Chelmsford-based Datawatch Corp. said today it has formed a strategic alliance with another Bay State technology company, Lavastorm Analytics, to help customers resolve Big Data and unstructured data problems.
By combining Datawatch's Information Optimization Platform with the Lavastorm Analytics Engine, customers can build analytical applications faster and with greater data variety in areas such as machine data analytics for IT operations, billing verification and accuracy for communications service providers, and electronic data interchange analytics for health care, officials said.
"Lavastorm's visual design paradigm is unique and opens up the ability to develop complex process-driven analytical applications in a whole new way," said Datawatch President and CEO Michael Morrison in a statement. "We are often called upon to help develop applications where customers are looking to enhance processes that go beyond the capabilities of traditional business intelligence solutions. Through this partnership we now have a powerful tool in our arsenal to deliver these types of solutions both to our customers and as part of our overall solutions strategy."
Both companies will support the partnership through co-selling and joint marketing programs starting immediately, officials said, adding Datawatch has also begun to evaluate incorporating Lavastorm into its packaged solutions to "provide more flexibility to customers who wish to tune these applications once they are deployed."
The announcement comes days after Datawatch reported second-quarter revenue of $6.83 million, a 4 percent increase from the same period a year ago. The company's non-GAAP net income for the second fiscal quarter was $390,000, or 6 cents per diluted share, compared to $354,000, or 5 cents per diluted share for the second quarter of 2012.
Datawatch added it expanded its partner channel in the quarter by adding 18 new global partners.
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