Barclays Global Investors implements Insightful's S-Plus Platform
Insightful Corporation (NASDAQ:IFUL), a leading provider of predictive analytics and reporting solutions, today announced that Barclays Global Investors (BGI), one of the world's largest asset managers, selected Insightful's S-PLUS software product family for delivery of quantitative analysis across the company's global research group.
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BGI is deploying Insightful's S-PLUS Server and Insightful Miner(TM) Server products enterprise wide to help improve the quality and timeliness of predictive analytics and quantitative research. A subsidiary of the UK-based financial services group Barclays, BGI has more than 2,800 clients in 52 countries worldwide.
BGI purchased the suite of Insightful solutions and Insightful recognized license revenue for this transaction in December of 2005.
"We are very pleased that BGI selected Insightful's S-PLUS software product family for quantitative analysis across its worldwide research group," said Jeff Coombs, president and CEO of Insightful Corporation. "BGI's use of S-PLUS is yet another example of Insightful enabling our customers to apply statistics across their entire organization in order to enhance and exploit their competitive advantage."