TMCnet News
WealthEngine Leverages Oracle Exadata Database MachineFeb 02, 2011 (Close-Up Media via COMTEX) -- WealthEngine, a provider of wealth identification and information-based fundraising solutions, announced that its purchase and deployment of Oracle Exadata Database Machine enables improved performance, usability and scalability of its wealth intelligence solutions. "Innovation is in our DNA at WealthEngine," said chief executive officer, Tony Glowacki. "We are constantly looking for opportunities to improve our clients' experience by raising the bar, whether in the area of research, data analytics or, in this case, technology. The Oracle Exadata Database Machine represents a significant investment not only in our business but in the future of prospect research and analytics." According to a release, WealthEngine experienced year over year growth of 30 percent from 2007 through 2009, grew 40 percent last year and is forecasted to grow at even a higher rate in 2011. The Company's database has swelled to 2.5 billion records across more than 35 unique data sets and it is now running more than 3 million donor/prospect records per month for its hospital, higher education, nonprofit and commercial clients. At the same time, the fundraising needs of the nonprofit community and the marketing needs of financial services firms and luxury goods & services providers have grown increasingly robust as they all seek more sophisticated and cost effective methodologies to identify and target their best prospects. "When testing the Oracle Exadata Database Machine with our data, the transformational value to our business and to our clients' marketing efforts became abundantly clear," said Silas Matteson, WealthEngine's Senior Vice President of Products & Technology. "The implementation of Oracle Exadata will allow us to deliver superior performance and sophisticated modeling and analysis of large data sets to our rapidly growing customer base." ((Comments on this story may be sent to [email protected])) |