
materially from expectations. The factors that could cause actual future
results to differ materially from current expectations include the following:
risks associated with the continuing weak global economy; risks associated
with fluctuations in quarterly operating results due, among other factors, to
the size and timing of large customer orders; risks associated with
acquisitions, including the recent acquisition of intellectual property from
Math Strategies and the acquisition of Panopticon; the volatility of
Datawatch's stock price; limitations on the effectiveness of internal
controls; rapid technological change; Datawatch's dependence on the
introduction of new products and possible delays in those introductions;
competition in the software industry generally, and in the markets for
information optimization in particular; Datawatch's dependence on its
principal products, proprietary software technology and software licensed from
third parties; risks associated with international sales and operations; risks
associated with indirect distribution channels; the adequacy of Datawatch's
sales returns reserve; risks associated with a subscription sales model;
Datawatch's dependence on its ability to hire and retain skilled personnel;
disruption or failure of Datawatch's technology systems that may result from a
natural disaster, cyber-attack or other catastrophic event; and uncertainty
and additional costs that may result from evolving regulation of corporate
governance and public disclosure. Further information on factors that could
cause actual results to differ from those anticipated is detailed in various
publicly-available documents, which include, but are not limited to, filings
made by Datawatch from time to time with the Securities and Exchange
Commission, including but not limited to, those appearing in the Company's
Annual Report on Form 10-K for the year ended September 30, 2012 and Form 10-Q
for the quarters ended December 31, 2012 and March 31, 2013. Any
forward-looking statements should be considered in light of those factors.

Additional Information:

In connection with the proposed transaction and solicitation of stockholder
approval of the proposed transaction, Datawatch will file with the Securities
and Exchange Commission (the "SEC") a Proxy Statement as well as other
relevant documents. Shareholders are urged to read the Proxy Statement
regarding the proposed transaction when it becomes available and any other
relevant documents filed with the SEC, as well as any amendments or
supplements to those documents, because they will contain important
information about the proposed transaction. You will be able to obtain a free
copy of the Proxy Statement, as well as other filings containing information
about Datawatch and Panopticon, at the SEC's Internet site (
http://www.sec.gov ). You will also be able to obtain these documents for
Datawatch, free of charge, at www.datawatch.com under the tab "Investor
Relations" and then under the heading "SEC Filings." Copies of the Proxy
Statement and any SEC filings incorporated by reference in the Proxy Statement
can also be obtained, free of charge, by directing a request to Datawatch
Investor Relations, Datawatch Corporation, 271 Mill Road, Quorum Office Park,
Chelmsford, Massachusetts 01824, +1-978-441-2200.

No communication herein shall constitute an offer to sell or the solicitation
of an offer to buy securities, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of such
jurisdiction. The shares of Datawatch common stock to be issued as
consideration in the proposed transaction have not been registered in the
United States and may not be offered or resold in the United States without
registration or an exemption from registration in the United States.

Datawatch and its directors and executive officers may be deemed to be
participants in the solicitation of proxies fromDatawatchstockholders in
connection with the proposed transaction. Information aboutDatawatch's
directors and executive officers is set forth in the proxy statement for its
2013 annual meeting of shareholders, as filed with the SEC on Schedule 14A on
January 28, 2013. Additional information regarding the interests of those
participants and other persons who may be deemed participants in the
transaction may be obtained by reading the Proxy Statement regarding the
proposed transaction when it becomes available. You may obtain free copies of
this document as described in the preceding paragraphs.

Investor Contact: Datawatch Investor Relations investor@datawatch.com Phone:
+1-978-441-2200 ext. 8323

Media Contact: Sarah BernardiDatawatch Corporation
Sarah_Bernardi@datawatch.com Phone: +1-978-441-2200 ext. 8387Twitter:
@datawatch

© 2013 Datawatch Corporation. Datawatch, Monarch and their respective logos
are trademarks or registered trademarks of Datawatch Corporation in the United
States and/or other countries. All other names are trademarks or registered
trademarks of their respective companies.

Website: http://www.datawatch.com
 
Press spacebar to pause and continue. Press esc to stop.