The ActivePivot component, an object-based, streaming OLAP engine, is a high priority with our clients and prospects at this time as the consolidation of risk data from multiple sources and the delivery of that risk and P&L data, in real-time, to the user's desktops, is a mission critical requirement for the front and middle office in today's economic climate.

Jérome Sandrini, Managing Director at FastConnect, is excited about partnering with Quartet and says "One of the key benefits that FastConnect brings to the table is our expertise in real-time, event driven, streaming middleware (i.e. Tibco, Gigaspaces) combined with our strength in object-oriented design, especially as ActivePivot is even better when deployed in a message-based architecture than in a data warehouse centric environment. One of the key advantages of this partnership is that Quartet brings financial expertise and a solid reputation in the Treasury & Capital Markets space and we bring the middleware know-how. We will work together to ensure our clients' successes."

"Our clients want consulting services to help them customize their ActivePivot implementations and it is critical to have partners like FastConnect to deliver them," said Georges Bory, one of the Quartet founders. "FastConnect has the skills and expertise to embed our robust components into a client's existing architecture, and are quite proficient with the message bus and the data grids tools which stream the source objects to ActivePivot. FastConnect is well-positioned to support us from a technical perspective which helps us reduce implementation costs. In addition, it gives us and our clients, the confidence that the application will not only be implemented correctly, but on-time and on budget. So far the component has been used to deliver VaR, market risk, positions, cash management, and P&L to the front and middle offices of large banks, hedge funds, and asset managers in business areas reas such as commodities, interest rate, equities and credits - as well as in some situations where all asset classes are reported globally. The flexibility, ease, and speed in which this information can be reported have been paramount to the growing success of ActivePivot."