Renaissance Capital Appoints TIBCO to Turn Big Data Into Big Opportunity
LONDON, Feb 15, 2013 (MARKETWIRE via COMTEX) --
TIBCO Software Inc. (NASDAQ: TIBX) has completed the first stage of
a major project to help Renaissance Capital, the leading investment
bank focused on emerging markets, unlock the potential within big
data. The project is set to enable the bank and its clients to make
faster, better-informed and more profitable decisions.
This latest investment in TIBCO is allowing the company to mine vast
amounts of real-time digital market information alongside
transactional and traditional data sources. Renaissance Capital is
already witnessing a significant improvement in the speed with which
it can access and act on business data and a subsequent increase in
the number of daily trades.
The next phase of the project will further improve the bank's
reporting capabilities. The new platform will give Renaissance
Capital the capability to provide 'self-service' analytics tools and
instruments and better visualization for live and historic data for
its clients rather than generic, daily reports showing their
portfolio performance. The investment is the latest in a long line of
projects that TIBCO has undertaken for Renaissance Capital. The
successful relationship stretches back to 2006 when TIBCO was
selected to integrate the banks' disparate business IT systems.
This latest investment was made after a thorough market place review.
TIBCO was chosen due to the strength of its big data expertise and
products and its proven track record with Renaissance Capital. TIBCO
will underpin the project with TIBCO ActiveSpaces(R) -- TIBCO's
in-memory data grid technology and the TIBCO Spotfire(R) analytics
Adam Mitchell, CIO at Renaissance Capital, said: "Selecting TIBCO was
made easy for us as it natively understands the needs of banking
clients and underpins that with a great team and an innovative, broad
product set. We are already seeing an improvement in the way in which
we can turn copious amounts of data into business opportunities. Our
clients will soon have the ability to see great development in
creation of the analytics they need, from the data they want and in
the time frame they require."
Mark Darbyshire, CTO of Europe for TIBCO Software Inc., said: "It's
always an honor to be re-appointed by a client, and this is no
He added: "We have long since held a successful working relationship
with Renaissance Capital and there is a genuine feeling of teamwork
when we work together. This latest project makes use of all the great
integration work that we have been doing over the past six years. By
enabling them to analyze vast amounts of live and historic data
across multiple internal and external sources they can make fast,
TIBCO Software Inc. (NASDAQ: TIBX) is a provider of
infrastructure software for companies to use on-premise or as part of
cloud computing environments. Whether it's optimising claims,
processing trades, cross-selling products based on real-time customer
behaviour, or averting a crisis before it happens, TIBCO provides
companies the two-second advantage(TM) -- the ability to capture the
right information at the right time and act on it pre-emptively for a
competitive advantage. More than 4,000 customers worldwide rely on
TIBCO to manage information, decisions, processes and applications in
real time. Learn more at www.tibco.com.
TIBCO, two-second advantage, ActiveSpaces, Spotfire, and TIBCO
Software are trademarks or registered trademarks of TIBCO Software
Inc. in the United States and/or other countries. All other product
and company names and marks mentioned in this document are the
property of their respective owners and are mentioned for
identification purposes only.
About Renaissance Capital (www.rencap.com)
Renaissance Capital is a
leading emerging markets investment bank with operations in Russia,
the CIS, Central and Eastern Europe, Central Asia and Africa. The
Firm also offers its clients access to these markets through such
financial centers as London and New York. Renaissance Capital has
market-leading positions in each of its core businesses -- M&A,
equity and debt capital markets, securities sales and trading,
research, and derivatives. The Firm is building market-leading
practices across emerging markets globally in metals & mining, oil &
gas and agriculture.
TIBCO Software, Inc.
Amy E. Groden-Morrison
Director, Global Product PR
SOURCE: TIBCO Software Inc.
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