“The Sybase IQ analytics server combines speed and agility with low total cost of ownership, enabling financial services companies to perform analytics that were previously unachievable or cost-prohibitive,” said Kathleen Schaub, vice president of the Information Products Group at Sybase. “We are happy to provide financial service firms the tools to access their information anytime, anywhere, to achieve further success.”

Sybase, Inc., has announced that Sybase IQ is experiencing explosive growth in the critical financial services market segment. With 2003-2006 compounded annual growth of 31 percent for Sybase IQ license revenue in the financial services sector, Sybase, already noted for providing solutions to the leading global banks and securities firms, extends its position in this vital market. An optimized analytics server, Sybase IQ enables its customers to enhance customer service, satisfaction, and revenue potential by supporting massive amounts of data, maintaining the highest levels of data security and performing lightning-quick ad hoc queries.

Financial services companies use the Sybase IQ high-performance analytic server for competitive differentiation, delivering faster analytics services to their customers, as well as for advanced analytics applications such as risk analysis and market data analysis.

“When I first measured Sybase IQ’s performance, the numbers were so different from our baseline measurements that I had to go back and verify my test cases,” said Tom Lu, database administrator, Barclays Global Investors. “Query times improved an average of 800 percent and there was a 16-1 reduction in daily data load times.”