Ascential (NASDAQ:ASCL)
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Federal Home Loan Bank of Atlanta Counts on Financial Data Using
Ascential Software
Ascential Enterprise Integration Suite Links Financial Applications with
Reporting Systems; Enables Real-Time Reporting of Key Transactions and
Sarbanes-Oxley Compliance
WESTBORO, Mass., Jan. 24 /PRNewswire-FirstCall/ -- Ascential Software
Corporation (NASDAQ:ASCL), the enterprise data integration leader, today
announced that the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) has
deployed the Ascential Enterprise Integration Suite(TM) to make more accurate,
informed operational decisions based on real-time financial data, while
adhering to strict regulatory guidelines and mandates. FHLBank Atlanta is using
the Ascential Enterprise Integration Suite to quickly profile, cleanse,
transform and move transactional data from disparate banking applications
throughout the enterprise to critical reporting systems.
"We must be confident that financial data is completely accurate and easy to
understand in order to provide the best possible value to our customers and
member financial institutions," said Marian Lucia, executive vice president and
chief information officer, FHLBank Atlanta. "The Ascential Software data
integration solution enables us to set a high standard for data quality, for
both our internal and external reporting. Whether we are preparing financial
reports for our executives or for Sarbanes-Oxley compliance, the solution
offers the scalability and ease of use that is at the center of our
enterprise-wide initiatives. The data integration solution from Ascential
Software is a core element of our IT strategy which supports our business
strategy."
FHLBank Atlanta, one of 12 banks in the Federal Home Loan Bank System, sought a
fast and accurate way to present shared reports of transactional and
operational data so methodology and terminology unique to specific operations
could be combined and presented in a clear and uniform fashion. FHLBank Atlanta
chose an Ascential Software solution to create dynamic reports that reflect a
single version of the bank's data. Ascential Software's on-demand data
integration solution allows decision-makers at FHLBank Atlanta to quickly
process strategic findings in a common language and format.
"Premier financial services providers like FHLBank Atlanta recognize the need
for a robust IT infrastructure that will give them confidence and a basis for
certainty when reviewing financial transaction data," said Thracy Varvoglis,
executive director of industry solutions at Ascential Software. "With Ascential
Software, FHLBank Atlanta is building the systems that allow rapid data
integration. By providing its key decision-makers with timely reports on
financial transactions, FHLBank Atlanta is poised to provide great service to
its customers while managing risk and compliance matters."
The Ascential Enterprise Integration Suite is a comprehensive data integration
solution that profiles, cleanses, and transforms data from virtually any
application or system regardless of data volume or latency. Ascential
Software's integrated offering is designed to help companies streamline
operations, improve customer support, expedite business transactions, and make
better tactical and strategic decisions on the basis of the best available
information. The Suite provides unlimited scalability through parallel
processing, complete meta data management, any-to-any data source and
application connectivity, and delivers on-demand data integration seamlessly
within an enterprise's service-oriented architecture.
About the Federal Home Loan Bank of Atlanta
FHLBank Atlanta is a $129 billion financial services organization that provides
low-cost financing, community development grants, and other banking services to
1,194 financial institutions in Alabama, Florida, Georgia, Maryland, North
Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank
Atlanta is one of 12 district banks in the Federal Home Loan Bank System, which
has contributed more than $2 billion to affordable housing development in the
United States.
About Ascential Software
Ascential Software Corporation (NASDAQ:ASCL) is the leader in enterprise data
integration. Customers and partners worldwide use the Ascential Enterprise
Integration Suite(TM) to confidently transform data into accurate, reliable and
complete business information to improve operational performance and
decision-making across every critical business dimension. Our comprehensive
end-to-end solutions provide on demand data integration complemented by our
professional services, industry expertise, and methodologies.
Ascential Software is headquartered in Westboro, Mass., and has more than 3,000
customers and partners globally across such industries as financial services
and banking, insurance, healthcare, retail, manufacturing, consumer packaged
goods, telecommunications and government. For more information call
1-800-966-9875 (508-366-3888 if calling from outside the US or Canada) or visit
the Ascential Software website at http://www.ascential.com/.
Media and industry analysts, contact Chas Kielt, director of media and analyst
relations, at 1-508-599-7256 or .
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: This release contains forward-looking statements based on current
expectations or beliefs, as well as a number of assumptions about future
events, and these statements are subject to important factors and uncertainties
that could cause actual results to differ materially from those described in
the forward-looking statements. The forward-looking statements in this release
address a variety of subjects including, for example, the functionality,
characteristics, quality and performance capabilities of Ascential Software's
products and technology; results achievable and benefits attainable through
deployment of Ascential Software's products and provision of services; the
ability of Ascential Software's products to streamline operations, improve
customer support, expedite business transactions, and make better tactical and
strategic decisions on the basis of the best available information; reduction
of cost of ownership; and increased return on IT investment. The following
factors, among others, could cause actual results to differ materially from
those described in these forward-looking statements: the ability of Ascential
Software to expand its market share; growth rates for the enterprise data
integration software market; general business conditions in the software
industry, the technology sector, and in the domestic and international
economies; rapid technological change in the markets served by Ascential
Software; dependence on international operations; global and geopolitical
instability; and difficulties that Ascential Software may experience
integrating technologies, operations and personnel of completed or future
acquisitions. For a detailed discussion of these and other cautionary
statements, please refer to the filings made by Ascential Software with the
Securities and Exchange Commission, including, without limitation, the most
recent Quarterly Report on Form 10-Q. Ascential Software disclaims any intent
or obligation to update any forward-looking statements made herein to reflect
any change in Ascential Software's expectations with regard thereto or any
change in events, conditions, or circumstances on which such statements are
based. Ascential Software is not responsible for statements attributed to third
parties within this release or in any materials referenced herein.
Ascential and Ascential Enterprise Integration Suite are trademarks of
Ascential Software Corporation or its affiliates and may be registered in the
United States or other jurisdictions. Other marks are the property of the
owners of those marks.
DATASOURCE: Ascential Software Corporation
CONTACT: Chas Kielt of Ascential Software Corporation, +1-508-599-7256,
; or Kristina LeBlanc of Porter Novelli,
+1-617-897-8233, , for Ascential Software
Web site: http://www.ascential.com/