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BIQ Named "Cool Vendor" by Leading Analyst Firm

Vendors selected for the Cool Vendor report are innovative, impactful and intriguing

Southborough, MA, March 13, 2007 — BIQ announced today that it has been included in the list of "Cool Vendors" in Gartner Inc.'s Cool Vendors in Supply Chain and Procurement, 2007 report.1

BIQ's spend analysis tool is built around a simple premise: business analysts can handle powerful processing and reporting capabilities without the help of IT or consulting services. Until now, the power to load and classify spending data, add dimensions and change data hierarchies, and create custom reports as needed, was almost always in the hands of professional services resources.

Eric Strovink, BIQ's chief executive officer, elaborated, "Without the ability to build their own datasets and modify the structure of the data within those datasets, business analysts can't explore with spontaneity. By putting a better set of tools into the hands of people doing the analysis, and making the dataset creation process easy, we're helping our customers find many more opportunities to save, enabling them to deliver value again and again over time."

BIQ allows point-and-click creation of data dimensions and measures, along with real-time construction and deconstruction of data hierarchies.  This eliminates the time, expense, and technical resources needed to make changes using conventional data warehouse tools. Analysts can quickly identify who is buying what, how much is going to which vendors, how one group's spending compares with others, and how spending and demand compare to previous periods or to other benchmarks.  In addition, analysts can build many different datasets to explore commodity-specific and other data sources that contain more detail than accounts payable.

About Gartner's Cool Vendors Selection Process
Gartner's listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.

Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn't do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner's interest or curiosity in approximately the past six months.

About BIQ
BIQ's mission is to provide innovative, enterprise level data analysis tools for the business analyst at a reasonable price. BIQ users are from both large and small enterprises within the financial, services, retail, healthcare, and manufacturing sectors. For more information about BIQ, visit

1. Gartner, Inc., "Cool Vendors in Supply Chain and Procurement, 2007", by Debbie Wilson et al, March 7, 2007.

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