ANTs sofware reports data server contract with European bank
ANTs software, inc. (OTC Bulletin Board: ANTS), a developer of high-performance SQL database management systems, continued its expansion into the financial services market, announcing today that a multi-billion dollar European-based bank has licensed the ANTs Data Server.
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As a fully registered NASD broker-dealer, the bank will use the ANTs Data Server in the fixed income trading platform of its North American operation, supporting a world-class client base of brokers and brokerage firms.
The bank performed an extensive comparison of database management systems, including Microsoft SQL Server, and chose the ANTs Data Server because it offered the lowest total cost of ownership and because it was the only database capable of meeting stringent performance requirements. Using Intel Xeon-based servers running the Microsoft Windows XP operating system for its trading platform, the bank demanded a database capable of supporting 1,000 transactions per second. ANTs was the only database able to reliably deliver these results.
"Wall Street is now beginning to recognize the cost and performance advantages of the ANTs Data Server, and this deployment is another endorsement of our product as we continue to make inroads into this demanding market," said Boyd Pearce, CEO of ANTs Software. "ANTs is a compelling replacement for traditional databases with the universal compatibility organizations need to achieve easy, quick and painless migrations."