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FRAMINGHAM, Mass.--(BUSINESS WIRE)--April 18, 2006--Netezza, the global data warehouse appliance leader, today announced that LoanPerformance, a subsidiary of First American Real Estate Solutions (RES®) and a leader in residential mortgage data and analytics, has chosen the Netezza Performance Server data warehouse appliance to run its TrueStandings Servicing product line. LoanPerformance's data and suite of predictive prepayment and risk modeling solutions enable mortgage originators, servicers, securities issuers and investors to make informed business decisions about credit risk, loss mitigation, customer retention, securitization and investment. The company has deployed the NPS system to dramatically improve performance and overall service level agreements while providing greater user access to data.
"Because we've created and maintain the industry's largest and most robust mortgage servicing database, the speed and comprehensiveness of our data analysis is critical to our institutional customers," said Dan Feshbach, CEO of LoanPerformance. "Deploying the NPS system allows us to run analyses against terabytes of data at a rapid rate, which translates to better and faster service to our customers."
"It was the Netezza system's sophistication that appealed to LoanPerformance," noted Jit Saxena, CEO and co-founder, Netezza Corp. "The ease of integration and scalability of our system will allow LoanPerformance to keep pace with growing data volumes and increasing customer demand."
The NPS system is the market-leading data warehouse appliance, built specifically to analyze terabytes of detailed data 10 to 100 times faster than existing data warehouse options, at half the cost. The NPS system stores, filters and processes terabytes of records within a single unit, analyzing only the relevant information for each query. Netezza has placed the CPU power next to the data, allowing the NPS system to speed through processes that would occupy most data warehouse systems for hours, or even days, thereby enabling dramatic increases in productivity across the organization. Customers who have recognized the performance benefits of Netezza's approach include Ahold USA, Amazon.com, American Red Cross, Catalina Marketing, Cingular Wireless, CNET Networks, Epsilon, Neiman Marcus, Orange UK, Premier, Inc., Shoppers Drug Mart Corporation, The Carphone Warehouse and The TJX Companies.
About Netezza Corporation
Netezza, the global data warehouse appliance market leader, enables enterprises to make all of their data actionable - quickly, simply and affordably. The Netezza Performance Server family of products delivers breakthrough performance, unmatched ease of deployment and operation, and innovative flexibility and scalability at a fraction of the cost of traditional data warehouse solutions. By architecturally integrating database, server and storage within a single appliance, the NPS system delivers 10 to 100 times the performance at half the cost of existing systems. Based in Framingham, Mass., Netezza has offices in Washington, DC, the United Kingdom and Asia Pacific. The Company is backed by leading venture capital firms, including Matrix Partners, Charles River Ventures, Battery Ventures, Orange, Sequoia Capital and Meritech Capital Partners. For more information about Netezza, please visit www.netezza.com.
About LoanPerformance
LoanPerformance is a subsidiary of First American Real Estate Solutions and a member of The First American Corporation (NYSE: FAF - News) family of companies. LoanPerformance's databases track the delinquency and prepayment performance of 46 million active individual mortgage payments per month and provide loan-level information on more than $1 trillion in active non-agency mortgage and asset-backed securities. The company's data and suite of predictive prepayment and risk modeling solutions enable mortgage originators, servicers, securities issuers and investors to make informed business decisions about credit risk, loss mitigation, customer retention, securitization and investment. For additional information, visit www.loanperformance.com and www.firstamres.com.
About The First American Corporation
The First American Corporation (NYSE: FAF - News), a FORTUNE 500® company that traces its history to 1889, is America's largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people's lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, and Risk Mitigation and Business Solutions--a new segment that the company formed in 2005 by combining its Credit Information and Screening Information segments. With revenues of $8.1 billion in 2005, First American has approximately 2,000 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at www.firstam.com.
Contact:
Netezza Corp.
Virginia Lux, 508-665-6800
vlux@netezza.com
or
The First American Corporation
S. David Schulz, 714-800-3298
dschulz@firstam.com
or
SHIFT Communications
Amanda Munroe, 617-681-1216
netezza@shiftcomm.com
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