Specialized Trading Industry Management and Systems Consultancy Joins ANTs
Software Alliance Program
BURLINGAME, Calif., May 12 /PRNewswire-FirstCall/ -- ANTs software, inc.
(OTC Bulletin Board: ANTS), a developer of high-performance SQL database
management systems, today announced that Computer Intelligence Group, Inc., a
management and systems consultancy company focused on trading systems, risk
management and compliance services, has joined the ANTs Software Alliance
Program (ASAP) to jointly develop solutions targeted at the financial services
industry. As an ASAP partner, Computer Intelligence Group will develop,
market, and demonstrate solutions built for the ANTs Data Server, enabling
customers to boost application performance by 5 to 15 times in many cases and
achieve a total cost of ownership potentially 60 to 90 percent less than
existing solutions.
Since 1984, Computer Intelligence Group, Inc. has combined industry and
technical knowledge to develop customized, cost efficient solutions that cover
all aspects of the trading environment from sales and trading through
clearance and settlement. Because of the ANTs Data Server's standards
compliance and compatibility with Oracle, Microsoft and Sybase stored
procedures, CIG can quickly leverage its existing database expertise to
deliver new solutions with significant potential savings.
"Securities firms continually push the performance envelope of IT systems
supporting revenue generating transactions, the core of our expertise," said
CIG Founder and President, Samuel B. Galeota. "So we approached ANTs to see if
its technology would be of value to our clients. After evaluating the ANTs
Data Server, we have concluded that its combination of performance and
compatibility with the databases in use on Wall Street today, can be of
significant benefit to our clients."
Computer Intelligence Group (CIG) has developed three focus areas:
management consultancy, systems implementation and support, and specialized
software development. Each of these areas evolved from the need to provide a
complete offering of professional services capable of meeting the disparate
and changing global infrastructural requirements of financial services firms.
CIG clients include Bank of Tokyo-Mitsubishi, Credit Suisse First Boston,
Societe Generale, Mizuho Trust & Banking, and Datek.
"From day one we have targeted the financial services industry," said
ANTs' chief executive officer, Boyd Pearce. "It is comprised of
performance-hungry, IT-savvy enterprises whose applications have outgrown
existing database solutions. The lock-free architecture of the ANTs Data
Server can provide the scalability and real-time response needed in straight
through processing to capitalize on rapid market movements where millions of
dollars are at stake with each trade. CIG is the perfect partner to introduce
our product to Wall Street trading firms. We are extremely pleased to have
this alliance in place."
About Computer Intelligence Group, Inc.
Computer Intelligence Group, Inc. was founded in 1984. The company
provides an array of management and systems consulting services such as
systems evaluation, systems integration, business process re-engineering
(BPR), and vendor package software evaluations. CIG also develops market risk
management systems, credit risk management systems data warehousing solutions
and solutions that assist customers in complying with the USA Patriot Act,
Sarbanes-Oxley requirements and SEC Rule 17a-4 for e-mail archiving and
retrieval. For more information, visit http://www.ciginc.com.
About ANTs software inc.
ANTs software inc., based in Silicon Valley, California, develops high-
performance data management software that delivers unparalleled performance
for heavy workload applications. The company's mission is to help customers
reduce hardware, software, and development costs by providing exceptional
database performance. For more information, visit http://www.ants.com.
This press release is neither an offer to sell nor a solicitation of
offers to purchase securities. This press release contains certain forward-
looking statements as that phrase is defined in the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are subject to
a number of risks and uncertainties that could cause actual results to differ
materially from those projected. Such risks include but are not limited to
the following: there can be no assurance that ANTs software inc. (the
"Company") will produce the expected results; that the Company will produce a
commercially viable product; or that the Company will secure the necessary
current and additional financing, intellectual property and staff to support
current and future operations. Further risks are detailed in the Company's
filings with the Securities and Exchange Commission, including the Company's
most recent form 10-KSB for the year ended December 31, 2004. The Company
undertakes no obligation to revise or publicly release the results of any
revision to such forward-looking statements.
For additional information:
Patrick Corman
Corman Communications
650-326-9648
patrick@cormancom.com
Company contact:
Cesar Rojas
ANTs software inc.
650-931-0535
cesar.rojas@ants.com
Company Contact:
Joseph Feldman
Computer Intelligence Group
212-385-3060
joseph.feldman@cgiinc.com
SOURCE ANTs software, inc.
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Related links:
http://www.ants.com
CONTACT:
Patrick Corman of Corman Communications,
+1-650-326-9648, or patrick@cormancom.com, for ANTs software
inc.; or Cesar Rojas of ANTs software inc., +1-650-931-0535, or
cesar.rojas@ants.com; or Joseph Feldman of Computer Intelligence
Group, +1-212-385-3060, or joseph.feldman@cgiinc.com
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