Kognitio said the several-million-pound investment will save the client many times that value over the multi-year arrangement.
Bracknell, UK (PRWEB) November 26, 2012
Kognitio, driving the convergence of Big Data, in-memory analytics and cloud computing, announced today that one of the largest retail financial services firms in the UK has endorsed the continuation and expansion of its database services offering to manage their most important customer data.
The transaction not only marks the continuation of a long-standing agreement, but also a significant financial win for Kognitio and confirmation of the company’s expertise in business intelligence and data analytics. Kognitio said the several-million-pound investment will save the client many times that value over the multi-year arrangement.
“The client relies on Kognitio to understand their continually evolving business challenges and to develop solutions that helped them maintain their leadership position in the marketplace,” said Steve Millard, Kognitio president and chief executive officer. “Large retail financial services firms especially need to focus their internal energies on unique differentiation to gain competitive advantage. Our client’s decision to choose Kognitio demonstrates their confidence in our proven ability to help them stay ahead, through better understanding of their customers—better enabling them to retain and cross-sell profitable services.”
The Kognitio Analytical Platform gives companies of all sizes significant advantages to gain better business insight through the use of in-memory analytics. The flexible software is linearly scalable and easy to use and administer. Kognitio Cloud incorporates all of those features in an implementation model that can be immediately provisioned on the Amazon Web Services Marketplace or a private cloud environment, while slashing both capital expenditures and operating costs.
Kognitio is driving the convergence of Big Data, in-memory analytics and cloud computing. Having delivered the first in-memory analytical platform in 1989, it was designed from the ground up to provide the highest amount of scalable compute power to allow rapid execution of complex analytical queries without the administrative overhead of manipulating data. Kognitio software runs on industry-standard x86 servers, or as an appliance, or in Kognitio Cloud, a ready-to-use analytical platform. Kognitio Cloud is a secure, private or public cloud Platform-as-a-Service (PaaS), leveraging the cloud computing model to make the Kognitio Analytical Platform available on a subscription basis. Clients span industries, including market research, consumer packaged goods, retail, telecommunications, financial services, insurance, gaming, media and utilities.
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