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20 May 2008FOR IMMEDIATE RELEASE | View the PDF Version
NEW RELEASE OF STAR ANALYTICS STAR INTEGRATION SERVER ACCELERATES TIME TO VALUE FOR A FINANCIAL DATA WAREHOUSE
Enhanced performance and ease of use make it faster and easier for Fortune 1000 companies to extend the value of their Oracle Hyperion applications
San Mateo, Calif., May 20, 2008 - Star Analytics, a leading provider of enterprise software to unify and share information across financial analysis applications, today announced the immediate availability of Star Analytics Star Integration Server 2.4. Unveiled at the company's inaugural Customer Advisory Board meeting in Silicon Valley, the new version allows customers to unlock valuable financial data assets previously accessible only from within the confines of their Oracle Hyperion applications.
Star Integration Server unifies financial analysis application portfolios. It allows enterprises to safeguard, manage, re-use and capitalize on financial information, supporting single-source reporting with standard reporting tools. The new version offers several significant benefits:
- Streamlines access to aggregate financial data assets for real-time business decisions;
- Delivers a platform to unify financial data, business rules and sophisticated analytics, allowing decision makers to access information using a variety of open-standard reporting tools;
- Supports high performance extraction of data, metadata, security and filters to dynamically populate an enterprise data warehouse or data marts.
"The integration of data from across financial systems has risen to be a top priority as the information adequacy of finance organizations is not sufficient today," said Mark Smith, CEO & EVP Research at Ventana Research. "Star Analytics' new release provides the level of integration, scalability and security needed to enable financial information to be readily available for timely business decisions."
New features include:
- Support for Hyperion Essbase Aggregate Storage Option: With support for both BSO (Block Storage Option) and ASO (Aggregate Storage Option, also called Hyperion Enterprise Analytics), customers can seamlessly access and export financial assets, metadata and security from within Oracle Hyperion applications to standards-based targets. This key feature overcomes the technical obstacles faced when exporting and storing dynamically created aggregate financial values and trying to persist this content in an open and standard relational target.
- Enhanced multi-threaded engine: The addition of high speed extraction boosts overall data extraction performance necessary to enhance interactive reporting in real-time.
- Data extraction from any member intersection point: Offers the complete flexibility of user definitions to extract data without pre-defined limits or views.
- Expanded security filters: Combining exported fact data and row-level security, end users gain access only to their authorized, role-based data from any standards-based reporting tool.
- Greater ease-of-use: New user interface options allow financial systems managers and IT staff to integrate or migrate data using application aware point-and-click and drag-and-drop interfaces.
"Our tests reveal that Star Integration Server is dramatically faster than other methods of extraction," said Suzanne Hoffman, Vice President of Worldwide Sales at Star Analytics. "These very promising results will allow corporations to reduce their lag time in accessing financial information from days to minutes and achieve a much higher level of data exploration in their most complex applications."
Download a free Express metadata only version of Star Integration Server at www.staranalytics.com.
Momentum Builds With Global Customers, Partners
Global customers and world-class partners are continuing to adopt Star Analytics' platform to leverage the value of information in Hyperion Applications. A leading Internet billing service provider recently selected Star Integration Server to enable highly complex financial reporting from their relational database. Similarly, a leading global networking company selected Star Integration Server for high volume and high frequency data extraction from Hyperion Planning.
To help clients drive greater value from their applications, Star Analytics has expanded the breadth of consulting, training and support services available through its StarPartners program. Among the new partners integrating Star Integration Server as a key component in their strategy, design and implementation services are ADI Strategies, Analysis Team, ITI Consulting, Professional Innovations and US-Analytics.
Key Performance Ideas, a StarPartner and premier full-service consulting company focused on Enterprise Performance Management (EPM) solutions, features Star Integration Server as a strategic platform within its Enterprise Performance Management (EPM) solutions. Specializing in Oracle|Hyperion software and related technologies, the company is delivering its unique blend of Finance & Technical expertise for successful deployments with Star Analytics customers.
"We're big proponents of Star Integration Server because it allows us to create real differentiation in our offering, achieve incremental value in solutions design, and deliver on our joint passion for making customers successful," said Chris Werle, a Business Development & Strategy executive with Key Performance Ideas. "Star Integration Server simply does things that no other product can do well and does them faster and better than anyone else. Star Analytics is right on track with delivering the high-value functionality that our customers need, including exciting new levels of performance, plus the stability and quality we've grown accustomed to with Star Analytics. We're particularly excited about the significant business value our customers will gain from new features like ASO support and improved world-class performance metrics."
For information, visit www.staranalytics.com/partners.
New Online Community Spotlights Finance as an Innovation Center
Learn about trends and discuss best practices underlying the next generation of financial systems by visiting the new blog at financeinnovators.blogspot.com.
About Star Analytics
Star Analytics, Inc. is a leading provider of enterprise software to unify and share information across financial analysis applications. Its flagship product, Star Integration Server, allows corporations to extend the value of their investments in business intelligence and data warehousing. The product is fully deployed in Fortune 1000 companies in industries such as aerospace, banking, chemicals, computer software and hardware, energy, financial services, Internet search, manufacturing, mining, online travel, pharmaceuticals and skin care and cosmetics. Partners include Business Objects, an SAP company; Microsoft; Oracle (Hyperion) and others. Star Analytics is funded by Hummer Winblad Venture Partners and Lightspeed Venture Partners. www.staranalytics.com
Earlier this year, Star Analytics was selected by Microsoft to join the Microsoft Startup Accelerator Program. The company is a finalist for the 2008 Red Herring 100 Awards.
Media contacts
Joanna Rustin
Rustin Communications for Star Analytics
866-297-6070
Email:
The Star Analytics Logo and Star Integration Server are trademarks of Star Analytics. All other names mentioned herein may be trademarks of their respective owners. This press release is for informational purposes only and no offer to buy or solicitation of an offer to sell any securities is made hereby. Certain information contained in this news release is forward-looking and is subject to unknown risks and uncertainties. The actual results, performance or achievements of the company may differ materially from the results, performance or achievements of the company expressed or implied by such forward-looking statements.
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