SOURCE: Information Builders

Information Builders

November 21, 2013 08:03 ET

Information Builders and Beacon Integrated Data Services Announce Partnership

Partnership Will Provide Financial Customers With Consistent, High-Quality Data Available for Instantaneous Analytics

NEW YORK, NY--(Marketwired - Nov 21, 2013) - Information Builders, an independent leader in business intelligence (BI) and analytics, announced today that it has partnered with Beacon Integrated Data Services (BIDS), a proven Data-as-a-Service (DaaS) solution. The relationship leverages Beacon IDS's DaaS offering to acquire, validate, normalize, and aggregate data from custodians, accounting agents/systems, trading platforms, and reference providers for Information Builders' WebFOCUS BI and analytics platform.

WebFOCUS will deliver advanced visualization and analytical insights to complement Beacon's DaaS, providing comprehensive data quality and operations dashboards. Beacon Integrated Data Services is a fee-based utility, which eliminates the need for asset managers to develop and maintain complex interfaces between their in-house platforms and their external data sources. Beacon IDS and Information Builders' customers can benefit from having quality data ready for instantaneous analytics. Beacon benefits from Information Builders' content expertise in BI and best practices in building dashboards and reports, while Information Builders will leverage Beacon's platform and deep expertise in delivering securities and investment management operations with consistent, quality data.

Information Builders' WebFOCUS platform supports Beacon's precise requirements for an enterprise-class BI tool as a key selling point in the partnership, in addition to the support that Information Builders provides to facilitate the integration.

"The combination of Beacon's DaaS and Information Builders' WebFOCUS will improve the data quality and analytics available for the operational functions of all our financial customers," said Gerald Cohen, president and CEO of Information Builders. "In turn, the intelligent BI capabilities provided by WebFOCUS will exploit Beacon's high-quality/highly available platform that allows customers to readily analyze data in a reliable fashion, resulting in a mutually beneficial partnership that delivers measurable value for both parties and their clientele."

"We are excited about the partnership with Information Builders. Their experience coupled with the richness of the WebFOCUS toolset provides a platform to help grow our business and focus on capabilities that benefit our clients," said Peter Noll, president of Beacon Integrated Data Services. "Their proven toolset will allow us to visualize complex aspects of the data acquisition and aggregation process in ways that will allow our customers to devote their energies to using the data instead of managing the assembly process."

About Beacon Integrated Data Services

Beacon Integrated Data Services (IDS) offers a proven Data-as-a-Service (DaaS) solution. Its service provides asset managers with the ability to eliminate complex and costly point-to-point interfaces with counterparties and in-house systems. Beacon's solution acquires, validates, normalizes, and aggregates the data from an expansive list of sources including custodians, accounting agents/systems, trading platforms, reference providers, and analytic services. It delivers its clients' data into one or many commercially available or custom applications in the format required for immediate consumption.

Beacon's DaaS solution requires no client-side software to install or maintain. It monitors all interfaces 24/7 and will provide full transparency into the status of the data feeds through its Client Portal. On a daily basis, its data stewards review data quality checks to ensure data integrity. As required, Beacon researches and resolves exceptions with providers on a timely basis to ensure its clients' data is fit for its business purpose. To learn more, visit www.beaconids.com

About Information Builders
Information Builders helps organizations transform data into business value. Our software solutions for business intelligence and analytics, integration, and data integrity empower people to make smarter decisions, strengthen customer relationships, and drive growth. Our dedication to customer success is unmatched in the industry. That's why tens of thousands of leading organizations rely on Information Builders to be their trusted partner. Founded in 1975, Information Builders is headquartered in New York, NY, with offices around the world, and remains one of the largest independent, privately held companies in the industry. Visit us at informationbuilders.com, follow us on Twitter at @infobldrs, like us on Facebook, and visit our LinkedIn page.

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