Aite Group recognises PolarLake’s Reference Data Distribution Leadership
Cliff Cunningham, Director Product Marketing, PolarLake
Aite Group, a leading independent financial services research and advisory group, has recognised PolarLake as the closest in the market to an “off the shelf” Reference Data Distribution solution.
PolarLake RDD is the world’s first and only purpose-built Reference Data Distribution business application and has been implemented in sell side and buy side organisations.
Industry analyst estimates spend on Reference Data Distribution will be $2.5bn in 2008 and $3.5bn by 2010.
Commenting on the report, PolarLake CEO John Randles said, “PolarLake is very pleased with the validation of its position by Aite. The report recognizes that financial services organizations are spending vast amounts of money on integration. We believe this is largely due to the fact that people are using the wrong tools for the job. Building Reference Data Distribution with generic EAI tools is so expensive because they are not designed for the complexity of the build problem nor the ongoing maintenance problem. This is why a purpose-built platform like PolarLake RDD can be implemented with 80% less resources and 75% less time to market than traditional EAI tools.”
PolarLake helps companies to distribute data throughout their organization in less time, for less cost and less risk than it would take with traditional SOA / EAI / ETL solutions. PolarLake's industry specific solutions have been delivered with 80% less resources and 75% faster time to market than traditional horizontal solutions. Built on PolarLake's proven patented rule layering technology, PolarLake's industry solutions enable large firms to handle the complexity of operating in today’s interconnected data networks without spending large amounts on coded one off solutions.
Financial Services customers include JPMorgan, Société Générale, Dimensional Fund Advisors, Pioneer Investments, Nissay Dowa, Man Financial and Bank of Ireland Security Services. Government customers include the UK Home Office, UK Crown Prosecution Service, UK Courts Service, UK Youth Justice Board, Warwickshire Police Service, UK Metropolitan Police and the UK Department of Constitutional Affairs. Manufacturing and Telco customers include Sony, Toshiba, Ricoh, KDDI, Midwest Wireless and NTT Group
2010