Federal Home Loan Bank of Atlanta Counts on Financial Data Using Ascential Software
January 24 2005 - 8:30AM
PR Newswire (US)
Federal Home Loan Bank of Atlanta Counts on Financial Data Using
Ascential Software Ascential Enterprise Integration Suite Links
Financial Applications with Reporting Systems; Enables Real-Time
Reporting of Key Transactions and Sarbanes-Oxley Compliance
WESTBORO, Mass., Jan. 24 /PRNewswire-FirstCall/ -- Ascential
Software Corporation (NASDAQ:ASCL), the enterprise data integration
leader, today announced that the Federal Home Loan Bank of Atlanta
(FHLBank Atlanta) has deployed the Ascential Enterprise Integration
Suite(TM) to make more accurate, informed operational decisions
based on real-time financial data, while adhering to strict
regulatory guidelines and mandates. FHLBank Atlanta is using the
Ascential Enterprise Integration Suite to quickly profile, cleanse,
transform and move transactional data from disparate banking
applications throughout the enterprise to critical reporting
systems. "We must be confident that financial data is completely
accurate and easy to understand in order to provide the best
possible value to our customers and member financial institutions,"
said Marian Lucia, executive vice president and chief information
officer, FHLBank Atlanta. "The Ascential Software data integration
solution enables us to set a high standard for data quality, for
both our internal and external reporting. Whether we are preparing
financial reports for our executives or for Sarbanes-Oxley
compliance, the solution offers the scalability and ease of use
that is at the center of our enterprise-wide initiatives. The data
integration solution from Ascential Software is a core element of
our IT strategy which supports our business strategy." FHLBank
Atlanta, one of 12 banks in the Federal Home Loan Bank System,
sought a fast and accurate way to present shared reports of
transactional and operational data so methodology and terminology
unique to specific operations could be combined and presented in a
clear and uniform fashion. FHLBank Atlanta chose an Ascential
Software solution to create dynamic reports that reflect a single
version of the bank's data. Ascential Software's on-demand data
integration solution allows decision-makers at FHLBank Atlanta to
quickly process strategic findings in a common language and format.
"Premier financial services providers like FHLBank Atlanta
recognize the need for a robust IT infrastructure that will give
them confidence and a basis for certainty when reviewing financial
transaction data," said Thracy Varvoglis, executive director of
industry solutions at Ascential Software. "With Ascential Software,
FHLBank Atlanta is building the systems that allow rapid data
integration. By providing its key decision-makers with timely
reports on financial transactions, FHLBank Atlanta is poised to
provide great service to its customers while managing risk and
compliance matters." The Ascential Enterprise Integration Suite is
a comprehensive data integration solution that profiles, cleanses,
and transforms data from virtually any application or system
regardless of data volume or latency. Ascential Software's
integrated offering is designed to help companies streamline
operations, improve customer support, expedite business
transactions, and make better tactical and strategic decisions on
the basis of the best available information. The Suite provides
unlimited scalability through parallel processing, complete meta
data management, any-to-any data source and application
connectivity, and delivers on-demand data integration seamlessly
within an enterprise's service-oriented architecture. About the
Federal Home Loan Bank of Atlanta FHLBank Atlanta is a $129 billion
financial services organization that provides low-cost financing,
community development grants, and other banking services to 1,194
financial institutions in Alabama, Florida, Georgia, Maryland,
North Carolina, South Carolina, Virginia, and the District of
Columbia. FHLBank Atlanta is one of 12 district banks in the
Federal Home Loan Bank System, which has contributed more than $2
billion to affordable housing development in the United States.
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; the ability of Ascential Software's products
to streamline operations, improve customer support, expedite
business transactions, and make better tactical and strategic
decisions on the basis of the best available information; reduction
of cost of ownership; and increased return on IT investment. The
following factors, among others, could cause actual results to
differ materially from those described in these forward-looking
statements: the ability of Ascential Software 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 Ascential
Software; dependence on international operations; global and
geopolitical instability; and difficulties that Ascential Software
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.
Ascential 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 Kristina LeBlanc of
Porter Novelli, +1-617-897-8233, , for Ascential Software Web site:
http://www.ascential.com/
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