Palisade is a global leader in the decision analysis software industry for several years. The Rs 63-crore Binary Semantics will promote Palisade software by way of direct sales, roadshows, seminars and channel partners.Decision-making and risk analyses software has been introduced in Indian market for the first time. It is best suited for segments like finance and banking, consulting, budgeting and marketing, project management, engineering, manufacturing and pharmaceuticals.

Managing director Akhil Choudhary said, "The market for business tools meant for areas like risk analysis has always been there. We see immense opportunity in fulfilling these needs through some of the world's best suites."

The software being launched includes core products like @RISK, PrecisionTree, TopRank, BestFit andRISKView and are also available as an integrated set of five products designed to work together to provide combined analyses and maximum functionality.

These have been launched by the company through its software catalogue `Binary's Eureka' along with other software for data analysis, data mining, optimisation, engineering and project management.

Binary is in the process of tying up with more business partners from USA, company officials said. The company has already entered into tie-ups with many US players like Decisioneering, Montogomery Investment Technology, Business Forecast Systems, Experience In Software, QMS Inc, Salford Systems, Smart Software in the past.

Binary has a staff of over 230 professionals and offices in Pennsylvania, USA and major metros in India. It has a software development facility in Electronics City, Gurgaon and is involved in software marketing, development, exports, training and consulting. The company has developed ERP solutions, intranets, workflow applications ande-commerce solutions for its clients in India and USA.