BlueCrest Standardizes on Vertica for Firm-Wide Market Data Analytics Requirements

BILLERICA, Mass., Feb. 1, 2011 /PRNewswire/ -- Vertica Systems, the leading provider of real-time analytics platforms, today announced that BlueCrest Capital Management LLP, one of Europe's leading asset managers, and other companies in the BlueCrest group located in London, Geneva, Singapore, and New York had selected to use the Vertica Analytics Platform.

The Vertica Analytics Platform was selected as BlueCrest's group-wide analytics platform after two years of successful operation for several BlueCrest trading desks, where Vertica excelled in meeting requirements for parallel data loading, query performance and simplicity, as well as for Vertica's unique price/performance advantages. With the Vertica Analytics Platform, BlueCrest now has a field-proven solution to analyze massive amounts of historical data for algorithm tuning and backtesting while scaling linearly as BlueCrest adds industry-standard servers.

"With two years of real-world experience on the Vertica Analytics Platform, we know exactly what kind of performance and scalability we're getting, and that's why we're rolling out Vertica across the entire company," said Mark Holt, CTO of the BlueCrest group.  "In our business, recognizing trading opportunities relies on analysis of market data and Vertica allows us to analyze more data, faster than ever before.  And, with Vertica's incredible query performance, we can tune our proprietary algorithms much more quickly than with any other solution we tested.  We're excited to provide Vertica's performance advantage across all of our trading desks and in all of our geographic locations."

Vertica's unique architecture allows users to analyze massive amounts of data faster and more reliably than any other analytics platform, giving companies the power to obtain real-time business intelligence. The Vertica Analytics Platform is purpose-built to get users up and running quickly and to operate with fewer resources than traditional solutions.  Fast loading, automated database design, and familiar interfaces means users are productive in minutes instead of days, and an architecture optimized for industry-standard hardware, virtual machines (private cloud), or on the cloud delivers the flexibility and elasticity to deploy analytics where and when needed at any scale.

"Vertica has been able to exceed BlueCrest's demanding market data analysis requirements for two years now," said Christopher Lynch, President and CEO of Vertica Systems, "and we're excited to partner with BlueCrest to deliver scalability and performance across the entire company.  The Vertica Analytics Platform was built from the ground up to handle the types of analytics applications that require the analysis of very large data sets, performance and massive scalability, and this is exactly why BlueCrest, and other forward-thinking companies choose Vertica to monetize and manage their data."

About BlueCrest Capital Management LLP

The BlueCrest group was founded in 2000 by Michael Platt and William Reeves and is one of Europe's leading asset managers, with US$24.6bn currently under management. The BlueCrest group has 368 employees across offices in Guernsey, Geneva London, New York, Boston and Singapore.

About Vertica

Vertica Systems is the leading provider of next-generation analytics platforms enabling companies to monetize their data at the speed and scale necessary to deliver significant value to customers and shareholders.  Vertica's scalability and flexibility are unmatched in the industry delivering 50x-1000x faster performance at 30% the cost of traditional solutions.  Vertica is used by more than 300 customers across a variety of industries worldwide including Groupon, Twitter, Verizon, AOL, Guess!, Zynga, Playdom, Bank of America, BlueCross BlueShield, AdMeld, Sunoco, Mozilla and Comcast.  Vertica's North American headquarters is located in Billerica, MA.

Vertica is a registered trademark of Vertica in the United States and other countries. Other product or service names mentioned herein are the trademarks of their respective owners.

SOURCE Vertica Systems

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