iCreate and Actian Deliver Superior Analytics for Global Banking Industry

REDWOOD CITY, Calif. – March 13, 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.”

About iCreate and Biz$core
iCreate is a 'BI for Banking' specialist headquartered in Bangalore, India, with an established presence in Africa, Asia-Pacific, Middle East and Europe. Biz$core - iCreate's unique, integrated BI, Analytics and Performance Management solution, that integrates with standard banking systems, ensure banks have a fully functional BI solution running in as little as 100 days, at the lowest TCO and with advanced solutions in areas such as Retail Banking, Corporate Banking, Analytics 360, etc. iCreate is a winner of several premier industry recognitions including the Red Herring Asia 100, Deloitte Technology Fast 500 Asia and the NASSCOM Emerge 50; an endorsement of its unique ‘Banking-specific BI’ proposition.www.icreate.in | www.bizscorebi.com

About Actian: Incite Action
Actian Corporation (formerly Ingres Corp.) is the first to unveil a cloud development platform for building Action Apps. Action Apps are lightweight consumer-style applications that automate business actions triggered by real-time changes in data. Actian products incite action at more than 10,000 customers worldwide by driving their mission critical workloads and providing rapid action insights to their data. Actian is headquartered in Redwood City, California with offices in New York, London, Paris, Frankfurt, Amsterdam, and Melbourne. Stay connected with Actian Corporation on Facebook and Twitter.

Actian Corporation
500 Arguello Street
Redwood City, CA 94063
(650) 587-5500

This release was published on openPR.