Netezza and Infoglide Software Provide Retailers with Advanced Fraud Detection Solution; Alliance Addresses Billion Dollar Retail Problem.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Please replace the release with the following corrected version due to multiple revisions. The corrected release reads: NETEZZA AND INFOGLIDE SOFTWARE PROVIDE RETAILERS WITH ADVANCED FRAUD DETECTION SOLUTION; ALLIANCE ADDRESSES BILLION DOLLAR RETAIL PROBLEM Netezza Corporation and Infoglide Software today announced that they have formed an alliance to offer retailers advanced fraud detection solutions. By leveraging the Netezza Performance Server The Netezza Performance Server is a network attached computer appliance currently sold by Netezza. As an appliance, it includes an embedded copy of Linux, a customized version of the open source PostgreSQL relational database, built-in storage, and an embedded processor (R) (NPS NPS National Park Service NPS Naval Postgraduate School NPS Net Promoter Score (customer management) NPS Non-Point Source pollution NPS Native Plant Society NPS Norfolk Public Schools (Virginia) (R)) system along with Infoglide's Bladeworks(R), retailers can quickly perform comprehensive, complex analysis on large volumes of data and detect fraud, minimizing losses resulting from inventory shrinkage, employee theft and administrative error. The breakthrough price/performance and ease of use of the NPS system enable retailers to conduct faster more thorough analysis of detailed, transactional data, resulting in a deeper understanding of their customers and business. By leveraging technologies from Netezza and Infoglide, retailers can now take fraud analysis one step further by rapidly uncovering hidden relationships between customers, employees, vendors and the transactions they conduct. "A recent survey found that a combination of employee theft, shoplifting Ask a Lawyer Question Country: United States of America State: Florida caught shoplifting at sears 12/05/05, first time, 20yearsold, have no criminal record. , vendor fraud and administrative error cost United States retailers over $31 billion.(1) The performance of the NPS system combined with Infoglide's advanced fraud detection capabilities allows retail organizations to deploy a highly effective fraud management solution that delivers significant ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). and quick payback," said Tony Allen, vice president and business unit manager, Infoglide. "Leading retailers are leveraging our technologies together today, and we continue to see a growing interest in enhanced fraud detection solutions within the retail sector." "As retailers deal with exploding data volumes, they are turning to Netezza and companies like Infoglide to extract business value from their data," said Andy Winans, vice president of Retail & CPG CPG central pattern generators. at Netezza. "The combined offering of the NPS system with Infoglide's Bladeworks enterprise software offers retailers faster, more complex data analysis and enhanced fraud detection at the lowest total cost of ownership." About Infoglide Software Corporation Infoglide Software Corporation (www.infoglidesoftware.com) is the leader in the emerging transactional business intelligence market. Infoglide Software provides a new generation of enterprise software that enables organizations to apply business intelligence in an operational environment by integrating real-time transactional data with remote and disparate historical data to achieve true enterprise intelligence. The company's enterprise software, Bladeworks(TM), enables more accurate and informed decisions; streamlines operational processes; increases efficiencies and reduces operational costs; transforms data in real-time into useful and useable information; improves customer service and customer interaction; and drives more profitable relationships with customers. Bladeworks is used in business-critical applications including returns management, employee background checks, risk assessment, fraud detection, data mining, alias identification, market analysis, and customer identification. Current markets include retail, financial services, information services See Information Systems. , transportation, e-business, insurance, government, and CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. . Incorporated in 1996, Infoglide Software is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Austin, Texas. About Netezza Corporation Netezza is the market-leading provider of enterprise-class data warehouse appliances that deliver breakthrough performance and ease-of-use at a fraction of the cost of traditional data warehouses. The Netezza Performance Server system enables Fortune 1000 customers with terabytes of dynamic, detailed data to dramatically simplify even the most complex Business Intelligence (BI) initiatives. By architecturally integrating database, server and storage within a single appliance, the NPS system delivers 10 to 50 times the performance at half the cost of existing systems. Customers who have recognized the performance benefits of Netezza's approach include Ahold USA, Amazon.com, Cingular Wireless, CNET (body) CNET - Centre national d'Etudes des Telecommunications. The French national telecommunications research centre at Lannion. Networks, Epsilon, Orange UK, Premier, Inc., Shoppers Drug Mart For the Washington, DC area grocery chain, see . Shoppers Drug Mart Corporation TSX: SC is Canada's largest pharmacy chain with more than 1000 stores operating under the names Shoppers Drug Mart across 9 provinces and 2 territories and Pharmaprix in Quebec. Corporation, The Carphone Warehouse and The TJX Companies. Based in Framingham, Mass., Netezza has offices in Washington, DC, the United Kingdom and Asia Pacific. The Company is backed by leading venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , including Matrix Partners, Charles River Ventures, Battery Ventures, Orange Ventures, Sequoia Capital and Meritech Capital Partners. For more information about Netezza, please visit www.netezza.com. (1) National Retail Security Survey, 2002 |
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