Visual Numerics®
Moves Headquarters to Houston
35 Year-old Numerical
Analysis Leader Returns to Texas Roots
with Plans to Pursue Emerging Business Intelligence Markets
SAN RAMON, Calif. – May 2, 2006 –
Visual Numerics, Inc., celebrating 35 years of producing advanced
numerical analysis and visualization software, announced that effective
today it has moved its headquarters and executive team from San
Ramon, California back to Houston, Texas, one of the company’s
two principle R&D centers. In Houston, which
has the second highest number of Fortune 500 companies after New
York City, Visual Numerics will be in a better position to maximize
the efficiency of its R&D efforts and take advantage of the
favorable cost of living as the company grows its employee base.
In the next five years, Visual Numerics will also pursue emerging
markets such as business analytics, as well as traditional market
segments such as oil and gas and high-performance computing.
Visual Numerics also plans to work more closely with the University
of Houston, Rice University and other academic institutions. In
2002, Visual Numerics launched the Knowledge in Motion™ program,
an attractive pricing program for professors and students aimed
at encouraging exploration of the practical side of mathematics
and statistics.
“It is more critical than ever to excite students about math
and science,” says Phil Fraher, president and CEO of Visual
Numerics. “It’s incumbent on companies like us who have
the right mathematics tools and expertise to make them available
to this next generation of scientists and quantitative experts.”
Fraher foresees a greater need for sophisticated visual data analysis
solutions for the state’s oil market. As a software engineer
at Exxon earlier in his career, Fraher worked on the first generation
of visualization software for oil exploration, which is similar
to what Visual Numerics now sells to worldwide oil companies and
other industry companies with large data sets.
“Building proprietary analytics applications to handle massive
data sets will not only become a business imperative for companies,
but it will be a key competitive differentiator as well,”
said Fraher. “I’m excited about returning to Houston
because we’re bringing our seasoned executive management and
tenured R&D teams closer together to build even better data
analysis and visualization software for our customers so they can
solve real world business problems. We’re in this for the
long haul.”
In 1970 when founder Chuck Johnson launched the company in Houston,
then known as International Mathematical and Statistical Libraries
(IMSL™), it sold its advanced libraries of mathematical and
statistical routines to R&D laboratories and corporate testing
facilities. The company moved its headquarters to Silicon Valley,
CA in 2001 to be closer to its reseller partners and immerse itself
in the Valley’s energetic start-up climate. Now, Visual Numerics’
IMSL Family of Libraries are used by over 500,000 people worldwide
for important research from analyzing cancer treatment data to forecasting
mobile phone traffic, and hundreds of other critical applications
that require math and statistics. The company has nine other offices
around the world, and long-term OEM and reseller relationships with
global partners such as Intel, IBM and Microsoft.
About Visual Numerics, Inc.
Visual Numerics has provided technical software solutions for
numerical analysis and visualization for more than three decades.
The company's software products help users understand complex data
from a variety of sources and build business-critical applications.
Visual Numerics offers two product lines: the IMSL Numerical Libraries
for powerful mathematical and statistical analysis and the PV-WAVE®
visual data analysis development environment. Visual Numerics also
offers customized professional services for applications that involve
mathematical, statistical, or visual data analysis to meet today's
business analytical needs.
Major corporations, academic institutions, and research laboratories
worldwide use Visual Numerics' software tools, including such high
profile companies as: Bear, Stearns & Company; Barclays Global
Investors; Priceline.com; Humana, Sandia National Laboratories;
and Boeing Company. This large and diverse customer base is supported
through a direct sales force, wholly owned international subsidiaries,
and international distributors. For more information about Visual
Numerics, please visit www.vni.com.
Trademark Statement:
Visual Numerics and PV-WAVE are registered trademarks of Visual
Numerics, Inc. in the U.S. and other countries. IMSL, JMSL, JWAVE,
TS-WAVE and Knowledge in Motion are trademarks of Visual Numerics,
Inc. All other company, product or brand names are the property
of their respective owners.