SAN MATEO, Calif. and Morristown, NJ — July 10, 2012 — Composite Software, the data virtualization performance leader, and Armanta, Inc., provider of an integrated business intelligence and analytics platform, announced today a partnership to deliver end-to-end enterprise risk management solutions to the financial services industry. The Armanta/Composite Risk Management Solution TM, available immediately, allows risk managers to further improve risk management analysis by enabling access to up-to-the-minute information from disparate systems so they can react more quickly and intelligently to unexpected market changes.
Armanta and Composite are currently teaming at several financial services firms in New York and Toronto.
Armanta’s Integrated Business Intelligence Platform lets business users view and analyze enterprise data in real-time. The platform is an integrated technology suite comprised of a rich user interface for reporting, analytics and visualization, a grid-based massively parallel in-memory engine, and a data virtualization and integration layer. The Composite Data Virtualization Platform provides a more agile, lower cost data integration approach that overcomes data complexity and disparate silos to provide the complete, high quality and actionable information that agile businesses require.
“True enterprise risk management requires proactive analysis on a descriptive data model that enables risk managers to ask an iterative continuum of questions and see results interactively in seconds, not hours, days or weeks. The ability to achieve this can’t be accomplished with static data and pre-defined reports,” said Chirlian. “Our partnership with Composite will extend our data integration capabilities to provide risk managers with dynamic access to all data so they can succeed in ever-changing market conditions.”
Added Composite Software CEO Jim Green, “The recent global financial crisis had exposed the critical need for better enterprise level risk management. Armanta’s risk management expertise and analytic engine are unparalleled in the financial services industry,” Green said. “The Armanta/Composite Risk Management Solution helps enable advanced computations and scenario analysis that today’s financial services firms require.”
Composite’s data virtualization suite combined with Armanta’s enterprise risk management platform improves analysis for risk managers by providing:
– An end-to-end view of data that enables proactive analysis by delivering complete data management, complex calculation, scenario analysis, and final results publication capabilities.
– “What if” scenario analysis and sandbox features which allow hypotheses to be tested in a safe environment without impacting others.
– Rich visualization with the ability to define report formats – tables, graphs, etc., within a dashboard, using a flexible drag-and-drop paradigm. Down-stream results are automatically updated and displayed.
– “Anywhere, anytime” data accessibility that delivers accurate and consistent risk management and analysis across all asset classes.
About Composite Software, Inc.
Composite Software, Inc. is the data virtualization performance leader. Backed by a decade of pioneering R&D, Composite Software is the data virtualization gold standard at 10 of the top 20 banks, six of the top 10 pharmaceutical companies, four of the top five energy firms, major communications providers and the world’s largest IT organization, the US Army. These and hundreds of other global organizations rely on Composite to fulfill their ever-changing information requirements with greater agility and lower costs. Composite Software is privately held, with corporate headquarters in San Mateo, CA. To contact Composite, please call (650) 227-8200, visit us on the Web at http://www.compositesw.com, or follow us on twitter http://twitter.com/compositesw.
About Armanta, Inc.
Enterprises around the world rely on Armanta’s Integrated Business Intelligence Platform to enable their overall end-to-end analytic processes. Analytics-driven organizations can now fully leverage the entire scope of both on-premise and cloud-based data in order to instantly visualize complex analyses, evaluate all scenarios, and then act decisively. Armanta brings live information and analytics of any scale directly to the fingertips of business users so they can “See the Big Picture™”. Armanta focuses on next generation analytics in data-intensive industries such as: financial services, insurance, retail, utilities, media and communications, health sciences, manufacturing, and government. For more information about Armanta, call +1-973-326-9600 (in the US toll-free 866-320-6039) or visit the company’s website at www.armanta.com or follow us on twitter http://twitter.com/armantainc.
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