Asset Control Addresses Greater Data Management Demands for Risk, Security Master, and Corporate Act

From: GroupWeb EmailWire.Com
Published: Wed Aug 24 2005

New York and London -– Asset Control, a leading provider of centralized data management solutions to the financial industry, today announced the release of AC Server 6.0, the high performance server which is the core of Asset Control’s data management solutions. In answer to increasing market demands, the new server includes significant performance improvements and enhancements resulting from new features such as clustering, more flexibility to create fault-tolerant architectures, 64-bit support, and support of additional platforms. These new features have increased the scalability of Asset Control’s product suite for market and credit risk management, security master and corporate actions solutions.

David Hirschfeld, Asset Control’s Senior VP of Operations, says "We embedded clustering and are utilizing 64-bit technology as a result of direct requests from our existing customers. Our customer’s usage of the AC product suite is quite broad and sophisticated, and they are routinely pushing the technological and functional envelope. These enhancements will provide two major benefits: resiliency for greater reliability and stability of their mission critical infrastructure and dramatic improvements in processing times of their data, allowing the delivery of broader benefits to a wider audience within a firm."

With the addition of clustering in Version 6.0, customers can introduce flexible architectures which avoid single points of failure, further limiting any chance of software or hardware downtime. Now any single Asset Control installation can have an unlimited number of query and update server instances, and these can be divided over the available server hosts in any manner. Any failure during processing is automatically redirected and the transaction resubmitted transparently.

Additional platforms are being supported including Oracle 10g and IBM’s DB2 UDB, while customers who have already implemented on Solaris and HP-UX are able to run in 64-bit mode which allows them to store and process vast amounts of data faster and more efficiently.

About Asset Control
Asset Control offers centralized data management to financial industry firms through a full range of in-house and outsourced options. A choice of developer tools, turnkey software solutions and outsourced services enable users to optimize their investment data for efficiency, cost control, reduced operational risk and increased value from their data.
Derived from the robust and reliable AC Plus modular framework, the Asset Control product set includes data solutions addressing market risk, counterparty credit risk, security master, research and corporate actions, as well as global data networking and administration. Handling data from vendors and in-house systems, these solutions collect, validate, normalize, and consolidate data into cleansed composite "golden copy" sets for business use.

Customers include the LCH.Clearnet, Abbey National, ABN AMRO, Barclays Capital, Bayerische Landesbank , BBVA, Commerzbank, IBM (Dresdner Bank), Harvard Management Company, HSH Nordbank, HypoVereinsbank, Grupo Santander, ING, Robeco Groep, Société Générale, Standard Chartered and Union Investment, as well as a super-major global energy group. Established in 1991, Asset Control is a privately held firm with operations in London, New York and the Netherlands. For more information please visit

Jenny Swift
Tel: 917 210 8064

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