SOURCE: Visual Numerics

June 16, 2008 08:00 ET

Investor Analytics Chooses the JMSL Numerical Libraries From Visual Numerics for Advanced Analytics

Optimization Functions Will Power New Risk Analytics

HOUSTON, TX--(Marketwire - June 16, 2008) - Today, Visual Numerics, Inc., a 37-year producer of advanced numerical analysis and visualization software, announced that Investor Analytics LLC, a leading provider of cutting-edge risk and transparency services to hedge funds and fund of hedge funds, has selected the Visual Numerics, JMSL Library to support their next generation of financial risk analytics.

"We were looking for a numerical toolkit that included optimization and other functions that we could quickly and easily embed into our offering. We also wanted a native Java-based solution to ensure easy integration with our development environment and future growth plans," said Adam Winik, Director of Financial Engineering, Investor Analytics. "The JMSL Library met all our needs."

Through a Software as a Service (SaaS) model, Investor Analytics provides customers with analysis and reporting capabilities which enable them to identify and analyze risks in their portfolios. Their clients range in size from single hedge fund managers with $100 million of assets under management to fund of hedge funds and pension funds managing several billion USD. Functions from the JMSL Library will be added to their platform to give customers additional interactive analytical capabilities.

According to Michael Poisson, Investor Analytics' Chief Sales & Marketing Officer, "The Financial Engineering team at Investor Analytics is impressed with JMSL Library optimization capabilities which we require, and comes with an extensive set of additional mathematical and statistical algorithms. We are also pleased with the pricing and licensing options that made it easy to become their OEM partner."

Andy McClure, director of North American sales, Visual Numerics, said, "Our goal is to make it easy for OEM partners to leverage our technology in their existing development environments. We're pleased that we can deliver the technology and the business terms that companies like Investor Analytics need to add advanced analytics to their product."

About Visual Numerics, Inc.

Visual Numerics has provided technical software solutions for numerical analysis and visualization for more than three decades. The company's software products help users understand complex data from a variety of sources and build business-critical applications. Visual Numerics offers two product lines: the IMSL® Numerical Libraries for powerful mathematical and statistical analysis and the PV-WAVE® visual data analysis development environment. Visual Numerics also offers consulting services for applications that involve mathematical, statistical, or visual data analysis to meet today's business analytical needs.

Major corporations, academic institutions, and research laboratories worldwide use Visual Numerics' software tools, including such high profile companies as: SAP; Teradata; Barclays Global Investors; Humana; Sandia National Laboratories; and Boeing Company. This large and diverse customer base is supported through a direct sales force, wholly owned international subsidiaries, and international distributors. For more information about Visual Numerics, please visit www.vni.com.

About Investor Analytics

Investor Analytics LLC, headquartered in Berkeley Heights, New Jersey with offices in Midtown Manhattan, has been providing portfolio and risk management services to the hedge fund industry since 1999. Investor Analytics employs proprietary methodologies to analyze complex investment portfolios of hedge funds and fund of hedge funds and provides clients with a suite of risk and transparency analyses. Damian Handzy is Chairman and CEO.

Trademark Statement:

Visual Numerics, IMSL and PV-WAVE are registered trademarks of Visual Numerics, Inc. in the U.S. and other countries. JMSL, JWAVE, TS-WAVE and Knowledge in Motion are trademarks of Visual Numerics, Inc.

Contact Information

  • VISUAL NUMERICS MEDIA CONTACT:
    Rebekah Mitchell
    415.933.6253
    Email Contact