Sybase IQ Analytics Server Increases Reporting Capabilities for LoanPerformance
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Press release date: January 24, 2006
TrueStandings Securities Reports Execute up to One Hundred Times Faster on the Sybase IQ Platform
DUBLIN, Calif., Jan. 24 -- Sybase, Inc. (NYSE:SY), a leading provider of enterprise infrastructure and mobile software, today announced that by using Sybase(R) IQ, an analytics server which provides among the industry's fastest query performance and storage-retrieval functions for reporting on structured or unstructured data, at the core of its new high speed version of TrueStandings Securities, LoanPerformance, a subsidiary of First American Real Estate Solutions and a leader in residential mortgage data and analytics, can run analyses and reports up to one hundred times faster than previous generations.
"It's mission critical for LoanPerformance to be able to offer its clients full access to the mortgage industry's leading mortgage-backed and asset-backed securities databases," said Charles Doucot, vice president, Sales and Global Partner Program at Sybase. "Our goal is to help companies like LoanPerformance achieve a competitive edge by delivering fast, high-performance solutions to their customers on industry standard platforms, and we are pleased to see the giant leap TrueStandings Securities has taken with Sybase IQ at its core."
Sybase IQ is a highly optimized analytics server, designed specifically to deliver ultra-high-speed business intelligence and reporting on standard hardware and operating systems. With the integration of Sybase IQ, which provides among the industry's fastest query performance and storage-retrieval functions for reporting on structured or unstructured data, TrueStandings has achieved unparalleled performance.
LoanPerformance securities data is the core information that aggregators and securitizers use to compete successfully in the marketplace. However, because the volume of data LoanPerformance offers is so incredibly huge -- literally terabytes of information -- producing useful results has typically caused users to have to wait significant periods of time.
"This isn't just a case of a few show-stopping improvements," said Dan Feshbach, chief executive officer of LoanPerformance. "This is an across-the-board upgrade that provides a whole new, entirely different, experience for users -- especially power users."
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/.
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