KDnuggets : News : 2007 : n05 : item44 < PREVIOUS | NEXT >

Briefs

China Social Security Fund Selects Insightful’s S-PLUS

Today Insightful Corporation (NASDAQ:IFUL) announced that the National Council for Social Security Fund (SSF) of the People’s Republic of China has selected Insightful’s S-PLUS® as its primary analytics platform for building the SSF’s internal metric system for risk management and investment performance.

National Council for Social Security Fund of the People's Republic of China Standardizes on Insightful’s S-PLUS®

SSF will deploy S-PLUS as its predictive analytic and reporting platform for risk management and investment performance

Seattle, WA ­ February, 26, 2007 ­ Insightful Corporation (NASDAQ:IFUL), a leading provider of predictive analytics and reporting solutions, announced today that the National Council for Social Security Fund (SSF) of the People’s Republic of China has selected Insightful’s S-PLUS® as its primary analytics platform for building the SSF’s internal metric system for risk management and investment performance.

SSF, established to manage and operate more than $25 billion in assets of the National Social Security Fund, chose Insightful’s S-PLUS product family after a thorough analysis of most of the commercially available statistical software packages available. SSF will use the Insightful platform’s advanced quantitative and scientific approaches to build predictive models in order to accurately predict risk and thereby minimize economic surprises. By developing an S-PLUS-based investment performance system, the fund’s goals are to improve returns and manage risks more effectively.

For more information, visit www.insightful.com.


KDnuggets : News : 2007 : n05 : item44 < PREVIOUS | NEXT >

Copyright © 2007 KDnuggets.   Subscribe to KDnuggets News!