NAG and Informix create 'Way Fast' solution for quick, accurate financial analysisThe Numerical Algorithms Group (NAG), the world's leading provider of mathematical and statistical software, and Informix® Corporation (NASDAQ: IFMX), the technology leader in software infrastructure for the i.Economy, announce a strategic alliance by releasing the Informix NAG Financial Datablade® module. The product has been tailored to address the needs of the financial services industry where reliable, accurate analysis tools are critical for sustained profitability. "Companies can save time and money by using quality NAG functions instead of developing their own analytics," said Dr. Brian Ford OBE, Managing Director of NAG. "When dealing with large amounts of data, this process can be speeded up greatly by taking the analytics to the data, which is precisely what the Informix NAG Financial Datablade does. With Informix Internet Foundation.2000's™ exceptional technology for handling time-series data, our clients get the benefit of high performance solutions." "Informix continues to work with industry-leading companies to bring relevant solutions to market. This alliance represents a major step forward for companies concerned with effective data capture and analysis. There is no other product out there today that can provide the level of flexibility and functionality that we are offering," commented Steve Weick, senior vice president and group executive, Informix. "The Foundation.2000 NAG solution resolves some of the most complex problems encountered by those doing in-depth data analysis." The new Datablade module will include 50 of NAG's vector and matrix mathematical functions required for the accurate analysis of high volumes of data. This Datablade module can also be used with the Informix Time Series Datablade module to facilitate the building of more complex integrated statistical systems. Informix Internet Foundation.2000 scales to track any amount of information, with the speed, accuracy and reliability of the NAG software. Financial institutions can also implement risk and fund management by working with Informix partners, such as Market Information Services. (www.marketinfoserv.com). © 2000 Informix Corporation. All rights reserved. The following are trademarks of Informix Corporation or its affiliates, one or more of which may be registered in the U.S. or other jurisdictions: Informix®, Datablade® and Informix Internet Foundation.2000™. All other trademarks are property of their respective owners. NAG is the registered trademark of the Numerical Algorithms Group Ltd.
About The Numerical Algorithms Group (NAG) New York and London based specialist provider of solutions to risk managers and quantitative analysts in investment banks and other trading institutions and to fund managers. For more information, contact www.marketinfoserv.com. About InformixInformix Software is the technology leader in software infrastructure and solutions for the Internet. Informix brings a focused set of products and services that integrate e-business and business intelligence on an Internet infrastructure. The Company's highly scalable database engines, in addition to its business intelligence, content management and e-commerce solutions, enable customers to succeed in the new economy. For more information, contact the nearest sales office or visit the Web site at www.informix.com. Katie Carstairs |
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