Insightful Corporation Announces Financial Services Enterprise Deployment Win
25 Mars 2008 - 2:00PM
Business Wire
Insightful Corporation (NASDAQ:IFUL), a leading provider of
predictive analytics and reporting solutions, announced today that
a fund of hedge funds in Europe, managing assets worth billions of
dollars, has chosen the S-PLUS� enterprise platform for deployment
of proprietary and mission-critical analytic models originally
prototyped in R, the free open-source dialect of Insightful�s S
language. The fund made a significant investment in S-PLUS
licenses, including S-PLUS Enterprise Developer, S-PLUS Enterprise
Server and S+FinMetrics�. The fund adopted S-PLUS primarily to gain
robust and scalable server-based technology not available in R. The
fund of funds monitors and analyzes hedge funds, investing in those
funds that meet the performance criteria measured using complex
models. For example, models are used to determine whether a
particular fund�s high returns were due to chance or due to
superior fund management. In addition to using the S-PLUS platform
internally to create and deploy analytic models, the fund of funds
plans to use it in marketing efforts. The benefits of migrating to
Insightful�s S-PLUS platform include: A robust and scalable server
architecture and database connectivity Reliable server-class
software that is easy to manage in a production environment A
commercially supported and well-tested predictive analytics
platform, guided by specialist consultants experienced in
optimizing code performance Scalability in both the range of
financial�modeling and the use of more powerful hardware Commercial
support and maintenance �We believe that this engagement is
representative of a broad market opportunity for analytic reporting
and server deployment to large data sets and increasing numbers of
analytic users,� said Jeff Coombs, president and CEO of Insightful.
�Companies currently using R or S-PLUS for prototyping analytic
models are increasingly looking for an enterprise-scale analytic
modeling and reporting platform, such as S-PLUS, for enterprise
deployment.� S-PLUS Enterprise: Commercial support for cutting-edge
statistics The S programming language, originally developed at Bell
Labs (later Lucent Technologies), is a de facto standard among
statisticians for the development of predictive analytic models.
Insightful owns the copyright to the software code underlying the S
language. Insightful�s mission is to bring the predictive analytics
benefits of the S language to increasing numbers of users across
commercial organizations, through enterprise server and analytic
reporting deployments of predictive analytics. The S-PLUS
Enterprise platform provides extensive value-add capabilities on
top of the base S language: Enhanced Development Environment for
Streamlining Development of Statistical Applications: S-PLUS 8
includes the S-PLUS Workbench, an integrated development
environment designed to manage larger projects and enable
development teams to create rigorous applications faster than ever
before. Interactive Graphics: S-PLUS 8 provides an interactive
graphics system with a large and normalized palette for the
creation of statistical charts to exact specifications. Customized,
Automated Reports: An XML reporting library speeds development of
customized reports incorporating statistical tables and
publication-quality graphics. Enterprise-wide Access to Analytics:
Once created on the desktop, applications can be seamlessly
deployed onto the S-PLUS Enterprise Server to deliver results and
reports across an enterprise, within existing applications or
specialized web-based portals. Built with an open architecture
meeting modern IT standards, the S-PLUS 8 Enterprise Server
provides an easy-to-deploy and cost-effective platform for advanced
analytics, with a fully documented Services Oriented Architecture.
Scalable, Secure and Robust Production: Using out-of-memory
processing, not available in R, and providing support for load
balancing across server clusters, S-PLUS 8 Enterprise Server will
scale to handle large data sets. S-PLUS 8 Enterprise Server also
supports single sign-on/pass-through authentication. Utilize the
Latest in Statistics Research: With the S-PLUS package system, new
in S-PLUS 8, users can convert R packages for use within the
commercially supported environment of S-PLUS. Insightful in
Financial Services Insightful brings 20 years of experience in
advanced analytics, aiding financial service organizations in
effectively maximizing profit and minimizing risk. Insightful
products and solutions help banking, insurance and investment
organizations address the ever-changing risk and investment
management challenges unique to each industry. Insightful products
and solutions help financial service organizations drive
utilization of risk management and analytics through rapid
predictive model development and deployment; make accurate and
timely decisions based on advanced analytics; and realize
significant benefits related to risk capital and improvements in
risk-adjusted measures of performance. ABOUT INSIGHTFUL Insightful
Corporation (NASDAQ:IFUL) is a leading provider of predictive
analytics and reporting solutions. Insightful products S-PLUS�,
Insightful Miner� and S-PLUS� Enterprise Server allow companies to
perform sophisticated statistical data analysis and data mining and
create high-quality graphics and reports. Insightful has been
delivering industry-leading, high-ROI solutions to thousands of
companies in financial services, life sciences, telecommunications,
and manufacturing, plus government and research institutions, for
20 years. Headquartered in Seattle, Insightful has offices in New
York, North Carolina, Switzerland, the United Kingdom, France and
Hong Kong, with distributors around the world. For more
information, visit www.insightful.com, email info@insightful.com or
call 1-800-569-0123. Note to Investors � Forward-Looking Statements
This press release contains forward-looking statements, including
but not limited to statements about the potential performance and
advantages of our products and solutions and the potential value of
our products and solutions to customers. Forward-looking statements
are based on the judgment and opinions of management at the time
the statements are made. These statements are not guarantees of
future performance, and inaccurate assumptions and known and
unknown risks and uncertainties can affect their accuracy. These
statements are not guarantees of future performance, and inaccurate
assumptions and known and unknown risks and uncertainties can
affect their accuracy. Actual results could differ materially from
those expressed or implied by the forward-looking statements for a
number of reasons, including, without limitation, the risk that our
products and solutions do not perform as designed and expected.
More detailed information regarding these and other factors that
could affect actual results is set forth in our filings with the
Securities and Exchange Commission, including our most recent
report on Form 10-QSB. You should not unduly rely on these
forward-looking statements, which apply only as of the date of this
release. We undertake no obligation to update publicly any
forward-looking statements to reflect new information, events or
circumstances after the date of this release or to reflect the
occurrence of anticipated events.
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