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Risk and Decision Analysis Software Leader Palisade Corporation Opens Office in Tokyo, Japan

13 April 2011, Tokyo, Japan - Palisade Corporation, the market - leading developer of risk and decision analysis software, announces the opening of the Palisade Japan, a new office in Tokyo dedicated to serving the Japanese market. 

Headquartered in Ithaca, New York, USA, Palisade was founded in 1984 and is best known for its @RISK and DecisionTools Suite line of risk analysis and decision support software that adds-in to Microsoft Excel. @RISK utilizes a technique known as Monte Carlo simulation to account for uncertainty in spreadsheet models and to quantify the probability of different outcomes occurring. The DecisionTools Suite combines @RISK with other analytics such as decision trees and optimization to provide the most integrated such toolkit available today. The company also maintains offices in Sydney, Australia, London, England and Rio de Janeiro, Brazil.

In light of the ongoing tragedy here in Japan, risk management will be an important tool for facing the uncertainties that lie ahead.  Monte Carlo simulation is a technique that has long been used in disaster response and emergency management.  With Monte Carlo techniques, you can examine thousands of different scenarios at once. The result of a Monte Carlo analysis tells you the probability of different events occurring – impacts to financial markets, disease outbreaks, power failures as well as supply and demand of critical resources. Monte Carlo can also tell you the impact of these events, and allows you to determine what critical factors are driving the risks. For example, we may not be able to prevent a drop in confidence in the Nikkei, but understanding the likelihood and impact of a financial collapse can help people make plans to protect assets and hedge risks.

The opening of the new office comes after the release of Palisade’s full @RISK and DecisionTools Suite line of software in Japanese. These moves solidify the company’s commitment to Japan and represent the latest extension of the company’s global reach. Palisade software is also available in Chinese, Spanish, Portuguese, German, and French, as well as English.

The new office provides local sales, order fulfillment, and support in Japanese.  Invoicing and payment is done in Japanese yen, and a Japanese Palisade web site has been established with product information, online ordering, case studies, and tutorials – all in Japanese.  “Now more than ever we feel it’s important to be there for our Japanese clients,” noted Palisade president Sam McLafferty. “By removing barriers such as language, currencies, and time zones, we hope to fill an important need in the rebuilding of Japan as well as in Japan’s long-term growth.”

Palisade has experienced increasing demand for @RISK and the DecisionTools Suite in Japan in recent years.  According to Sydney-based Palisade Asia-Pacific Managing Director Mark Meurisse, “Manufacturing, finance, shipbuilding, utilities, and insurance are just a few industries using Palisade software to analyze risk in Japan.  In addition, we have seen strong growth in the adoption of @RISK and DecisionTools Suite software by MBA programs at many universities in Japan.  These schools are preparing the next generation of business leaders by teaching them how to perform the quantitative analyses in DecisionTools software.”

Contact Palisade Japan:

15/F Cerulean Tower,
26-1 Sakuragaoka-cho, Shibuya,
Tokyo 150-8512
東京都渋谷区桜丘町26-1 セルリアンタワー15F
Tel: +81 03 5456 5287

For more information, contact:
Mark Meurisse
Managing Director, Palisade Asia-Pacific
Tel +61 2 9252 5922

For more information, contact:

Randy Heffernan
Tel: +1 607-277-8000
Fax: +1 607-277-8001

130 East Seneca Street
Suite 505
Ithaca, NY 14850
800 432 RISK (US/Can)
+1 607 277 8000
+1 607 277 8001 fax
Palisade EMEA & India
+44 1895 425050
Palisade Asia-Pacific
+61 2 9252 5922
Palisade アジア・
+81 3 5456 5287 tel
Palisade Latinoamérica
+1 607 277 8000 x318
+54-1152528795  Argentina
+56-25813492 Chile
+507-8365675 Panamá
+52 55 5350 2852 México
+511-7086781 Perú
+57-15085187 Colombia
Palisade Brasil
+55 (21) 3958 1443
+1 607 277 8000 x318 tel