BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT
Pico | December 07, 2022
Pico, a leading provider of mission-critical technology services, software, data and analytics for the financial markets community, has expanded the reach and visibility of industry leading Corvil Analytics into the cloud with the launch of Corvil Cloud Analytics.
Pico’s Corvil Analytics has a 20-plus year legacy across financial services in extracting and correlating technology and transaction performance intelligence from global dynamic network environments. Corvil’s high throughput, lossless, granularly time-stamped data capture provides an incredibly rich data source that can be used for broader analytics and use cases, including trade analytics. Corvil is available across multiple environments including colocation and on-prem, and now those same attributes that make Corvil Analytics an industry leader are available in the cloud with Corvil Cloud Analytics.
“As companies look to move real-time applications to the cloud, they struggle with visibility when utilizing existing cloud monitoring solutions. “There is a need for deeper visibility to fill those voids, and Corvil Cloud Analytics is the solution, providing market-leading analytics for applications running in the cloud. Corvil Cloud Analytics provides our clients with the real-time analytics required to migrate their most critical workloads to the cloud, with confidence.”
Stacie Swanstrom, Chief Product Officer at Pico
Highlights of Corvil Cloud Analytics include:
Maximum Visibility: Measures every order, every market data tick and every packet to fill the missing gap of visibility needed to manage real-time performance in public cloud environments
Granular Instrumentation: Provides per-packet and per-application message analytics alongside Corvil’s AppAgent to instrument internal application performance
Corvil Analytics: Provides all functions of Corvil Analytics including network congestion analytics for public cloud infrastructure, and per-hop trading and market data analytics for cloud-hosted deployments
Flexibility: Pay for only what is needed in the public cloud
Corvil Analytics is currently used by the world’s largest banks, exchanges, electronic market makers, quantitative hedge funds, data service providers and brokers. With the launch of Corvil Cloud Analytics, and as exchanges partner with the major cloud providers to bring trading into the cloud, Corvil can now provide a single pane of glass for monitoring colocation, on-prem and cloud environments together.
“We had the vision to provide clients the same technology, visibility and rich analytics they’ve come to rely on through Corvil,” Swanstrom said. “Since Corvil Cloud Analytics is software only, this accelerates our deployments and also provides an expedited avenue for proof-of-concept use cases. It’s now easier than ever for clients to access the platform so they can see firsthand what makes Corvil an industry leader in data analytics.”
Corvil Cloud Analytics provides the highly granular, real-time Corvil visibility required to understand the cause of variable performance that continues to impact real-time applications running in the public cloud. With cloud applications, there is no hardware CapEx costs, lead times, or shipping and installation challenges. Corvil Cloud Analytics is simple to scale, easy to deploy and can be up and running in hours instead of weeks. Corvil’s industry leading visibility and intelligence is now available for businesses wanting the competitive edge in the cloud.
Pico is a leading provider of technology services for the financial markets community. Pico provides a best-in-class portfolio of innovative, transparent, low-latency markets solutions coupled with an agile and expert service delivery model. Instant access to financial markets is provided via PicoNet™, a globally comprehensive network platform instrumented natively with Corvil to generate analytics and telemetry. Clients choose Pico when they want the freedom to move fast and create an operational edge in the fast-paced world of financial markets.
BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT
Clarivate | December 06, 2022
Clarivate Plc, a global leader in providing trusted information and insights to accelerate the pace of innovation, today announced the inclusion of linked specialty pharmacy claims data within real world data solutions. The new U.S. dataset will expand the real world data and analytics offerings from Clarivate. Researchers can access an in-depth view of high-cost medications and valuable insights into the patient's treatment journey in chronic, complex and rare diseases, such as rheumatoid arthritis (e.g., Humira, Enbrel), inflammatory conditions (e.g., Dupixent, Otezla), and cancer (e.g., Xgeva, Xeloda).
Specialty drugs cover at least 20% of the market for chronic, complex and rare diseases. However, conventional claims data warehouses rarely include these high-cost medications, which limits the research potential of numerous diseases. Specialty pharmacy data enables life sciences professionals to:
Track specialty drug uptake and understand market dynamics (market and launch analytics)
Build brand-level patient profiles (brand analytics, patient journey)
Measure non/adherence and switching patterns (persistency and adherence analysis)
Target and appropriately engage prescribers and providers (commercial targeting)
Researchers can leverage this real-world dataset to make evidence-based decisions -- developing successful strategies, optimizing commercial resources, and defining the right activities and messaging to improve patient outcomes.
"Clarivate is committed to supporting customers across the drug, device and diagnostic lifecycle with timely, fit-for-purpose real world data solutions. The addition of integrated, high-capture specialty pharmacy data to the Clarivate portfolio further expands the set of questions that can be answered in the data by reducing fragmentation and bias and providing a more holistic view of the patient."
Matt McKinley, VP, Head of Real World Data & Analytics
The specialty pharmacy data covers over 500 specialty drugs spanning diverse therapeutic areas. The data enables a holistic analysis of complex clinical profiles reducing the need for additional data mapping or processing. The unique data and insights are updated weekly, allowing users to track changes in clinical pathways, product uptake and market dynamics.
Clarivate™ is a global leader in providing solutions to accelerate the pace of innovation. Our bold mission is to help customers solve some of the world's most complex problems by providing actionable information and insights that reduce the time from new ideas to life-changing inventions in the areas of Academia & Government, Life Sciences & Healthcare, Professional Services and Consumer Goods, Manufacturing & technology. We help customers discover, protect and commercialize their inventions using our trusted subscription and technology-based solutions coupled with deep domain expertise.
BIG DATA MANAGEMENT, BUSINESS STRATEGY, DATA SCIENCE
WNS | December 19, 2022
WNS Limited, a leading provider of global Business Process Management (BPM) solutions, today announced it has acquired The Smart Cube, a leader in platform-driven research and analytics (R&A) focused on procurement and supply chain, and OptiBuy, a leading European provider of procurement platform consulting and implementation solutions. These assets are complementary to WNS’ existing offerings and strengthen the company’s capabilities in both high-end procurement and advanced analytics.
The Smart Cube
Founded in 2003 and headquartered in London, UK, The Smart Cube provides digitally-led market intelligence and analytics solutions. The company’s offerings span four key areas including procurement and supply chain, commercial sales and marketing, digital and analytics, and strategy and investment research. The Smart Cube leverages their proprietary digital AI knowledge management platform called “Amplifi Pro” to help clients drive improved procurement and market intelligence and insight-based decision making. They also bring strong front-end advisory capabilities and a large European footprint to the WNS portfolio. The company has over 800 global employees including a seasoned leadership team with CXO-level relationships, and more than 600 talented R&A specialists with approximately 2/3 holding a Master’s degree. The acquisition of The Smart Cube was completed today. Consideration for the transaction is $125.0 million including up-front payment and expected earn-outs, and excludes adjustments for cash, debt, and working capital. Based on The Smart Cube’s revenue generated in calendar 2022, the acquisition is expected to add approximately $9 million to WNS’ net revenue in fiscal 2023, and to be dilutive by $0.01 to WNS’ fiscal 2023 adjusted diluted earnings per share.
"The Smart Cube is proud to become part of WNS, an industry leader in global Business Process Management. Both of our firms share a common philosophy of partnering and growing with clients, and believe our businesses continue to have huge growth opportunities ahead. “Over the last 20 years, we have built a strong business based on delivering value for our clients leveraging our unique AI+HI (artificial intelligence + human intelligence) methodology. We are delighted to now join WNS in the next phase of our growth journey.”
Gautam Singh, Founder and CEO of The Smart Cube
Founded in 2010 and headquartered in Warsaw, Poland, OptiBuy is a leading European provider of procurement platform consulting and implementation solutions. The company helps clients leverage the capabilities of leading 3rd party procurement and supply chain platforms including Ivalua, Jaggaer, and O9, and complements WNS’ existing offerings with platforms such as Coupa and Ariba. In addition, OptiBuy also provides consulting, optimization, outsourcing, and training services to their clients. Currently focused on the EMEA market, the company has approximately 90 employees including more than 40 senior-level certified platform implementation professionals based in Poland. WNS views expansion of these capabilities into the North American market as a significant opportunity. The acquisition of OptiBuy was completed on December 14, 2022. Consideration for the transaction is €30.0 million including up-front payment and expected earn-outs, and excludes adjustments for cash, debt, and working capital. Based on OptiBuy’s revenue generated in calendar 2022, the acquisition is expected to add approximately $2 million to WNS’ net revenue* in fiscal 2023, and to be neutral to WNS’ fiscal 2023 adjusted diluted earnings per share.
“On behalf of the entire team at OptiBuy, we are excited to become part of WNS and believe that the combination of our two firms will enable the creation of differentiated, end-to-end digital procurement and supply chain solutions for the global marketplace,” said Mateusz Borowiecki, Managing Director of OptiBuy. “We look forward to building on the capabilities we have created over the past 12 years and working with the WNS team as we help clients leverage digital technologies to drive long-term business value.”
WNS has funded the up-front payments for these acquisitions with a combination of cash on hand and £83 million of long-term debt.
“Both of these companies possess unique, digitally-led/human intelligence capabilities which are complementary to WNS’ existing procurement and analytics offerings, and are also complementary with each other. The Smart Cube and OptiBuy bring experienced leadership teams, highly specialized resources, and differentiated technology offerings to the WNS portfolio. These companies also have blue-chip customer bases with extensive cross-selling opportunities, and proven track records of delivering strong top line growth, healthy margins, and high levels of customer satisfaction. We believe that The Smart Cube and OptiBuy will significantly enhance our WNS-Denali (procurement) and WNS-Triange (analytics) solutions, and help accelerate our positioning and growth in these strategic areas. On behalf of myself and the entire WNS team, we are excited to welcome the talented teams of The Smart Cube and OptiBuy to the WNS family,” said Keshav R. Murugesh, WNS’ Chief Executive Officer.
WNS Limited is a leading Business Process Management (BPM) company. WNS combines deep industry knowledge with technology, analytics, and process expertise to co-create innovative, digitally led transformational solutions with over 400 clients across various industries. WNS delivers an entire spectrum of BPM solutions including industry-specific offerings, customer experience services, finance and accounting, human resources, procurement, and research and analytics to re-imagine the digital future of businesses. As of September 30, 2022, WNS had 57,503 professionals across 60 delivery centers worldwide including facilities in Canada, China, Costa Rica, India, the Philippines, Poland, Romania, South Africa, Spain, Sri Lanka, Turkey, the United Kingdom, and the United States.
BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT
Alation | November 29, 2022
Alation Inc., the leader in enterprise data intelligence, today announced the launch of Alation Connected Sheets, a new product stemming from the company’s acquisition of Kloud.io. Alation Connected Sheets enables business users to pull trusted, governed, and up-to-date data from data sources into spreadsheets, including Google Sheets and Microsoft Excel1, via Alation Data Catalog.
Spreadsheets are foundational for business decision-making across every industry. According to IDC2, there are 78 million advanced spreadsheet users worldwide. While both static in nature and disconnected from data sources, spreadsheets remain the preferred tool for business users; however, 90% contain errors. Data within spreadsheets is often copied-and-pasted from one spreadsheet to another or downloaded into CSV files via untraceable data sources. Without the proper management and effective data governance of spreadsheets, organizations suffer from significant productivity losses and expose themselves to increased risk because critical business decisions are based on inaccurate and ungoverned data.
Alation Connected Sheets solves this problem by meeting business users where they are: spreadsheets, including Google Sheets and Microsoft Excel. Now, business users across the enterprise can easily find, understand, and use trusted data from spreadsheets with confidence. Alation Connected Sheets increases business user productivity by enabling them to find, filter, import, and refresh data without having to learn a new tool or querying language. Alation Connected Sheets is available immediately as an add-on in Google Sheets, and for Microsoft Excel in early 2023.
Key benefits of Alation Connected Sheets:
Brings trust and governance to spreadsheets: By integrating with Alation Data Catalog, unique governance features such as TrustFlags signal if data is endorsed, warned, or deprecated, helping users pull in the best and most appropriate data, directly from the source.
Effortless setup, use, and maintenance: With a simple user interface and easy-to-use filters, data can be imported and automatically refreshed without relying on technical resources like data engineers or analysts.
Risk mitigation: By leveraging existing security credentials, only authorized users can pull in and use live, compliant, and trustworthy data in a spreadsheet.
“As it stands, business spreadsheets are often created using copy/paste functions or downloading static data that doesn’t sync with source data,” said David Menninger, SVP & Research Director, Ventana Research. “It's one of the most pervasive data governance challenges organizations face that significantly deteriorates productivity at scale. Without a traceable data lineage, multiple iterations of the same project are created using different formulas, data sources, and deprecated or low-quality data. Alation Connected Sheets helps solve this problem. Now, spreadsheet users can quickly retrieve governed data from a single source with confidence in the data they’re using – all natively within the spreadsheet.”
“Harnessing the power of an organization’s data to drive fast, accurate business decisions is challenging for any employee,” said Raj Gossain, Chief Product Officer, Alation. “Business users routinely rely on the simplicity, power, and ubiquity of spreadsheets to do their jobs. But the data that powers spreadsheets is typically copied from other sheets or downloaded into CSV files, creating real risk for every business. Alation Connected Sheets combines the power of trusted, governed data with the ease of use of the spreadsheet. Now spreadsheets can be a trusted enterprise data asset instead of an invisible liability, empowering every business user with the best data the enterprise has to offer.”
“Alation Connected Sheets will allow us to work natively in a familiar spreadsheet environment while connecting to the catalog and enabling spreadsheet governance. “Now, we can manage the countless spreadsheets we rely on to make critical business decisions, govern our spreadsheets, and limit regulatory compliance risk of exposing private information. Alation Connected Sheets will make our advanced spreadsheet users more productive because they can self-serve trusted data without being blocked by limited data engineering resources. Data teams will now be able to focus on complex analyses that drive the business forward; time otherwise spent pulling and verifying fresh data or tracing lineage.”
Sara Cook, Director of Data Science and CMC Statistics, Novavax
As the result of Alation’s second acquisition, Kloud.io CEO and co-founder Krishna Bhat and CTO and co-founder Sathish Raju have joined the company.
“We created this technology to make it easy for anyone in an enterprise to pull data from other sources into a spreadsheet, without needing the deep technical understanding of underlying databases or data lakes,” said Krishna Bhat, Senior Director of Product Management, Alation.
“Alation Connected Sheets is the result of a synergy between the technology that connects spreadsheets to source applications and Alation’s market-leading data intelligence platform,” said Sathish Raju, Senior Director of Engineering, Alation.
Alation is the leader in enterprise data intelligence solutions, including data search & discovery, data governance, data stewardship, analytics, and digital transformation. Alation’s initial offering dominates the data catalog market. Thanks to its powerful Behavioral Analysis Engine, inbuilt collaboration capabilities, and open interfaces, Alation combines machine learning with human insight to successfully tackle even the most demanding challenges in data and metadata management. Nearly 450 enterprises drive data culture, improve decision-making, and realize business outcomes with Alation, including AbbVie, Allianz Global Investors, American Family Insurance, Autozone, Cisco, Draft Kings, Exelon, Fifth Third Bank, Finnair, General Mills, Munich Re, NASDAQ, Parexel, Pfizer, Salesforce, Virgin Australia, and Vistaprint. Headquartered in Silicon Valley, Alation has been named to Inc. Magazine’s Best Workplaces list three times, is a 2022 UK’s Best Workplaces™ for Women, and recognized as a 2022 UK’s Best Workplaces™ in Tech. The company is backed by leading venture capitalists, including Blackstone, Costanoa, Databricks Ventures, Data Collective, Dell Technologies Capital, Hewlett Packard Enterprise, Icon, ISAI Cap, Riverwood Capital, Salesforce Ventures, Sanabil Investments, Sapphire, Snowflake Ventures, Thoma Bravo, and Union Grove.