PolarLake joins EDM Council
Published October 22, 2008 / Press Releases
PolarLake has today announced that it has joined the EDM council, the not-for-profit business forum for financial institutions concerned with Enterprise Data Management.
Commenting on PolarLake joining the EDM Council, John Randles, CEO PolarLake said, “We have seen the EDM market mature in the last couple of years where firms are no longer happy to concentrate on the collection and cleansing of Reference Data, but want to delivery real ROI by integrating that data into multiple downstream systems. That is why this is a great time for PolarLake to join the EDM Council. The EDM Council has done a great job in leading the conversation on ROI from EDM investments and the current focus on integration as a key enabler. The EDM Council will help us understand first hand the concerns of the industry and contribute to the solution.”
Mike Atkin, Managing Director EDM Council welcoming PolarLake to the EDM council added, “We are delighted to welcome Polarlake as a member of the EDM Council. Their participation couldn’t be timed better. The importance of data management is fully recognized around the industry and many firms have made substantial progress on the ‘clean and consolidate’ objective. Almost all find themselves now standing at the precipice of integration into core applications and across the transactions process. Data integration is Polarlake’s expertise and where the value from the data investment realized.”
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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