Pneuron Launches Business-Driven Cloud Platform That Revolutionizes Enterprise Application Market

February 6, 2012

Tools

Financial Services Firms Can Improve Analytics, Lower Risks and Key IT Costs

NEW YORK--(BUSINESS WIRE)-- Pneuron Corporation today introduced the Pneuron™ Platform, a new and innovative software suite that distributes key applications, analysis, models, rules, or functions directly to source systems where data resides. This unique technology extends the life of existing applications and eliminates large, costly, and out of sync data warehouses - two areas that represent significant cost to the enterprise without a balanced return on investment. By removing the time consuming data integration, normalization efforts, and premature source system replacements that plague today’s complex and distributed organization, the Pneuron Platform allows enterprises to introduce new real time applications, business intelligence, or operating models at less than 40 percent of the cost of traditional methods, while simultaneously tripling the life of existing enterprise applications and reducing maintenance costs by a targeted 50 percent.

The Pneuron Platform is ideal for financial services firms, particularly those with complex IT environments or large, geographically dispersed operations with considerable risk, operational productivity, and cost management challenges.

“Financial services firms spend staggering amounts of their technology budgets on maintaining dated applications and collecting, storing, and organizing the data these applications need,” said Sang Lee, founder, Aite Group. “Pneuron’s approach challenges the status quo in enterprise application architecture and stands to deliver significantly greater transparency and insight at significantly reduced cost.”

Through a unique and business centric design the Pneuron Platform enables and stimulates:

simple, seamless connection of any data, functions, or applications across an enterprise for the creation of real time intelligence without intermediary databases, custom data models, or legacy technology changes;
creation of new, compound, or hybrid applications, analytics and models by combining components or functions from any existing legacy technology, application, or data environment;
distribution of and accessibility to any enterprise functions, intelligence, workflows, or ontologies, including existing applications, as cloud or networked services.

The result is a new paradigm in application development, business intelligence, and competitive agility that fully leverages prior investments in technology and intellectual property. Total cost of ownership, time to market and risk in development and distribution are radically reduced.

Traditional enterprise information architecture requires that applications pull disparate data from across an enterprise into a large data warehouse and map it against a data model that is often inflexible and abstract. This process typically includes data normalization, transport, storage and management, investment in hardware and software, and ongoing expenditures for security and performance upgrades. Each of these investments adds repetitive and often unnecessary cost, complexity, and time for the rollout of new functionality or responses to market demands. This remains the key challenge to the agility, responsiveness, and transparency of any modern enterprise.

“Financial institutions have mission critical information scattered throughout databases and applications across their entire enterprise and geography,” said E. Paul Rowady, Jr., Senior Analyst, Tabb Group. “Accessing that data is both costly and time consuming in an era of extreme budgetary pressure. Solutions that can interact with data directly at the source – without requiring a material reorganization of infrastructure -- will give financial institutions great flexibility and faster time to value.”

“The Pneuron Platform truly lends itself to the notion of “Business as a Service (BaaS),” said Simon Moss, CEO, Pneuron. “It addresses challenges that financial services firms face – how to innovate and grow in competitiveness, leverage and revitalize the human and technology investments of the past decade, ensure responsiveness and transparency to market and regulatory demands, and yet comply with unprecedented pressure to reduce costs without impacting any of these demands. We consider Pneuron to be a breakthrough in addressing these challenges – offering agility and competitiveness without the burden of cost and time.”

“Executives understand that the connection of information and synergistic functions across the organization is key to effectively managing systemic risks, creating reliable predictive models, or monetizing data to provide better customer service and products” said Elizabeth Elkins, COO, Pneuron. “Organizations often reject proposed projects or long-term planning strategies put forward by the business due to the low ROI and high use of IT resources for the creation and maintenance of central data marts. By removing this requirement, Pneuron allows organizations to inspire innovation at all levels of the enterprise.”

The Pneuron Platform utilizes patent pending “Pneurons™,” which are mini-applications, functions, or services that run a basic set of business configurable properties. Similar to how the neurons in the human brain function, each “Pneuron” serves as part of a network of other connected “Pneurons” acting as real time, globally distributed products. These functions or services are connected to make products, applications, workflows, or operating models through a simple and intuitive visual environment in which business users “p”rescribe the required functions, business model, or activities.

Networks of “Pneurons” are managed by a hyper light, virtual server called the Pneuron Cortex™. These services and applications can be deployed across the enterprise and the Cloud, integrating with existing systems and applying a highly distributed, clustered, and fault tolerant cooperating model between the different “Pneurons.” The Pneuron Platform’s underlying clustering, load balancing, and elastic Cloud (grid or server) model enables significant scalability and throughput to handle the most complex computational models, integration, and volumes, adaptively managing demand and resources as required.

The business oriented design makes it easy for business users to visualize, access, monitor, and analyze enterprise information sources, connect these sources and create tailored processing models together to create real time intelligence, globally accessible services, and new overlay products, packages, or models. The Pneuron philosophy is to empower the business users based on how they work, simply and quickly, not on where the IT investment is located.

About Pneuron

Pneuron Corporation provides Fortune 5000 enterprises with an innovative business framework that eliminates the traditional technological barriers that prevent organizations from functioning as a cohesive, transparent enterprise. The Pneuron Platform accelerates the creation, deployment, and management of new applications, analytics, and operational best practices at a fraction of the cost of traditional technology solutions. This critical, real time connection of the global enterprise occurs without traditional IT, large data integration, or deployment risk concerns that are so prevalent in most projects. The company has multiple patents pending. For more information visit www.pneuron.com.