Netezza Corporation, the global leader in data warehouse and analytic appliances, and Patni Computer Systems, a leading global IT and business process outsourcing (BPO) services provider, today announced that they will partner to develop solutions for the financial services industry built upon Netezza’s data warehouse platform and designed with Patni’s extensive industry expertise.

Patni and Netezza will offer a series of solutions designed to address the data challenges facing large financial institutions today while providing the scalability necessary to meet future requirements. Paired with the high-performance Netezza platform, Patni’s suite of solutions will target financial institutions looking to improve data analysis and management within their operations. The companies expect that the first solution will be offered this summer.

“Data management continues to be a critical challenge for financial services organizations worldwide,” said Steve Williams, vice president Sales, Financial Services at Netezza. “The industry will benefit from Netezza’s partnership with Patni, which offers higher-performance, lower-cost solutions that can be implemented quickly and cost effectively.”

Article sourced from www.netezza.com, click here to read full story.