PolarLake RDD recognized by Aite Group as the closest in the market to an “off the shelf” Reference Data Distribution solution
Published October 22, 2007 / Press Releases
PolarLake has been recognized by Aite Group, a leading independent financial services research and advisory firm, 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 organizations.
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 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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