19.11.2007 17:40:00
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Chordiant Global Telecom Customer O2 Wins Prestigious Data Strategy Award
Chordiant Software, Inc. (NASDAQ:CHRD), the leading provider of Customer
Experience (Cx™) software and services, today
announced that its customer, O2, one of Britain’s
leading mobile telecommunications providers, has won Data Strategy
magazine’s award for ‘Best
Applied Data Mining/Modeling Product.’ The
competitively judged prize was awarded for the most effective use of
data and modeling to achieve measurable business outcomes. O2 was given
the award by demonstrating actual revenue uplift and improved customer
satisfaction as a result of using Chordiant’s
decisioning application throughout its contact centers.
"We are thrilled to be recognized for the all
the hard work the team put in to deliver a system that O2 Advisors use
daily and which actually delivers positive results back to the business.
In addition, the O2 and Chordiant teams have really demonstrated an O2 ‘can
do spirit’ by developing leading-edge work in
the industry,” said Simmi Bajaj, O2.
O2 recognized it had a need for an application that would improve the
customer experience and drive revenue. It also identified that it could
gain a competitive advantage from such an application. By providing a
single customer view, a more positive agent experience translates into a
better call as agents spend more time having relevant conversations with
customers, rather than searching for information. Using the application,
incremental revenue has been significant.
The O2 Vision application is powered by patented Chordiant Decision
Management (CDM) technology. It enables O2 to tailor their services,
response and offers to individual customer profiles and needs, in
real-time. With Vision, O2 is able to analyze service, revenue and
retention issues during the customer conversation to deliver actionable
recommendations that provide a unique "next
best action” for each individual customer.
This allows O2 to be more customer focused, rather than sales focused,
during each customer contact.
"The results obtained by our customer O2 are
an excellent example of the significant benefits true
customer-centricity can deliver for global brands,”
said Steven S. Springsteel, chairman, president, and CEO, Chordiant
Software. "Winning this prestigious award is
great recognition for the work we’re doing to
help businesses change the way they view and treat their customers. Our
market leading customers in telco, healthcare/insurance, and financial
services are discovering that with Chordiant, they can place their
customer at the center of their business while increasing profitability.
Nothing is better than this.” About Chordiant Software, Inc.
Chordiant helps leading global brands such as HSBC, Barclay’s,
CIBC and Capital One deliver the best possible customer experience.
Unlike traditional business applications, Chordiant Customer Experience
(Cx) solutions blend insight with predictive desktop decisioning to
uniquely understand the customer’s behavior
and predict positive outcomes. This deeper understanding cultivates a
lasting, one-to-one relationship that aligns the most appropriate value
proposition to each consumer. With Chordiant Cx solutions, customer
loyalty, operational productivity and profitability reach new levels of
return. For more information, visit Chordiant at www.chordiant.com.
Safe Harbor Statement
This news release includes "forward-looking statements" that are subject
to risks, uncertainties and other factors that could cause actual
results or outcomes to differ materially from those contemplated by the
forward-looking statements. Forward-looking statements in this release
are generally identified by words, such as "believes," "anticipates,"
"plans," "expects," "will," "would," "guidance," "projects" and similar
expressions which are intended to identify forward-looking statements.
There can be no assurance that other customers will be able to
successfully deploy the Chordiant Decision Management technology. There
are a number of important factors that could cause the results of
Chordiant to differ materially from those indicated by these
forward-looking statements. Other risks relating to Chordiant's products
are detailed under "Risk Factors" in Chordiant's Annual Report on Form
10-K for the fiscal year ended September 30, 2007, as filed with the
Securities and Exchange Commission. This filing is available on a Web
site maintained by the Securities and Exchange Commission at http://www.sec.gov.
Chordiant does not undertake an obligation to update forward-looking or
other statements in this release.
Chordiant and the Chordiant logo are registered trademarks of
Chordiant Software, Inc. The Customer Experience Company and Cx are
trademarks of Chordiant Software, Inc. All other trademarks and
registered trademarks are the properties of their respective owners.
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