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Press release: for immediate release
Taming the spreadsheet monster - Spread-Sheet Inside™ from Xenomorph
London, England, June 2006
Xenomorph has today announced a breakthrough in financial markets data management, Spread-Sheet Inside™ (SSI) technology, enabling the server-side centralisation of complex spreadsheet calculations within Xenomorph’s TimeScape data and decision management system. The usage of complex spreadsheets is growing within financial markets as traders and risk managers have to deal with ever more complex data and data analysis problems. Set against these vital end-user needs are the operational risks and regulatory concerns about over-use and over-reliance upon spreadsheet calculations.
Whilst many data management systems deal with the control of well-understood and wellstructured data, Xenomorph has extended its TimeScape system to cope with the unstructured data and calculations found in spreadsheets. Xenomorph’s Spread-Sheet Inside technology enables complex spreadsheet calculations to be embedded server-side within TimeScape’s XDB database engine.
Greg Johnson, Chief Executive Officer, Xenomorph, said “The whole financial markets industry is becoming more and more aware that spreadsheet over-use is a key operational risk which translates very directly into regulatory costs and overheads. Spread-Sheet Inside technology is an innovative way to bring this unstructured data under transparent, accessible, centralised control, whilst still allowing business users the flexibility to use spreadsheet operations to deal with difficult data problems.”
About Xenomorph
Xenomorph delivers high performance data and decision management solutions for the capture, cleansing, control and analysis of high volume real-time, historical and derived data across all asset classes. Xenomorph’s clients include global investment banks, major asset management companies and hedge funds across the world's main financial centres, where they are used by traders, fund managers, quantitative analysts, risk managers, IT and back-office staff. Established in 1995, Xenomorph is a privately held firm with offices in London and New York.
For more information on Xenomorph, our clients, services and solutions, please see www.xenomorph.com.
Xenomorph® and TimeScape™ are registered trademarks of Xenomorph Software Limited. Other product and company names herein may be trademarks of their respective owners.