NUI Galway Spin-Out Company Targets Finance Markets

Monday, 31 January 2011

A spin-out company of NUI Galway's Digital Enterprise Research Institute (DERI) – Peracton Ltd. has partnered with FusionExperience to offer one of Peracton's flagship products MAARS Fund Management Analytics to the market. The technology was initially developed within DERI at NUI Galway and through Peracton, the MAARS technology is being offered to the finance/business world. The original MAARS technology development research has been funded by Enterprise Ireland and Science Foundation Ireland. MAARS is a platform that provides complex analytics decision support for most common equities selection (stocks, funds, ETF etc.), audit and compliance as well as forensic capabilities. In a recent report of summer 2010, Forrester claimed that Peracton s MAARS was the Hot Technology to Watch for 2010. A Forrester excerpt says: "Focusing on solving the core industry-specific business problems is the next big wave in the tech industry. Nowhere is it more evident of technology s unique role in solving business problems than in the highly tech-dependent banking market." Mr. Gordon Easden, Practice Leader, FusionExperience says: "The partnership with Peracton will allow us to add the impressive MAARS analytics application to our already extensive set of offerings. This can only be good news for our existing and potential clients and further increase the excellent end to end service we provide to the financial services community. We look forward to working closely with Peracton in the future." Mr. Richard D'Silva, UK Business Development Manager, Peracton says: "At Peracton, we are really excited about working with FusionExperience. Not only does Fusion provide a great opportunity for MAARS to get the right exposure to key people in the Investment and Asset Management space but also their experience in the Financial Services industry will be invaluable as we develop and release more MAARS financial analytics applications in the coming months." Professor Manfred Hauswirth, Vice-Director of DERI at NUI Galway said: "Peracton is a direct outcome of the foreseeing investment of the Irish government into the Smart Economy to create indigenous companies in the knowledge economy. Peracton successfully demonstrates how the "research-to-industry pipeline" can work: from Science Foundation Ireland funded basic research, via Enterprise Ireland supported translation into industrial strength products to a new Irish company providing jobs and producing tax income." For further information contact: info@peracton.com
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