VANCOUVER, British Columbia, Oct. 7 /PRNewswire/ -- FINCAD, the industry standard for financial analytics, announced today that its F3 Excel Edition and F3 SDK solutions will leverage TIBCO Software Inc. (Nasdaq: TIBX) technology to significantly speed the time in which F3 users run scenario analysis and comprehensive risk reports.
Providing the backbone of enterprise grids deployed by the world's most demanding businesses, TIBCO GridServer® is one of the market's leading grid-computing infrastructure platforms. By dynamically scaling services and allocating computing resources based on service level agreements (SLA) and business-requirement policies, computation-intensive applications can run complex simulations quickly – delivering results with greater speed and achieving more precise analysis than before.
"In the computational finance industry, timely access to information is key to success," said Ivan Casanova, Director of Cloud Marketing, TIBCO Software Inc. "By spreading processing across thousands of commodity computers, TIBCO GridServer improves the performance of Monte Carlo simulations to efficiently generate F3's comprehensive risk reports and analysis of large, complex portfolios."
"With risk management and scenario analysis being a key focus for organizations, they need a fast, powerful tool that can run these complex calculations in less time," says Bob Park, President and CEO, FINCAD. "We recognize the importance of providing our customers with the ability to process complex portfolios and detailed risk analysis. Running F3 products using TIBCO GridServer provides clients with the best tools available."
FINCAD will be showcasing the F3 product line at a launch event in London on October 11 at the Museum of London. Learn more about High Performance Grid Computing with F3 Excel Edition and F3 SDK.
Founded in 1990, FINCAD provides software and services supporting the valuation and risk management of cross-asset class derivatives and fixed income securities to banks, corporate treasuries, asset management firms, auditors, and governments. FINCAD is the industry standard for financial analytics used by more than 4,000 organizations in over 80 countries. Over 70 FINCAD Alliance Partners embed FINCAD analytics within their solutions. FINCAD provides sales and client services from Dublin, Ireland and Vancouver, Canada. For additional information, visit www.fincad.com.
TIBCO Software Inc. (Nasdaq: TIBX) is a provider of infrastructure software for companies to use on-premise or as part of cloud computing environments. Whether it's efficient claims or trade processing, cross-selling products based on real-time customer behavior, or averting a crisis before it happens, TIBCO provides companies the two-second advantage™ - the ability to capture the right information, at the right time, and act on it preemptively for a competitive advantage. More than 4,000 customers worldwide rely on TIBCO to manage information, decisions, processes and applications in real time. Learn more at www.tibco.com.