Leading Insurance Company Utilizes Versant's ODBMS To Drive Advanced Executive Reporting and Analysis Application

German Branch of Allianz Group Relies on ODBMS To Handle 40 GB of Complex Data



Apr 02, 2001, 01:00 ET from Versant

    FREMONT, Calif., April 2 /PRNewswire/ -- Versant Corporation
 (Nasdaq: VSNT), a leading provider of middleware infrastructure technology,
 announced today that a major German division of global insurance company
 Allianz Group is using Versant's Object Data Management System (ODBMS) to
 simplify administration and speed access to a key 40-gigabyte reporting and
 analysis application used by 350 executives and managers.
     Allianz Sachgruppe Deutschland, a provider of damage and accident
 insurance, has relied on Versant's ODBMS since 1999 for efficient end-to-end
 object development, database administration, change management and data access
 for its Profit and Loss Application.  The program provides integrated
 aggregations and views of business activity from thousands of agents
 throughout the division, enabling users to make faster and more informed
 decisions to maximize the performance of Allianz profit centers.
     "Versant's object-based technology plays an important role in enabling us
 to handle complex planning and simulations that go far beyond the analytic
 capabilities of traditional business intelligence solutions," said Matthias
 Dolderer, Applications and Systems Manager, Allianz Analysis Division.  "With
 the ability to dynamically manage objects, the sheer speed of data retrieval
 and processing, and all the other benefits of Versant's methodology, we are
 able to perform extremely sophisticated data management and manipulation
 significantly faster and more efficiently than we could with a relational
 database."
     "Given the exceptionally complex nature of their application and the size
 of their database, Allianz is a clear example of a company that needs the
 flexibility, scalability and performance advantages as well as the
 sophisticated query capabilities of an advanced object data management
 system," said Adrian Jones, Vice President, European Operations for Versant
 Corporation.  "Their successful two-year experience with our object DBMS is a
 powerful endorsement of our technology."
     Versant's ODBMS is the industry's only truly scalable, enterprise-capable
 object data management system.  Used by more than 650 companies around the
 globe, it provides a powerful and flexible server-side query engine that
 supports a wide variety of query and index types, including multi-attribute,
 case-insensitive and local-specific queries for international character sets.
 It maximizes performance through multi-threading and multi-session
 capabilities, direct object-to-object navigation of persistent objects, and a
 highly scalable dual-cache transaction management system that ensures fast
 access to stored objects.
 
     About Allianz Group
     The Allianz Group ranks among the world's leading providers of financial
 services, focusing on property-casualty insurance, life and health insurance,
 and asset management.  Founded in Berlin in 1890 and now headquartered in
 Munich, the company now has 117,000 employees and a presence in 77 countries.
 It holds the number one position worldwide based on gross premiums written and
 is number two in market capitalization.  The company is traded on the
 Frankfurt, London, Paris, Zurich and New York stock exchanges.  Its NYSE
 ticker symbol is AZ.
 
     About Versant Corporation
     Versant Corporation (Nasdaq: VSNT) has led the industry in highly
 scalable, reliable object management solutions for complex enterprise-level
 systems since its founding in 1988. The company's Object Data Management
 System (ODBMS) serves as the core database for fraud detection, yield
 management, real-time data collection and analysis, operation support systems
 (OSS) and other large-scale applications in the telecommunications, financial
 services, transportation and defense industries.  Versant enJin and Versant
 Developer Suite, based on the same proven technology and seamless object
 persistence, help accelerate both the development cycle and the transaction
 speed for e-business and Internet infrastructures.  For more information, call
 510-789-1500 or visit www.versant.com .
 
     This news release contains forward-looking statements, including
 statements about the performance of Versant software and specific partner and
 customer relationships.  Investors are cautioned that any such forward-looking
 statements are not guarantees of future performance and involve risks and
 uncertainties.  Actual events or results may differ materially from those
 discussed in the forward-looking statements as a result of various factors.
 These factors include, among other things, continued relationship with Allianz
 and use of Versant software in their applications.  This and other related
 risks are described in more detail in the Company's filings with the
 Securities and Exchange Commission, including the Company's most recent
 Reports on Form 10-K and 10-Q made with the Securities and Exchange
 Commission.  The forward-looking statements included in this press release are
 made only as of the date of this press release, and the Company has no
 obligation to publicly update these forward-looking statements to reflect
 subsequent events or circumstances.
 
     Versant and Versant ODBMS are trademarks of Versant Corporation. All other
 company names and product names are trademarks of the individual companies.
 
 

SOURCE Versant
    FREMONT, Calif., April 2 /PRNewswire/ -- Versant Corporation
 (Nasdaq: VSNT), a leading provider of middleware infrastructure technology,
 announced today that a major German division of global insurance company
 Allianz Group is using Versant's Object Data Management System (ODBMS) to
 simplify administration and speed access to a key 40-gigabyte reporting and
 analysis application used by 350 executives and managers.
     Allianz Sachgruppe Deutschland, a provider of damage and accident
 insurance, has relied on Versant's ODBMS since 1999 for efficient end-to-end
 object development, database administration, change management and data access
 for its Profit and Loss Application.  The program provides integrated
 aggregations and views of business activity from thousands of agents
 throughout the division, enabling users to make faster and more informed
 decisions to maximize the performance of Allianz profit centers.
     "Versant's object-based technology plays an important role in enabling us
 to handle complex planning and simulations that go far beyond the analytic
 capabilities of traditional business intelligence solutions," said Matthias
 Dolderer, Applications and Systems Manager, Allianz Analysis Division.  "With
 the ability to dynamically manage objects, the sheer speed of data retrieval
 and processing, and all the other benefits of Versant's methodology, we are
 able to perform extremely sophisticated data management and manipulation
 significantly faster and more efficiently than we could with a relational
 database."
     "Given the exceptionally complex nature of their application and the size
 of their database, Allianz is a clear example of a company that needs the
 flexibility, scalability and performance advantages as well as the
 sophisticated query capabilities of an advanced object data management
 system," said Adrian Jones, Vice President, European Operations for Versant
 Corporation.  "Their successful two-year experience with our object DBMS is a
 powerful endorsement of our technology."
     Versant's ODBMS is the industry's only truly scalable, enterprise-capable
 object data management system.  Used by more than 650 companies around the
 globe, it provides a powerful and flexible server-side query engine that
 supports a wide variety of query and index types, including multi-attribute,
 case-insensitive and local-specific queries for international character sets.
 It maximizes performance through multi-threading and multi-session
 capabilities, direct object-to-object navigation of persistent objects, and a
 highly scalable dual-cache transaction management system that ensures fast
 access to stored objects.
 
     About Allianz Group
     The Allianz Group ranks among the world's leading providers of financial
 services, focusing on property-casualty insurance, life and health insurance,
 and asset management.  Founded in Berlin in 1890 and now headquartered in
 Munich, the company now has 117,000 employees and a presence in 77 countries.
 It holds the number one position worldwide based on gross premiums written and
 is number two in market capitalization.  The company is traded on the
 Frankfurt, London, Paris, Zurich and New York stock exchanges.  Its NYSE
 ticker symbol is AZ.
 
     About Versant Corporation
     Versant Corporation (Nasdaq: VSNT) has led the industry in highly
 scalable, reliable object management solutions for complex enterprise-level
 systems since its founding in 1988. The company's Object Data Management
 System (ODBMS) serves as the core database for fraud detection, yield
 management, real-time data collection and analysis, operation support systems
 (OSS) and other large-scale applications in the telecommunications, financial
 services, transportation and defense industries.  Versant enJin and Versant
 Developer Suite, based on the same proven technology and seamless object
 persistence, help accelerate both the development cycle and the transaction
 speed for e-business and Internet infrastructures.  For more information, call
 510-789-1500 or visit www.versant.com .
 
     This news release contains forward-looking statements, including
 statements about the performance of Versant software and specific partner and
 customer relationships.  Investors are cautioned that any such forward-looking
 statements are not guarantees of future performance and involve risks and
 uncertainties.  Actual events or results may differ materially from those
 discussed in the forward-looking statements as a result of various factors.
 These factors include, among other things, continued relationship with Allianz
 and use of Versant software in their applications.  This and other related
 risks are described in more detail in the Company's filings with the
 Securities and Exchange Commission, including the Company's most recent
 Reports on Form 10-K and 10-Q made with the Securities and Exchange
 Commission.  The forward-looking statements included in this press release are
 made only as of the date of this press release, and the Company has no
 obligation to publicly update these forward-looking statements to reflect
 subsequent events or circumstances.
 
     Versant and Versant ODBMS are trademarks of Versant Corporation. All other
 company names and product names are trademarks of the individual companies.
 
 SOURCE  Versant