Sybase Solidifies Leadership in China's Financial Market with US$5 Million Agricultural Bank of China Deployment
July 30 2007 - 9:00AM
PR Newswire (US)
Sybase IQ Analytics Server Chosen to Support a Leading Chinese
Commercial Bank's Nationwide Information System DUBLIN, Calif.,
July 30 /PRNewswire-FirstCall/ -- Sybase, Inc. (NYSE:SY), a leading
provider of enterprise infrastructure and mobile software, today
announced that Agricultural Bank of China (ABC) has awarded
Sybase(R) a US$5 million contract to provide a data platform that
applies sophisticated business intelligence analytics to the bank's
operations. This contract is one of the biggest deployments of
Sybase IQ(R) analytics server in China. ABC's traditional way of
reporting -- which relies on distributed data collection -- coupled
with a loosely-federated operation analysis system was beginning to
impact decision-making. The bank asked for a new nationwide
networked and integrated system that not only standardizes
operations, but also requires minimum data storage resources. "To
satisfy ABC's requirements is especially challenging because this
bank has the largest number of branches and most diverse business
in one of the world's fastest growing economies," said Horace Chow,
vice president of Sybase Asia Pacific and general manager of Sybase
Greater China. "Our win after the bank's strenuous selection
process not only demonstrated the competitiveness of our
cutting-edge technologies and unparalleled customer service, but
also extend our leadership in the financial services market."
Sybase IQ analytics server typically delivers query performance 10
to 100 times faster than ordinary data management platforms while
using standard hardware and operating systems. Sybase IQ is
designed especially for the highly efficient storage, retrieval and
analysis of massive volumes of data. "As China's financial market
opens up to foreign investment, state-owned commercial banks must
further improve their decision-making efficiency and operation
standards," said an ABC executive. "We believe that Sybase's
outstanding products and services are much needed in China's
increasingly competitive financial industry." After a three-year
long selection process, the bank chose a number of Sybase's key
technologies such as Sybase IQ, Sybase Adaptive Server(R)
Enterprise database, Sybase PowerBuilder(R) tool and Sybase
PowerDesigner(R) tool, a seamless combination that offers speed,
agility, scalability and stability. About Sybase, Inc. Sybase is
the largest global enterprise software company exclusively focused
on managing and mobilising information from the data center to the
point of action. Sybase provides open, cross-platform solutions
that securely deliver information anytime, anywhere, enabling
customers and partners to create an information edge. The world's
most critical data in commerce, communications, finance, government
and healthcare runs on Sybase. For more information, visit the
Sybase Web site: http://www.sybase.com/. Sybase, Adaptive Server
Enterprise, PowerBuilder and PowerDesigner are registered
trademarks of Sybase, Inc. or its subsidiaries. (R) indicates
registration in the United States of America. All other company and
product names mentioned may be trademarks of the respective
companies with which they are associated. DATASOURCE: Sybase, Inc.
CONTACT: Crystal Lu of Sybase, Inc., +1-925-236-6431, ; or Melissa
Sheridan of Citigate Cunningham, +1-415-618- 8783, , for Sybase,
Inc. Web site: http://www.sybase.com/
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