August 17, 2004
FOR IMMEDIATE RELEASE
Visual Numerics, Teksouth, Team Together to Develop Innovative Neural
Network Forecasting Application
Business Intelligence Consulting Firm Uses Leading Analytics Solution to Create
Predictive Analytics Application for Accurate Budget Forecasting
San Ramon, CA - August 17, 2004 -- Visual Numerics Inc., a leading provider of numerical analysis and
visualization software, today announced that Teksouth Corporation, a leader in data discovery and business
intelligence, is using Visual Numerics' solutions to develop an innovative neural network forecasting
application for its customers. Based on Visual Numerics' IMSL® C Numerical Library, the forecasting
application will enable private sector and government organizations to more accurately project and
budget spending changes, and will help companies address accountability and regulatory compliance issues.
Headquartered in Birmingham, Alabama, Teksouth Corporation is developing the forecasting application
using Microsoft's .NET development platform and by partnering with Visual Numerics
Professional Services. The neural network forecasting application is designed to extract information from
historical cost data,
applying the information to forecast future costs. The analytic engine will have the flexibility to
prioritize historical data and exclude anomalous data to improve its predictive capabilities. One of
the most powerful features of this solution is its ability to mimic the brain's own problem-solving
process by applying knowledge gained from historical data to new problems, fine-tuning its forecasting
accuracy even more over time. This innovative application has tremendous potential for businesses and
government agencies around the globe.
"The flexibility and learning potential of our neural net forecasting application has significant
potential to help government agencies and commercial businesses improve their predictive analysis
capabilities, moving well beyond traditional tools into high end business intelligence," said Larry
Northington, vice president of strategic planning and corporate development for Teksouth, and a retired
U.S. Air Force Major General. "This application would not exist without Visual Numerics' mathematical
and statistical libraries and the top-notch work of their professional services experts."
"The neural network forecasting application that Visual Numerics developed with Teksouth is a truly
innovative use of our analytics technology and expertise," said Phil Fraher, COO of Visual Numerics.
"It will significantly enhance the ability of computer modeling and predictive analysis solutions to deliver
relevant, useful information to improve the management of data-intensive organizations. We are proud to be
part of a project that will help maximize organizations' efficiency by enabling them to better forecast and
manage budgetary expenses."
About the IMSL Numerical Libraries
The IMSL Numerical Libraries have been the cornerstone of highly predictive and deep computing applications
in science, technical and business environments for nearly three decades. These embeddable mathematical
and statistical algorithms, written in C, Java™ and Fortran, are used in a broad range of applications --
from programs that make airplanes fly and allow people to predict the weather, to those that enable
innovative ways to study the human genome and predict stock market behavior. The IMSL Libraries are regarded
as the most sophisticated, flexible, scalable and highly accessible technology available for numerical
analysis in the most important mainstream programming environments in use today. With the strength of
its IMSL Numerical Libraries and consulting expertise, more and more organizations are turning to Visual
Numerics for leading-edge business analytics solutions.
About Visual Numerics
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 consulting 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; The Dow Chemical Company; 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.
About Teksouth Corporation
Teksouth Corporation is a privately held firm headquartered in Birmingham, Alabama, with strategically
located program offices across the United States. The company has served both the commercial markets
and Federal government for more than a generation. Teksouth products and services include data
warehouse development, implementation, and support; web-based decision support tools; secure high-speed
data transport tools, as well as system engineering, integration, and program management. Among
Teksouth's current programs is the successful development and implementation of a terabyte-size data
warehouse with mature web-based tools that deliver a wide range of business intelligence options.
More information is available at www.teksouth.com.
Editor's Notes:
Visual Numerics and PV-WAVE are registered trademarks of Visual Numerics, Inc. in the US 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.
