Actuate And Netezza Develop Specialized Financial Services Appliances
Netezza and Actuate Deliver Rich Analytic Appliances to Financial Services Companies
Netezza 2008 User Conference, Orlando, Fla. — Netezza (NYSE Arca: NZ), the data warehouse appliance leader, and Actuate Corporation (NASDAQ: ACTU), the leader in delivering Rich Internet Applications Without Limits™, today announced that the two companies have completed a reseller agreement to develop and deliver financial services-specific appliances. These appliances are complete with Rich Internet Application (RIA) and visualization capabilities that leverage Web 2.0 capabilities to provide information-rich, dynamic content. Customers will be able to deploy the new appliances quickly and cost-effectively for applications geared toward banking and other financial services.
The new solution appliances combine Netezza’s industry-leading data warehouse appliances with the advanced information delivery and analytics capabilities of Actuate’s BIRT-based products and open, scalable RIA-ready information platform. The initial set of applications will include appliances for credit card services, wealth management, corporate banking and branch management.
“Actuate and Netezza have forged a relationship that will allow Actuate applications to be integrated into Netezza appliances to unleash the full power of Rich Internet Applications for financial services companies,” said Jim Baum, president and chief operating officer, Netezza. “We see Actuate as a pioneer in delivering rich dynamic content inside and outside the firewall, and we anticipate that our combined offering will create significant new deployment opportunities to new and existing financial services customers.”
Actuate is the only provider of comprehensive deployment support for BIRT (the Eclipse Foundation’s Business Intelligence and Reporting Tools project) which is fast becoming the most popular open source BI technology. Initially, Actuate’s applications will be embedded in the Netezza Performance Server® (NPS®) 5200 system, which is a half-rack version of the enterprise-class NPS family of data warehouse appliances and is designed to handle terascale analyses of data, cost-effectively and in office-area environments. A roadmap for additional Actuate and Netezza implementations is in place for future and expanded deployments.
“We believe there is a significant opportunity for high-performance industry-specific appliances as these solutions have the ability to address the very specific challenges of the respective markets,” said Nobby Akiha, senior vice president of marketing, Actuate Corporation. “Netezza’s industry-leading offerings and experience in the appliance market, combined with Actuate’s skill in developing and deploying financial service applications, provide the foundation for building these powerful and targeted solutions.”
About Actuate Corporation
Actuate Corporation is dedicated to increasing the richness, interactivity and effectiveness of enterprise data, for everyone, everywhere. Actuate delivers the next generation RIA-ready information platform for both customer and employee-facing applications. The Actuate platform boasts unmatched scalability, high-performance, reliability and security. Its proven RIA capabilities and highly collaborative development architecture are backed by the world’s largest open source information application developer community, grounded in BIRT, the Eclipse Foundation’s only top level Business Intelligence and reporting project.
Global 9000 organizations use Actuate to roll out RIA-enabled customer loyalty and Performance Management applications that improve customer satisfaction and employee productivity. The company has over 4,200 customers globally in a diverse range of business areas including financial services and the public sector, many of which have a long history of deploying Actuate-based solutions for dozens, or even hundreds of their mission-critical applications.
Founded in 1993, Actuate has headquarters in San Mateo, California, with offices worldwide. Actuate is listed on NASDAQ under the symbol ACTU. For more information on Actuate, visit the company’s web site at www.actuate.com.
About Netezza Corporation
Netezza (NYSE Arca: NZ) is the global leader in data warehouse appliances that dramatically simplify high-performance analytics for business users across the extended enterprise, delivering significant competitive and operational advantage in today’s information-intensive marketplaces. The Netezza Performance Server® (NPS®) family of streaming analytic™ appliances brings appliance simplicity to a broad range of complex data warehouse and analytic challenges. Customers who have realized the benefits of Netezza appliances include Ahold, Amazon.com, CNET Networks, Debenhams, Department of Veterans Affairs, Epsilon, Nationwide, Neiman Marcus, Orange UK, Premier, Inc., Ross Stores, Ryder System, Inc., The Carphone Warehouse and Virgin Media. Based in Marlborough, Mass., Netezza has offices in Washington, D.C., the United Kingdom and Asia Pacific. For more information about Netezza, please visit www.netezza.com.
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Netezza, Netezza Performance Server, NPS, Netezza Spatial and streaming analytic are trademarks of Netezza Corporation. Actuate and the Actuate logo are registered trademarks of Actuate Corporation and/or its affiliates in the U.S. and certain other countries. All other brands, names or trademarks mentioned may be trademarks of their respective owners.
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