PolarLake Appoints Software Industry Veteran as Chairman
Published July 3, 2007 / Press Releases
Today PolarLake announces the appointment of Patrick Brazel as Chairman of the Board of Directors of PolarLake.
Mr. Brazel has over 25 years of experience working in the international financial software industry. He has been instrumental in the strategic growth and success of a number of well known financial technology organizations. Prior to joining GoldTier, he was the CEO of Eontec, the market leader in multi-channel retail banking solutions. Mr. Brazel was responsible for Eontec’s rapid growth and success, and ultimately its acquisition by Siebel Systems in 2004. He was a founder and chairman of Sentry Financial Systems, the pre-eminent provider of collateral management software, prior to its acquisition in 2002 by Algorithmics Inc. Well known for his leadership as president of SunGard Capital Markets, Mr. Brazel led that company to become the dominant player in the derivatives trading and risk management systems market. He holds a Masters degree from Trinity College, Dublin and is a trustee of the Dublin City University Educational Trust.
“I am delighted to serve as the chairman of PolarLake”, commented Brazel. “PolarLake has built up a unique capability to manage the complexity of Reference Data Distribution. This is a huge issue for the Securities industry and also for industries such as Government, Insurance and anyone with complex data integration requirements. With PolarLake’s unique product capability, customer base and focus on a very specific problem promises a very bright future.”
“Pat has an excellent track record of success with innovative technology companies and this experience will be invaluable to the company as it continues to grow,” commented John Randles, CEO PolarLake. “Also Pat’s deep understanding and experience in the Securities industry will greatly help our focus on this market segment.”
About PolarLake
PolarLake enables firms to deliver on the full promise of EDM, integrating into downstream systems with 75% less time and 80% less resources than generic ETL products. Its flagship product, PolarLake RDD (Reference Data Distribution) is a domain specific Integration application built to manage to end-to-end process of Reference Data Distribution.
PolarLake RDD provides unique capabilities for Business Operations, Business Analysts and Technology to manage and control Reference Data Distribution. PolarLake has been recognized by Industry Analysts as a leader in its space, named by Aite as the most packaged Reference Data Distribution solution and included in the Gartner visionaries’ quadrant. PolarLake’s clients include Global Sell side, Buy side and Asset Servicing Institutions.
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