April 2011 NUI Galway Spin-Out Company Provides Template for Complex Cloud Apps

A spin-out company of NUI Galway's Digital Enterprise Research Institute (DERI) – Peracton Ltd. features in a new book by SOGETI which offers guidelines to successful cloud computing. The book 'Seize the Cloud' is aimed at business professionals in finance and introduces them to cloud based technologies. The book also illustrates how various companies have made use of cloud computing. As a start-up, Peracton provides a unique insight to the challenges as well as angles it has to address the financial services needs and legal requirements of a company through the use of MAARS technology. The technology used by Peracton 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. A report by Forrester in 2010 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." For further information contact: info@peracton.com -Ends-