InformationActive Inc. announces Version 3 of its Industry Leading Excel based Data Analysis Tool ActiveData for Excel

Ottawa, Canada - InformationActive Inc. officially announced today the release of version 3 of its industry leading Excel-based auditing, financial analysis and data analysis tool, ActiveData for Excel. Version 3 is a major leap forward for ActiveData for Excel and represents the benchmark for a whole generation of data analysis software. As a Microsoft Certified ISV Developer, InformationActive has been working closely with new Microsoft tools to incorporate leading features of Excel 2007 into this new release of ActiveData. Revolutionary advances in Excel will be reflected in ActiveData, including a new “ribbon” style interface and the ability take full advantage of the extension of Excel to over 1 million rows. ActiveData for Excel Version 3 is fully “backwards compatible” thus users of earlier versions of Excel will continue to enjoy the same great ActiveData for Excel experience they have always had.

ActiveData for Excel version 3.0 is fully integrated with the new Excel 2007 ribbon interface, which provides the user with a “results-oriented” work experience. This innovation will simplify the user experience and deliver increased productivity and performance. The extension of Excel to over 1 million rows means that ActiveData for Excel will become the tool of choice for those wishing to do data manipulation and analysis for most small to medium sized enterprises. ActiveData for Excel builds on advances made in other InformationActive products such as ActiveData for Office to offer users increased performance and speed at the desktop for all their data analysis and data manipulation requirements.

According to John West, Vice President of Technology, “We believe this is a watershed moment for ActiveData for Excel. Users have longed for the ease of use of Excel, but with the ability to do some heavier lifting when it comes to sheer volume of transactions. Our ActiveData for Office product, can manage high volume data on a truly impressive scale, but this new version of ActiveData for Excel will give users the best of both worlds; a great user interface and a powerful tool that can handle significant data volumes.”

Reaction from the user community has been similarly enthusiastic. Roman Kepczyk, (CPA, CITP) contributor for The CPA Technology Advisor Magazine stated in his recent Technology in Practice article, IT Predictions For 2007 And Beyond:

“With Excel 2007 increasing the spreadsheet grid to 1,048,576 rows and 16,384 columns, Excel will be capable of handling even more advanced data management needs that traditionally required Microsoft Access or data extraction tools such as ACL and IDEA. With Excel having a much shorter learning curve than the extraction tools, we anticipate that Excel-based tools such as Active Data will take off …” (the full text of the article can be found at http://www.cpatechnologyadvisor.com/publication/article.jsp?pubId=1&id=1478)

InformationActive Inc President, Michael Pluscauskas observed, “Our objective since the inception of this company has been to provide accounting, audit and financial analysts with superior tools that would work in environments that they use everyday. We feel, with the release of ActiveData Version 3, we are continuing to meet that goal. ActiveData for Excel leverages the immense power of the new Excel 2007 engine to offer our customers incredible functionality, ease of use and performance at an unbeatable price.”

As an introductory offer, ActiveData for Excel Version 3 will continue to be priced at $199 per seat for the early part of 2007. A 30 day fully functional free trial of ActiveData for Excel Version 3 is available for download at www.informationactive.com. Current users are eligible for a free upgrade by simply selecting “ActiveData online updates” under the ActiveData Help menu.

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About InformationActive

InformationActive is an industry leading creator of Data Analysis software products and services. We create products and services that make your audit engagement or fraud examination more cost effective. We help you provide timely business information that satisfies compliance, promotes continuous monitoring and reduces business risk.