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TheStreet Open House

Appfluent And IGATE Patni Form Strategic Alliance

Stocks in this article: IGTEPTI

Rationalize Reference Data Management Costs and Mitigate Risks

ROCKVILLE, Md., Sept 1, 2011 /PRNewswire/ -- Appfluent Technology, Inc., the leader in business activity and data usage software for Big Data, and iGATE Patni, one of the leading global providers of information technology services and business solutions today announced a strategic alliance that will enable enterprises to leverage Appfluent's data usage analytics within iGate Patni's Reference Data Management solutions.

iGATE Patni will embed Appfluent's software in " iGATE Patni RADAR", a multi-step Reference and Data Rationalization program that will help financial services companies mitigate their risk and rationalize the cost of managing their reference data. The iGATE Patni RADAR enables an institution to understand the volume, expense, source, and flow of reference data within the institution, allowing IT to better align with the business and reduce total cost of data management while driving the success of business intelligence and data warehouse initiatives.  

With Appfluent, iGATE Patni customers will be able to:

  • Measure how business units and departments are utilizing data to better justify costs and more efficiently prioritize resources
  • Gain insight into how data is being used in data warehouses to retain and optimize the most relevant data
  • Audit user activity across BI applications, reports, and databases to ensure the trusted usage of sensitive corporate information.

"To help reduce operational costs and risks, financial firms need a good understanding of how reference data is sourced, cleansed, transformed and consumed throughout the firm. iGATE Patni RADAR as a service addresses these issues and our alliance with Appfluent will enable us to efficiently model data consumption throughout the enterprise" says Fred Cohen Group Vice President Capital Markets & Investment Banking at iGATE Patni.

"IT organizations lack visibility into the business usage of data leading to escalating data management costs, operational inefficiency and risk." said Frank Gelbart, Appfluent CEO.  "Appfluent and iGATE Patni have partnered to enable FORTUNE 1000 companies to better leverage strategic value of data, contain costs and mitigate data access risks."

About Appfluent Technology, Inc. Appfluent  enables enterprises to manage Big Data smarter and better aligned with the business . Appfluent Visibility® provides visibility into business activity, exposes how data is used and what data is unused, and tracks inappropriate user activity. With insight provided by Appfluent, IT organizations can rationalize costs and plan investments, respond faster with fewer resources and more efficiently manage exploding data growth. Visit www.appfluent.com

Appfluent is a registered trademark of Appfluent Technology, Inc. All other products, services and company names mentioned herein may be trademarks of their respective owners. Contact Information: Santosh Chitakki, 1-301-770-8643

About iGATE Patni'iGATE Patni' is the common brand identity of two organizations - iGATE and Patni as a result of the acquisition of Patni Computer Systems Limited by iGATE Corporation. Between the two companies, the brand iGATE Patni provides full-spectrum consulting, technology, business process and product engineering outsourcing services on a Business Outcomes-based model. Armed with over three decades of IT Services experience and powered by the iTOPS (Integrated Technology and Operations) platform, iGATE Patni's multi-location global organization with a talent pool of 26000+ people, consistently delivers effective solutions to over 360 Fortune 1000 clients spanning across verticals like:  banking & financial services; insurance & healthcare; life sciences; manufacturing, retail, distribution & logistics; media, entertainment leisure & travel; communication, energy & utilities; public sector; and independent software vendors. Visit: www.igatepatni.com

iGATE Corporation is listed in NASDAQ (IGTE) and Patni Computer Systems Limited in BSE (532517), NSE (PATNI) and NYSE listed (PTI).iGATE Patni Media Contact: Prabhanjan Deshpande "PD" Corporate Communication and Media Relations PD@igatepatni.com +91 80 4104 5006

SOURCE Appfluent Technology, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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