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PolarLake Win Technology Innovation Award
Published on 15 Nov 2011
PolarLake announce that they have been awarded the Technology Innovation Award at the Annual Irish Software Association Awards.
The award acknowledges PolarLakes achievement in producing the world’s first Semantics Based Data Management Platform for Financial Services Firms. The category was the most competitive of the evening with 12 other companies nominated for the award but PolarLake was selected because of its ability to innovatively apply Semantic Web and Big Data Technologies to solve Data Management problems in Financial Services Firms.
Commenting on the award PolarLake CEO John Randles said “The Data Management industry is constantly changing due to increased regulatory requirements and firms having to handle internet style scale and complexity. Financial Services Firms require a modern, high performance and flexible solution capable of handling more feeds, more demands and more consumers than ever before. PolarLake’s unique approach of combining Semantic Web and Big Data Technologies allows firms to tackle challenges that traditional Data Management systems weren’t built to solve.”
PolarLake is a global leader in applying Semantic Web and Big Data Technologies to the Data challenges of the leading Financial Services firms in the world. PolarLake’s Platform enables these firms to acquire, manage and distribute Financial and Reference Data with speed, agility and control never before seen with traditional approaches. PolarLake provide solutions in the areas of:
- PolarLake Price Processing Solution
- PolarLake Security Master Solution
- PolarLake Cost Optimization Solution
- PolarLake Data Distribution Solution
PolarLake has been recognized by Industry Analysts as a leader in Reference Data Distribution and Integration, named by Aite as the most packaged Reference Data Distribution solution and included in the Gartner visionaries’ quadrant.
Financial Services Clients using our products include 6 of the top 10 Investment Banks, 2 of the top 5 Prime Brokers and 2 of the top 10 Asset Managers. Clients have used PolarLake to make in house and commercial Data Repositories easier to distribute and consume data from. Others have used PolarLake in the end to end Data Supply Chain, sourcing, linking, validating and distributing data.**
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