Sybase IQ Analytics Server Creates Competitive Advantage for Top Financial Services Firms |
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Sybase, Inc.
6475 Christie Ave.
Emeryville, CA, 94608
USA
Press release date: August 8, 2007
Sybase IQ High-Speed Performance, Scalability Increase Business Value of Advanced Analytics
LAS VEGAS, Aug. 8 - SYBASE TECHWAVE 2007 CONFERENCE - Sybase, Inc. (NYSE:SY), a leading provider of enterprise infrastructure and mobile software, today announced that Sybase® IQ, the choice of nearly 200 of the world's leading financial institutions, is experiencing explosive growth in the critical financial services market segment. With 2003-2006 compounded annual growth of 31 percent for Sybase IQ license revenue in the financial services sector, Sybase, already noted for providing solutions to the leading global banks and securities firms, extends its already impressive position in this vital market. A highly optimized analytics server, Sybase IQ enables its customers to enhance customer service, satisfaction and revenue potential by supporting massive amounts of data, maintaining the highest levels of data security and performing lightning-quick ad hoc queries.
The following financial services customers are among the leaders who have chosen Sybase IQ as their solution for advanced analytics, data aggregation, information lifecycle management and reporting services: Bank of Montreal, Barclays Global Investors, BNP Paribas Securities, Citadel Investment Group, Chohung Bank, Citigroup, Credit Suisse Securities, Dun and Bradstreet, First National Bank of South Africa, Fortis Bank, IXIS Bank, JeonBuk Bank, KGI Asia, LoanPerformance, Masterlink Securities, Morgan Stanley Spain, Neos Banca, New York Stock Exchange, Nomura Securities, PermataBank, Redecard, Samsung Life Insurance and Yapi Kredi Bank.
Financial services companies use the Sybase IQ high performance analytic server for competitive differentiation, delivering faster analytics services to their customers, as well as for advanced analytics applications such as risk analysis and market data analysis.
"When I first measured Sybase IQ's performance, the numbers were so different from our baseline measurements that I had to go back and verify my test cases," said Tom Lu, database administrator, Barclays Global Investors. "Query times improved an average of 800 percent and there was a 16-1 reduction in daily data load times."
"With Sybase IQ our users have been surprised to obtain responses in real time," said Pierre-Alexandre Pautrat, IT department manager, IXIS Bank. "Our users are able to obtain quicker responses to ad hoc queries using Sybase IQ than they received from preformatted requests in the previous system."
The Sybase IQ analytics server allows users to aggregate immense stores of data -- often from large numbers of widely distributed users -- and accelerate analytics processing up to 100 times faster than traditional solutions. With Sybase IQ's unmatched performance and scalability, financial services providers can quickly collect and analyze their data anytime, anywhere.
"Citigroup needed a completely new approach to archiving as the approaches that were commonly used such as paper-based archiving, database excerpts, and sequential files on tapes, were no longer adequate," said Szafran Athey, vice president, CitiTech Frankfurt. "The decisive factor is that Sybase IQ has the same application interface as a relational database, even though it stores the data completely differently."
The Sybase IQ analytics server is an open system supporting standard hardware and operating systems -- meaning that financial services companies are not required to invest in non-standard proprietary solutions for analytics -- making operational efficiencies and return-on-investment easier to achieve.
"This data warehouse platform enables us to enhance the competitiveness of our customer service," said Lin Donghe, deputy general manager at Masterlink Securities. "It has also helped us establish a successful supplementary [mobile] information network for our sales staff, which has reduced the adverse effect that staff mobility previously had on sales revenue."
"The Sybase IQ analytics server combines extraordinary speed and agility with low total cost of ownership, enabling financial services companies to perform analytics that were previously unachievable or cost-prohibitive," said Kathleen Schaub, vice president of the Information Products Group at Sybase. "We are happy to provide financial service firms the tools to access their information anytime, anywhere, to achieve further success."
Additional information on the Sybase IQ analytics server is available at: http://www.sybase.com/sybaseiq.
About Sybase, Inc.
Sybase is the largest global enterprise software company exclusively focused on managing and mobilizing information from the data center to the point of action. Sybase provides open, cross-platform solutions that securely deliver information anytime, anywhere, enabling customers and partners to create an information edge. The world's most critical data in commerce, communications, finance, government and healthcare runs on Sybase. For more information, visit the Sybase Web site: http://www.sybase.com/.
Source: Sybase, Inc.
CONTACT: Crystal Lu of Sybase, Inc., +1-925-236-4245, crystall@sybase.com; or Ruth Busbee, +1-415-618-8739, rbusbee@citigatecunningham.com of Citigate Cunningham for Sybase, Inc.
Web site: http://www.sybase.com/
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