WealthEngine Raises the Technology Innovation Bar With Oracle Exadata Database Machine

BETHESDA, Md., Jan. 31, 2011 /PRNewswire/ -- WealthEngine, the leading provider of wealth identification and information-based fundraising solutions, announced today that its purchase and deployment of Oracle Exadata Database Machine enables dramatically improved performance, usability and scalability of its wealth intelligence solutions.

"Innovation is in our DNA at WealthEngine," said chief executive officer, Tony Glowacki.  "We are constantly looking for opportunities to improve our clients' experience by raising the bar, whether in the area of research, data analytics or, in this case, technology.  The Oracle Exadata Database Machine represents a significant investment not only in our business but in the future of prospect research and analytics."

WealthEngine experienced year over year growth of 30% from 2007 through 2009, grew 40% last year and is forecasted to grow at even a higher rate in 2011.  The Company's database has swelled to 2.5 billion records across more than 35 unique data sets and it is now running more than 3 million donor/prospect records per month for its hospital, higher education, nonprofit and commercial clients.

At the same time, the fundraising needs of the nonprofit community and the marketing needs of financial services firms and luxury goods & services providers have grown increasingly robust as they all seek more sophisticated and cost effective methodologies to identify and target their best prospects.

"When testing the Oracle Exadata Database Machine with our data, the transformational value to our business and to our clients' marketing efforts became abundantly clear," said Silas Matteson, WealthEngine's Senior Vice President of Products & Technology.  "The implementation of Oracle Exadata will allow us to deliver superior performance and sophisticated modeling and analysis of large data sets to our rapidly growing customer base."  

Over 20 years, WealthEngine has built a strong reputation as the leading provider of prospect research tools and screening services that have helped clients collectively raise billions in funds. More than 2,000 organizations rely on WealthEngine to identify and cultivate their best donors and prospects.  The firm's next generation product suite, scheduled for initial release later this year, will run on Oracle Exadata.

About WealthEngine

WealthEngine is the leading provider of wealth identification and information-based fundraising solutions to hospitals, higher education, nonprofit organizations financial services firms and luxury goods & services providers. More than 2000 clients use WealthEngine's products for comprehensive prospect research on individuals, companies and foundations. Headquartered in Bethesda, MD, WealthEngine offers products in both the United States and the United Kingdom. For more information, visit www.wealthengine.com.

SOURCE WealthEngine

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