PolarLake sign leading Asset Management firm deal
Published November 9, 2009 / Press Releases
PolarLake today announced they have signed a deal with one of the world’s leading Asset Management firms to use the PolarLake RDD (Reference Data Distribution) product as part of their strategic Enterprise Data Management (EDM) programme. PolarLake will enable the firm, headquartered in the US with Global Operations, to distribute instrument, issuer, pricing, ratings, ts&cs, SSIs and corporate actions data across all asset classes in batch and real time to over 30 downstream systems initially.
“The client recognised that an EDM project without a specialized end to end distribution system simply cannot deliver on the promise of Reference Data centralization”, John Randles, CEO PolarLake commented, “The key for this client was PolarLake enabled the breakdown of the barriers between business and IT. Our capabilities to import and automatically execute data mappings, data usage and security data policies provided by the business in Excel format was something they just could not find with incumbent ETL / EAI approaches. In our pilot 95% of the requirements were executed directly from excel. This ends years of frustration in communicating requirements from those that know the meaning of the data best of all but was lost in documenting, coding and line drawing in traditional integration technologies. These features, together with our out of the box industry interfaces and domain specific operations capabilities made the PolarLake proposition very compelling. ”
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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