iCreate and Actian To Deliver Superior Analytics for Global Banking Industry

Redwood City, CA - 13 March 2012

Actian Corporation today announced it has signed a partnership agreement with Banking BI specialist iCreate software, to jointly deliver superior analytical capability to the global banking industry.

This agreement marks the amalgamation of synergies of the two leaders; iCreate with its acclaimed Banking BI product - Biz$core; and Actian with its revolutionary analytics database platform - Vectorwise. As a result of this partnership, banks globally can expect remarkably faster delivery of business-critical BI and Analytics at a remarkably lower TCO.

“This partnership heralds a new benchmark for a next generation decision support solution for global banks.” Said Vivek Subramanyam, CEO of iCreate. “Moreover, it is a manifestation of our shared vision to provide banks worldwide with a superior BI and Analytics capability with advanced data analytics prowess. The exponential strength of the new blended offering is indeed very promising.”

For Biz$core, iCreate selected the world’s fastest analytical engine Vectorwise, that could be offered as an option over conventional databases, for faster implementation roll-outs, better management of growing data volumes and providing greater ROI to banks.

“In this era of growing data volumes, users expect to access their data interactively”, said Fred Gallagher, General Manager for the Vectorwise business unit. “We are excited that iCreate have chosen Vectorwise to help strengthen the Biz$core platform to provide faster and deeper analytics on large data.”

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