Aleri Live OLAP 5.0 Delivers The First True Real-Time, Multi-Dimensional Analysis of Dynamic Data

Business Wire,  May 27, 2008  

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Aleri Live OLAP is an Extension of Aleri's Complex Event Processing Platform

CHICAGO -- Aleri Inc., a leading provider of enterprise-class complex event processing (CEP) technology, today announced the latest version of Aleri Live OLAP. Taking CEP one step further, Aleri Live OLAP allows users to interactively analyze multi-dimensional data sets that are live - where the underlying data is continuously updated by the Aleri CEP engine.

"Traditional data analysis or Business Intelligence (BI) tools are designed for analyzing historical data. They aren't designed to work with data that's current and constantly changing," said Jeff Wootton, vice president of product development at Aleri. "That's not the case with Aleri Live OLAP, where users can interactively analyze live data using multi-dimensional data analysis tools."

Aleri is the only CEP vendor to complement CEP technology with real-time OLAP capabilities. While many CEP products integrate with databases for historical capture of event data, the ability to perform multi-dimensional analysis against live data sets has not been available. One area where this technology is receiving particular interest is portfolio analysis and risk management: while the CEP engine is used to perform real-time position keeping, portfolio valuation and risk aggregation, the Live OLAP tools are used to analyze positions and exposures across different dimensions - in real-time.

The Aleri Live OLAP engine collects streaming data from Aleri's CEP platform and applies a dimensional hierarchy defined via the Aleri OLAP Studio. Aleri Live OLPA differs from traditional OLAP in that it does not rely on pre-aggregation. Aleri's virtual cube technology allows users to analyze up-to-the-second, live data in real-time allowing for the creation of customized, dynamic reports based on multiple dimension aggregation. Additionally, with Aleri's virtual cube technology, users can analyze data across unlimited dimensions, which is hard and expensive to do with traditional OLAP.

Aleri Live OLAP is a distributed OLAP service that can support a variety of desktop analysis reporting tools. Off the shelf tools, including Microsoft Excel, are supported via the built-in ODBO interface for MDX queries. Alternatively, custom browser-based query screens can be defined using the Query Screen Development Kit that is included with the product.

About Aleri

Aleri is a leading provider of enterprise-class complex event processing (CEP) technology for financial institutions and beyond. Aleri's CEP Platform was designed from the ground up to provide the most robust architecture available for the rapid implementation of mission critical applications within the most demanding environments. Built for high throughput with minimal latency, Aleri's event processing technology allows customers to analyze and respond instantly to high-volume, high-speed data to minimize risk and increase competitive advantage.

Aleri is the first to develop and deploy commercial enterprise-class applications built on event processing technology, the Aleri Liquidity Management System, which is used by some of the largest global bank treasuries in the world, and the Aleri Market Liquidity Analysis engine, which consolidates multiple order book feeds from individual exchanges to provide a powerful tool for trading in fragmented markets.

Aleri is a global company headquartered in Chicago with offices in New York, New Jersey, London, and Paris. For more information, visit www.aleri.com.

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