HOUSTON, TX -- 06/16/08 --
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 are 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.
VISUAL NUMERICS MEDIA CONTACT:
Rebekah Mitchell
415.933.6253
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