CHICAGO, IL (PRWEB) March 8, 2007
Compact Solutions, innovator of high-performance solutions to industry's toughest data management problems, today announced it is organizing its services around vertical industries. The first of its Industry Practices has been created to serve financial services companies worldwide. To lead this group, the company has selected noted expert, Charles Leinbach. Mr. Leinbach will be Compact Solutions' Practice Director for Financial Services.
"Our goals are to help our financial services customers succeed in their large-scale data management initiatives, whether processing large transaction volumes, addressing data quality, or the analysis and storage of large datasets," said Pankaj Agrawal, Compact Solutions' chief executive officer and CTO. "Charles will play an integral role in the implementation of the processes and internal systems we have developed that are specific to the issues encountered by our financial services customers."
Why Industry Practices?
Organizing around vertical industries developed naturally from the evolution of the company's solutions. Compact Solutions began as an enterprise information integration (EII) solution provider, specialized in Ab Initio technology. EII offers the potential for large corporations to use the massive amounts of data usually residing in disparate "silos" of information throughout the enterprise. It is an important platform for businesses that need real-time access to data across disparate enterprise systems and multiple business units, to inform decision-making and develop winning strategy.
Every industry has specific business and technology characteristics that make its information requirements different from the next. These characteristics and requirements can be described by industry patterns, which can be addressed with sets of industry-specific best practices. Through many years of experience, Compact Solutions has developed industry-tailored, pattern-based, best practices in enterprise information integration. Compact has further combined its best practices with its high-performance technology to create rapidly deployable, field-tested solutions that solve industries' biggest data problems and manage massive amounts of data for real-time decision support.
"The technology solutions Compact has developed for financial services customers leverage key technologies such as compression, parallel processing, metadata management and real-time system architectures. The business cases around these solutions are very compelling," said Charles Leinbach. "Reduced data storage needs, reduced processing windows, more flexible data environments, and faster access to detail data for users and customers generate rapid return on these solutions. I'm excited about the opportunity to deliver these solutions to more financial services customers in a faster, more consistent way than is available elsewhere."
About Charles Leinbach
At Compact Solutions, Charles will manage and grow the company's first vertical practice in Financial Services. This is an industry where Charles has a wealth of experience. Charles brings consulting, management and business development expertise to his new role, and is an experienced business process architect who has assisted scores of companies drive business results through rapid new product development and the application of integrated technology and business processes. Prior to joining Compact, Charles was a senior technical consultant with Ab Initio Software Corporation. Prior to Ab Initio, Charles served as COO at Freshwater Partners, a technology consulting firm based in Andover, MA. Earlier, he was part of the founding team of C-bridge, where he helped to grow the company to 1000 employees worldwide, and $84mm in revenue in less than five years. During his tenure with consulting firms such as DMR and Monitor Company, he managed teams and delivered large-scale solutions to companies in the areas of business strategy simulation, business intelligence, marketing, CRM, operational controls, and financial systems. Throughout his career Charles has consulted to companies such as Allmerica, Allstate, Britannia Building Society, Fannie Mae, Frost Bank, JPMorganChase and South Carolina Bank; as well as Global Fortune 1000 customers in other industries. In addition to consulting, Charles lectures widely on the topics including new product development, addressing business problems with technology, and high performance technologies.
About Compact Solutions
Compact Solutions, LLC engineers and implements high-performance Enterprise Information Integration solutions designed to manage and integrate massive amounts of information to solve industries' toughest data problems. The company's finely honed expertise has yielded a streamlined approach that delivers solutions in unprecedented time frames, contains client costs and yields rapid, sustainable Return on Information. Compact specializes in Ab Initio-based data management solutions, allowing the company to develop deep skills in all aspects of Ab Initio technology, and earning it the trust and confidence of clients and the Ab Initio team alike. Headquartered in Chicago, the company maintains offices in New Jersey, Boston, London and Krakow. Compact Solutions' clients include some of the world's largest corporations in Manufacturing, Retail, Telecommunications and Financial Services. Further information is available by visiting http://www.compactsolutionsllc.com.
(c) 2007 Compact Solutions, LLC. All rights reserved. Compact Solutions is a trademark of Compact Solutions, LLC. All other trademarks are the property of their respective owners.