New York-based Aleri, which recently acquired wholesale banking systems vendor Mpct, has extended its offering for the financial markets by joining the Sun Microsystems i-Force partner programme for straight-through processing.
Aleri’s Information Engine product assimilates and processes large volumes of rapidly changing data via the use of vector technology. The company acquired Mpct in an effort to push its data storage and analytical applications to financial markets users.
Alan Hambrook, Aleri CEO, says: "With continual business pressure to achieve time compression, many financial institutions will need the speed of vectors, the flexibility offered by rules, and the cost effectiveness which comes with being able to run all this on Unix."