PolarLake sign Global Tier 1 Investment Bank deal
Published September 16, 2009 / Press Releases
PolarLake today announced they have signed a deal with a Global Tier 1 Investment Bank to use PolarLake RDD (Reference Data Distribution) product as part of a global Reference Data program, to distribute SSI, Counterparty, Security Master and Corporate Actions Reference Data across the firm.
“The client recognises the importance and complexity involved in distributing Reference Data within a global organisation. The choice to use specialised domain specific Reference Data Distribution technology like PolarLake over ETL or EAI will mean they can now manage their Reference Data Distribution in a very controlled manner”, John Randles, CEO PolarLake commented, “This is a very significant deal in the industry with the clear recognition that Reference Data Distribution is a key component to any EDM / data centralization strategy. We also believe that the differentiators between a specialist product like PolarLake and the generic ETL/EAI technology for Reference Data Distribution are clear. These differentiated features include Reference Data specific Business Analyst support, Business Operations support, pre built industry standard interfaces and fast data streaming for batch and request reply processing.”
The main reasons the PolarLake proposition was selected were:
Domain specific product and pre-built industry interfaces resulting in faster time to market
- Domain specific consultants experienced in complex reference data integration projects
- The company’s proven track record delivering to large global projects
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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