Netezza And Patni Partner To Deliver High Performance Data Solutions To Financial Services Industry
Marlborough, MA — Netezza Corporation (NYSE: NZ), the global leader in data warehouse and analytic appliances, and Patni Computer Systems (BSE: PATNI COMPUT, NSE: PATNI, NYSE:PTI), a leading global IT and business process outsourcing (BPO) services provider, today announced that they will partner to develop solutions for the financial services industry built upon Netezza’s data warehouse platform and designed with Patni’s extensive industry expertise.
Patni and Netezza will offer a series of solutions designed to address the data challenges facing large financial institutions today while providing the scalability necessary to meet future requirements. Paired with the high-performance Netezza platform, Patni’s suite of solutions will target financial institutions looking to improve data analysis and management within their operations. The companies expect that the first solution will be offered this summer.
“Netezza is the benchmark when it comes to throughput speed, data reconciliation, data analysis and data warehouse platform management,” said Sumedh Methta, SVP and head of Patni’s Financial Services Business Unit. “Increased regulatory pressures coupled with a continually changing business landscape causes financial services organizations to face growing amounts of data. Patni and Netezza will deliver new solutions that will address the data management concerns for customers and enable them to focus on cost efficiencies, customer service and increasing revenue.”
“Data management continues to be a critical challenge for financial services organizations worldwide,” said Steve Williams, vice president Sales, Financial Services at Netezza. “The industry will benefit from Netezza’s partnership with Patni, which offers higher-performance, lower-cost solutions that can be implemented quickly and cost effectively.”
About Netezza Corporation (NYSE: NZ)
Netezza (NYSE: NZ) is the global leader in data warehouse and analytic 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 family of 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, Debenhams, Department of Veterans Affairs, eHarmony, Epsilon, iBasis, 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, DC, the United Kingdom and the Asia Pacific region. For more information about Netezza, please visit www.netezza.com.
Patni Computer Systems Limited (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI) is a global provider of IT Services and business solutions, servicing Global 2000 clients. Patni services its clients through its industry-focused practices, including banking, financial services (BFS) and insurance (I); manufacturing, retail and distribution (MRD); life sciences; communications, media and utilities (CMU), and its technology-focused practices.
With an employee strength of over 14,500; multiple global delivery centers spread across 12 cities worldwide; 27 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US$ 719 million for the year 2008.
Patni’s service offerings include application development and maintenance, enterprise application solutions, business and technology consulting, product engineering services, infrastructure management services, customer interaction services & business process outsourcing, quality assurance and engineering services.
Committed to quality, Patni adds value to its clients’ businesses through well-established and structured methodologies, tools and techniques. Patni is an ISO 9001: 2000 certified and SEI-CMMI Level 5 (V 1.2) organization, assessed enterprise wide at P-CMM Level 3. In keeping with its focus on continuous process improvements, Patni adopts Six Sigma practices as an integral part of its quality and process frameworks.
Patni leverages its vast experience spanning three decades; deep domain expertise; full-spectrum services; and suites of IP-led solutions, methodologies and frameworks; in being an effective business transformation partner to its clients.
For more information on Patni, visit www.patni.com.
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