Information Builders, Beacon Team to Make Data Analytics Platform; Gerald Cohen Comments

data ServersInformation Builders will integrate a Beacon Integrated Data Services product and a business intelligence and analytics program with an aim to help clients interpret data.

WebFOCUS is designed to provide users visualization and analytics data and Beacon’s IDS is built as a fee-based management service intended to consolidate in-house securities and investment administration solutions and external sources of data, the companies said Thursday.

Gerald Cohen, president and CEO at Information Builders, said the addition of Beacon’s data-as-a-service tool to WebFOCUS is meant to develop analytics and data quality for both companies’ financial clients to use.

Information Builders plans to use the IDS data-as-a-service offering with WebFocus to help gather, verify and file information received from trading programs, custodians, reference providers and accounting systems.

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