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FOR
IMMEDIATE RELEASE
October
28, 2003
SciTegic
and NovoDynamics Announce the Release of Decision Trees for Pipeline
Pilot; New Co-Marketing Agreement.
San
Diego, CA and Ann Arbor, MI. -- SciTegic® and NovoDynamics®
announce the release of the Decision Trees Collection for SciTegic's
data pipelining software, Pipeline Pilot.
Based on NovoDynamics' innovative ArborPharm
product, the component collection allows high throughput, chemically
intelligent mining of large pharmaceutical discovery data sets.
The two companies also announce the formation of a co-marketing
partnership that will allow SciTegic to exclusively distribute the
Decision Trees Collection in the cheminformatics and bioinformatics
market places.
"We
are delighted to partner with NovoDynamics and help introduce their
novel technology into the life science market. NovoDynamics' sophisticated
recursive partitioning methodology will provide our customers with
a powerful new way to analyze their data and build virtual screens
to speed their discovery efforts" said Dr. Mathew Hahn, CEO
of SciTegic. "This is another example of a growing number of
companies providing their application software through the Pipeline
Pilot platform."
"Pipeline
Pilot provides an excellent deployment vehicle for our algorithms",
said Don Garaventi, CEO of NovoDynamics. "The ability to graphically
prepare workflows that use recursive partitioning and to deploy
the resulting virtual screening models through a simple web interface
will allow broad access to our methodologies throughout discovery
organizations."
About
SciTegic
SciTegic, Inc. is a privately held San Diego company that develops
and markets informatics software to the pharmaceutical and biotechnology
industries. The company is pioneering a new technology approach
called "Data Pipelining" to process drug discovery data
with unprecedented flexibility. This new methodology is fast establishing
its utility by accelerating informatics research for hundreds of
users at dozens of customer sites worldwide. Further information
about SciTegic is available on the world wide web at: www.scitegic.com.
About
NovoDynamics
NovoDynamics, Inc. creates and sells leading-edge pattern recognition
and data mining software products and services focused on three
markets: Document Exploitation; Pharmaceutical Discovery and Development;
and Chemical Discovery and Development. Its customers are global,
"Fortune 500" companies, who are typically technology
leaders in their key markets, and important government agencies.
NovoDynamics' unique data mining and pattern recognition competencies
are based on its Advanced Discovery Informatics
technology platform that can be applied to different markets where
the common need is to uncover hidden trends, relationships, and
information in large, complex databases and document collections.
NovoDynamics is a privately owned company located in Ann Arbor,
Michigan. For more information visit their web site www.novodynamics.com,
or contact Jan Lerou, VP Business Development and Technology at
734-205-9115 or jlerou@novodynamics.com.
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