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Insightful Announces New Versions of S-PLUS Modules for Financial Services: S+FinMetrics 2.0 and S+NuOPT 1.6.

SEATTLE -- Flexible Econometric Software For Analysis, Simulation, Forecasting and Portfolio Optimization Improves Accuracy of Complex, Dynamic Trading Systems

Insightful Corporation (Nasdaq:IFUL), a leading provider of software solutions for analysis of numeric and text data, today announced, concurrently with the announcement of S-PLUS(R) 7, the availability of S+FinMetrics(TM) 2.0 and S+NuOPT 1.6. S+FinMetrics 2.0 delivers state-of-the-art estimation and modeling tools that enable professionals in the financial services industry to predict market trends and execute more profitable trading strategies. S+NuOPT 1.6, a cutting-edge software package for solving very large optimization problems such as portfolio optimization, delivers improved performance and memory management.

Investment banks, financial information providers, exchanges, portfolio managers, and hedge funds all rely on state-of-the-art financial modeling, simulations, and back testing to drive their business and strategically manage their risk. Technological advances have changed the rules for financial analysts who need to analyze portfolios and anticipate enterprise risk using real-time financial transaction data. Volatile markets, tighter margins, Basel II compliance, 24x7 market access and decimalization have created the need to model larger, more complex data sets creating new demand for sophisticated, powerful analytic tools to enable profitable business performance.

"Insightful's S-PLUS 7 Enterprise Developer provides a scalable environment for efficiently analyzing large amounts of data. In the past, we had to break our data sets into pieces and rely on multiple batch files to perform back tests of equity trading strategies on a large stock universe," said Jeff Wang, quantitative research analyst, at Ronin Capital. "Now with the pipeline technology in S-PLUS 7 Enterprise Developer, we are able to read stock quotes and fundamental data into S-PLUS. By using S-PLUS 7 together with S+FinMetrics and S+NuOPT, we have drastically shortened our back-testing process and can now quickly identify better investment processes."

"The combination of S-PLUS 7, S+FinMetrics 2.0 and S+NuOPT 1.6 delivers the flexibility, scalability, and performance required to rapidly prototype predictive models that integrate state-of-the-art estimation techniques into dynamic trading systems quickly," said Jeff Coombs, CEO of Insightful. "With the introduction of S-PLUS Enterprise Developer, developers and analysts will be able to access and analyze very large datasets often associated with risk simulations such as those required for Basel II compliance or complicated hedge fund trading strategies. Analysts are now able to build large predictive models, generate more accurate short-term volatility strategies, and back test large portfolios more efficiently."

S+FinMetrics 2.0

S+FinMetrics 2.0 is advanced, analytic-rich software for modeling, analyzing, and visualizing financial market data. S+FinMetrics delivers better statistical inference and simulation models for more accurate analysis critical for analysts developing dynamic trading systems. The software makes it easier to perform research and analysis to develop more powerful predictive models that can be integrated into competitive trading strategies. Flexible and extensible, S+FinMetrics allows analysts to build new models quickly to meet changing forecast and research demands providing insight when and where needed across the organization. A robust and reliable platform for financial statistical analysis, S+FinMetrics provides decision-makers with the information they need to make decisions with confidence.

S+Finmetrics 2.0 delivers the following cutting-edge econometric, time-series oriented, statistical estimation techniques:

--Generalized Method of Moments (GMM). Rapidly becoming the default estimation method in economics and finance.

--Efficient Method of Moments (EMM). Simulation-based extension of GMM able to accommodate general discrete and continuous-time dynamic systems of equations.

--Simulation of Stochastic Differential Equations. Method used by researchers and quantitative analysts to predict market trends.

--State-space Modeling with Markov Switching. Modeling used by researchers and quantitative research groups to predict market trends and execute trades.

--Modern, Flexible Econometric Analysis. Linear interpolation, cubic spline, and other methods can be used to address data errors created by time series data.

--Time Series Aggregation and Disaggregation. Statistical capabilities to support more predictive analysis.

--Statistical Summary and Test Statistics. Methods used to examine the unique statistical properties of time series data to predict future performance.

S+NuOPT 1.6

S+NuOPT, a cutting-edge software package for solving very large optimization problems, is used for a wide range of applications, including portfolio optimization, nonlinear and robust statistical modeling, and circuit optimization. A powerful combination of statistics and graphics, S+NuOPT, together with S-PLUS 7, delivers a wide range of approaches to large-scale optimization, including:

--Linear programming

--Mixed integer programming

--Quadratic programming

--Unconstrained nonlinear optimization

--Multi-objective programming

S+NuOPT delivers improvements in performance and memory management designed to make S+NuOPT the package of choice for analysts and decision-makers across the financial services industry.


Insightful also announced, today the availability of a new update to S-PLUS, the de facto industry standard software platform for statistical data analysis and predictive analytics. S-PLUS 7 is designed to enable analysis of very large data sets and the rapid development of analytic applications that integrate advanced statistical methods within existing business processes delivering the benefits of advanced analytics to decision-makers across the enterprise. With S-PLUS 7, statisticians, developers, and IT personnel use a new integrated development environment (IDE) on top of the flexible and elegant S programming language to rapidly develop, integrate, and deploy advanced analytic solutions. A new pipeline architecture in S-PLUS 7 is designed to enable the preparation, manipulation, and analysis of very large datasets, thereby enabling companies to solve analytic problems not solvable before. S-PLUS 7 offers rich visualization and reporting capabilities that can be delivered from a back-office server to Web portals to improve information sharing required for effective decision-making.


S+FinMetrics 2.0 and S+NuOPT 1.6 are available for S-PLUS 7. The software is supported on Windows(R), Linux(R), and Solaris(R) platforms. For details, please call 1-800-569-0123 or e-mail or visit Modeling Financial Times Series With S-PLUS, 2nd Edition by Dr. Eric Zivot is included with each copy of S+FinMetrics. Modern Portfolio Optimization with S+NuOPT and S-PLUS by Dr. Bernd Scherer and Dr. Douglas Martin is included with each copy of S+NuOPT.

About Insightful

Insightful Corporation (NASDAQ:IFUL) provides enterprises with scalable data analysis solutions that drive better decisions faster by revealing patterns, trends, and relationships. The company is a leading supplier of software and services for statistical data analysis, data mining, and knowledge access enabling clients to gain intelligence from numeric and text data.

Insightful products include S-PLUS(R), Insightful Miner(TM), S-PLUS(R) Server, and InFact(R). Insightful consulting services provide specialized expertise and proven processes for the design, development, and deployment of customized solutions. The company has been delivering industry-leading, high-ROI solutions to thousands of companies in financial services, life sciences, biotechnology, telecommunications, manufacturing, plus government and research institutions.

Headquartered in Seattle, Insightful has offices in New York City, North Carolina, France, Switzerland, and the United Kingdom, with distributors around the world. For more information, visit, email or call 1-800-569-0123.

S-PLUS, S+FinMetrics, Insightful, Insightful Corporation and the Insightful logo are trademarks or registered trademarks of Insightful Corporation. Sun and Solaris are trademarks or registered trademarks of Sun Microsystems, Inc. Linux is a registered trademark of Linus Tovalds. Microsoft and Windows are registered trademarks of Microsoft Corporation. Other product names mentioned herein may be trademarks or registered trademarks of their respective companies.

Note to Investors -- Forward Looking Statements

This press release contains forward-looking statements, including statements about the status of S-PLUS as a de facto standard; the capabilities of S-PLUS 7 (including scalability, deployability and tasks and productivity improvements that users can accomplish with the product), S+FinMetrics and S+NuOPT; trends specific to the financial services industry; the capabilities of competing products now or in the past; and customer acceptance of our software products. Forward-looking statements are based on the judgment and opinions of management at the time the statements are made. Inaccurate assumptions and known and unknown risks and uncertainties can affect the accuracy of forward-looking statements. Actual results could differ materially from those expressed or implied by the forward-looking statements for a number of reasons, including, without limitation, the risks associated with errors or defects in our software; the risks associated with our ability to compete in the markets we serve; and the risks associated with market demand and customer acceptance of our products. More detailed information regarding these and other factors that could affect actual results is set forth in our filings with the Securities and Exchange Commission, including our most recent Quarterly Report on Form 10-Q. You should not unduly rely on these forward-looking statements, which apply only as of the date of this release. We undertake no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release or to reflect the occurrence of anticipated events.
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Publication:Business Wire
Geographic Code:1USA
Date:Apr 11, 2005
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