Inter-American Development Bank Selects Ascential Software to Power Enterprise Data Warehouse
February 01 2005 - 8:30AM
PR Newswire (US)
Inter-American Development Bank Selects Ascential Software to Power
Enterprise Data Warehouse Investment in Ascential DataStage(TM)
Helps Improve Business Performance and Reduce Time to Deployment
WESTBORO, Mass., Feb. 1 /PRNewswire-FirstCall/ -- Ascential
Software Corporation (NASDAQ:ASCL), the enterprise data integration
leader, today announced that the Inter-American Development Bank
(IDB), the main source of multilateral financing for economic,
social and institutional development in Latin America and the
Caribbean, has selected Ascential DataStage (TM) to populate and
maintain its enhanced enterprise data warehouse. Ascential
DataStage enables the IDB to access, transform and integrate large
volumes of operational, analytical and transactional business data
for improved asset and risk management, while at the same time
eliminating costly, time-consuming hand-coding. The IDB provides
Latin American and Caribbean member countries with financing and
technical assistance to achieve environmentally sustainable
economic growth, increase competitiveness, enhance social equity
and fight poverty, modernize the state and foster free trade and
regional integration. With the data integration solution from
Ascential Software, the IDB will benefit from improved speed,
accuracy and completeness of information collected on its portfolio
of loans and investments, which extends across 26 Latin American
and Caribbean countries. Ascential DataStage will increase the
reliability and timeliness of the IDB's enterprise data warehouse.
"International banks experience many industry-specific challenges
when it comes to managing customer and operational data," said
Thracy Varvoglis, executive director of industry solutions at
Ascential Software. "Ascential DataStage gives the IDB an improved
view of its data." Ascential DataStage, a core component of
Ascential Enterprise Integration Suite(TM), enables companies to
tightly integrate enterprise information, regardless of the
sources, targets and timeframes. Whether an organization is
building an enterprise data warehouse to support the information
needs of the entire company, building a "real-time" data warehouse,
or integrating dozens of source systems to support strategic
business systems such as CRM, SCM, ERP, BI/analytics, and
e-business, Ascential DataStage helps ensure the success of
enterprise data integration initiatives. About Inter-American
Development Bank As the leading source of multilateral financing
for Latin America and the Caribbean, the Washington, DC-based IDB
supports economic and social development in the region. Its 46
member countries include the United States, the single largest
shareholder. About Ascential Software Ascential Software
Corporation (NASDAQ:ASCL) is the leader in enterprise data
integration. Customers and partners worldwide use the Ascential
Enterprise Integration Suite(TM) to confidently transform data into
accurate, reliable and complete business information to improve
operational performance and decision-making across every critical
business dimension. Our comprehensive end-to-end solutions provide
on demand data integration complemented by our professional
services, industry expertise, and methodologies. Ascential Software
is headquartered in Westboro, Mass., and has more than 3,000
customers and partners globally across such industries as financial
services and banking, insurance, healthcare, retail, manufacturing,
consumer packaged goods, telecommunications and government. For
more information call 1-800-966-9875 (508-366.3888 if calling from
outside the US or Canada) or visit the Ascential Software website
at http://www.ascential.com/. Media and industry analysts, contact
Chas Kielt, director of media and analyst relations, at
1-508-599-7256 or . Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995: This release contains
forward-looking statements based on current expectations or
beliefs, as well as a number of assumptions about future events,
and these statements are subject to important factors and
uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. The
forward-looking statements in this release address a variety of
subjects including, for example, the functionality,
characteristics, quality and performance capabilities of Ascential
Software's products and technology; results achievable and benefits
attainable through deployment of Ascential Software's products and
provision of services; and improvements in operational performance
and decision-making. The following factors, among others, could
cause actual results to differ materially from those described in
these forward-looking statements: the ability of the company to
expand its market share; growth rates for the enterprise data
integration software market; general business conditions in the
software industry, the technology sector, and in the domestic and
international economies; rapid technological change in the markets
served by the company; dependence on international operations;
global and geopolitical instability; compliance costs associated
with regulations to which the company is subject, including the
Sarbanes-Oxley Act of 2002, and the impact of such regulations; and
difficulties that the company may experience integrating
technologies, operations and personnel of completed or future
acquisitions. For a detailed discussion of these and other
cautionary statements, please refer to the filings made by
Ascential Software with the Securities and Exchange Commission,
including, without limitation, the most recent Quarterly Report on
Form 10-Q. Ascential Software disclaims any intent or obligation to
update any forward-looking statements made herein to reflect any
change in Ascential Software's expectations with regard thereto or
any change in events, conditions, or circumstances on which such
statements are based. Ascential Software is not responsible for
statements attributed to third parties within this release or in
any materials referenced herein. Partnerships described herein
shall be deemed to be strategic alliances only, and shall not imply
the power of either partner to bind the other partner or to incur
obligations on behalf of the other partner. Ascential, Ascential
DataStage and Ascential Enterprise Integration Suite are trademarks
of Ascential Software Corporation or its affiliates and may be
registered in the United States or other jurisdictions. Other marks
are the property of the owners of those marks. DATASOURCE:
Ascential Software Corporation CONTACT: Chas Kielt of Ascential
Software Corporation, +1-508-599-7256, ; or Mary Keith of Porter
Novelli, +1-617-897-8281, Web Site: http://www.ascential.com/
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