DecisionPoint Software

About DecisionPoint Software

Established in 1996, DecisionPoint Software, also known as DecisionPoint Applications, operated as a provider of financial performance management software. The firm specialized in creating an integrated data foundation that helped organizations analyze business operations and enhance decision-making across various functions, including finance, human resources, manufacturing, and distribution. The company's software was designed to capture and transfer continuously changing data from financial source systems into a data warehouse, automatically reconfiguring the analytic environment as needed. This functionality was particularly valuable for finance organizations facing pressure for faster, more flexible reporting and improved performance management.

The company's primary offering centered on tools that streamlined the implementation of financial data warehouses. This capability allowed clients to integrate financial and non-financial data, improving data quality and providing greater visibility into financial results. A key milestone in the company's history was its strategic alliance with Teradata, a division of NCR Corporation, announced in May 2004. This partnership focused on integrating DecisionPoint's technology with Teradata's data warehouse to deliver advanced finance analytics to large enterprises. The collaboration proved successful, leading to the acquisition of DecisionPoint Software by Teradata, which was officially announced on November 30, 2005. The acquisition was driven by market demand for solutions that could build an accurate, integrated data environment to meet business performance and compliance needs.

Prior to its acquisition, DecisionPoint Applications was a venture-capital-backed company, securing investments from firms such as BT Group, Battery Ventures, IBM Ventures, and Seligman Technology Group. The company's software was used by clients like Harvard Pilgrim Health Care to shorten the time required for sourcing and integrating financial data, enabling more effective analysis of cost drivers. The acquisition by Teradata marked the conclusion of DecisionPoint's journey as an independent entity, integrating its technology into Teradata's broader portfolio of enterprise data warehousing and analytic applications.