S+FinMetrics 3.0 is a significant expansion in functionality over the previous version
Seattle, WA (PRWEB) September 26, 2007
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, announced today the immediate availability of S+FinMetrics® 3.0 for S-PLUS® 8.0, the latest release of Insightful's software library for advanced financial data analysis.
S+FinMetrics 3.0 provides quantitative analysts and developers with a comprehensive set of financial analytics. Included in the library are vital additions and enhanced features including:
- State-space models and Kalman filter tools
- High frequency functionality
- Option pricing
- Fixed Income calculations
"S+FinMetrics 3.0 is a significant expansion in functionality over the previous version," said Dr. Eric Zivot, Professor and Gary Waterman Distinguished Scholar in the Economics Department and an Adjunct Professor of Finance in the Business School at the University of Washington. "The specific state space modeling tools for credit risk and option pricing and fixed income pricing functions have greatly enhanced the module, making it a better and more comprehensive collection than ever before."
S+FinMetrics 3.0 combined with S-PLUS 8.0 provides a modeling environment that allows quantitative analysts to explore scenarios and determine results faster. Graphical reporting enables results to be communicated clearly across all audience types. Faster results and clearer communications can assist companies in developing better financial products and responding to changes in the marketplace quickly, in order to maximize profit while minimizing risk.
"The release of S+FinMetrics 3.0 is a breakthrough in providing scalable commercial deployment for the latest and most advanced econometric models," said Jeff Coombs, president and CEO of Insightful. "We are committed to bringing our customers competitive advantage in the financial markets through the deployment of advanced analytics across the enterprise."
Insightful Corporation (NASDAQ:IFUL) is a provider of predictive analytics and reporting solutions. Insightful products S-PLUS®, Insightful Miner™ and S-PLUS® Server allow companies to perform sophisticated statistical data analysis and data mining and create high-quality graphical reporting. Insightful has been delivering industry-leading, high-ROI solutions to thousands of companies in financial services, life sciences, biotechnology, telecommunications, and manufacturing, plus government and research institutions, for 20 years. Headquartered in Seattle, Insightful has offices in New York, North Carolina, France, Switzerland, and the United Kingdom, with distributors around the world. For more information, visit http://www.insightful.com , call 1-800-569-0123.
Note to Investors - Forward Looking Statements
This press release contains forward-looking statements, including statements about the potential performance and advantages of our new product release and the potential value of our new product release to customers. Forward-looking statements are based on the judgment and opinions of management at the time the statements are made. Inaccurate assumptions and known and unknown risks and uncertainties can affect the accuracy of forward-looking statements. Actual results could differ materially from those expressed or implied by the forward-looking statements for a number of reasons, including, without limitation, the risk that our new product release does not perform as designed and expected and the risk that this product release does not achieve market acceptance. More detailed information regarding these and other factors that could affect actual results is set forth in our filings with the Securities and Exchange Commission, including our most recent report on Form 10-QSB. You should not unduly rely on these forward-looking statements, which apply only as of the date of this release. We undertake no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of anticipated events.
For Insightful Corporation