Coral8 Wins Financial-i 2008 Leaders in Innovation Award

10 December 2008

Coral8, Inc., a leading provider of Complex Event Processing (CEP) software and Continuous Intelligence™ solutions, today announced that Coral8 has won a Financial-i 2008 Leaders in Innovation Award. Coral8 was named the most innovative product for Market Data Analytics based on research from Financial-i’s team of journalists and selection by an expert advisory panel composed of analysts, consultants and market practitioners.

Financial-i magazine recognizes Leaders in Innovation across more than 50 categories in global transaction banking in its third annual end of year awards. The Leaders in Innovation Awards identify global transaction banks and financial hardware and software vendors that have excelled in terms of innovation in business solutions across wholesale transaction banking.

“We humbly accept this award from Financial-i on behalf of the innovative applications Coral8 customers have developed for market data analytics and other solution areas,” said Colin Clark, Executive Vice President of Financial Services, Coral8. “This award is another proof point of the value and innovation Continuous Intelligence™ offers financial services firms and organizations from any industry.”

“Coral8’s selection as most innovative product for Market Data Analytics shows the rapid penetration of CEP for market data analytic generation to drive real-time trading decisions,” said Nancy Atkinson, Financial-i Leaders in Innovation Award advisory panelist and Senior Analyst, Wholesale Banking, Aite Group. “The power and flexibility of CEP and Coral8 enable firms to create innovative trading applications at unprecedented rates.”

Coral8 and Continuous Intelligenceâ„¢
Coral8 takes the guess work out of delivering scalable live analytics applications. The powerful Coral8 Engine and advanced optimizer combine to deliver high throughput even at the complex workloads created by sophisticated analysis of large volumes of live data. Through highly optimized memory management and parallel execution, Coral8 Engine offers large-scale state management and cross-dimensional analysis across tens of millions of master information sets. Finally, Coral8 allows users to filter, aggregate, slice and dice data to suit their own needs.

By using Coral8 to power a broader array of analytic application styles, enterprises can drive increased revenue through faster trading in global marketplaces; optimize risk mitigation through earlier detection and elimination of risky positions or transactions; up-sell customers through timely, personalized offers; improve customer satisfaction and reduce churn via proactive problem resolution; and offer higher degrees of service assurance through optimized product and service delivery.

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